Good pick up Imbiber, the debt is secured by the asset. This is fundamentally better, I agree. I am still cynical regarding the cashflow potential but also agree with other comments and the notion of being re-rated as n oil producer. I think we all realise however that Linc is never going to fall into any one energy category and will unfortunately not be rewarded and rated like an oil/gas/coal play, the technology also gets in the way of Analysts valuations. The only way linc will reach it's optimal valuation is by producing cashflow, here is to hoping we have more of it soon.
JP also told me that linc was a double bagger in the next 12months. Not sure i like that sort of chat from a guy in his position but it would be nice....
LNC Price at posting:
$2.12 Sentiment: Buy Disclosure: Held
