G'Morning MrM
I do not know if you remember the bashing FMG used to get [and still does sometimes] but Linc is getting the same kind of thing. It goes with the territory, IMO, when you step outside of other people's comfort zones.
Last night on the 'Business' [ABC1] their market commentator raised the boogy-man of a CR when Linc came up. Just goes to show the bloke has only a shallow knowledge [i.e. doesn't know what he is talking about. He was probably advising his clients not to buy back when the price was 60 cents. ] When Linc did the bond issue they made it clear that might be repeated [on better terms next time]. Raising Umiat's valuation will make raising debt [if needed] the way Linc will proceed.
And... that is only if every deal on its books goes pear shaped.
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