At A$1.65 Company announced that the shares are undervalued in ASX and hence moving to SGX
The shares are A$1.4 currently now in SGX . So much so for non Australian investors appreciating the value!!
For those claiming that price will go up once announcements come and hence life will be ok - there is a very misleading assumption that it would not have gone up if it was still listed in ASX..
I love Linc, don't take me wrong. That is as long as they stick to their core competence - Mining / Energy/ Oil..
The move to SGX was an investment banking driven decision ....not an operational. And we all know who gains everytime an investment banker promises the moon ....
LNC Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
