From Black Swan to Black Bess, page-4

Retep, GH and others holding on. I understand how you feel.

It was also difficult for me to sell at a loss (admittedly at slightly higher prices than current SP). Ultimately it came down to my understanding that LNC was close to running out of cash, had heaps of debt, it's assets were less / non marketable at low oil price, if the business case for UCG was there, then why haven't LNC implemented commercial projects in the last 5 years when price of oil was high? and the credibility gap between what LNC announces and what actually happens (10,000 barrels by christmas? heaps of JV demand for Arck? Umiat demand for sale? $400m value of coal assets? move to SGX benefits etc etc)

I have used the cash I recovered from my sale to trade other shares, FAR, URA ETF's etc.

Better to get out now whilst there is still some value, so you can use it to fight another day IMO DYOR of course.