My money is currently invested elsewhere. I continue to watch...

My money is currently invested elsewhere.

I continue to watch LNC and think about it. It looks to me it might still be tracking higher.

A lot is riding on the Arckaringa JV. I have the opinion that is driving the current buying which makes me wonder if there is not an element of buy the rumour happening. If so, come the day of a positive ann about the JV a lot of people will be looking to sell the fact and take their profits.

If the JV ann is good the SP will probably survive the profit taking and settle in a higher range .... but I notice the outstanding short position is rising [last report 19 million]... I am not sure what that means.

I do not intend to keep posting about LNC. My interests have changed, and also, since I am not a holder it is not really my business to be chiming in. Happy to watch from the wings.