Joke 2: Linc and GCL (Golden Concord) and UCG Linc agreed to...

Joke 2: Linc and GCL (Golden Concord) and UCG

Linc agreed to sell A$120 million ($124 million) of shares in a private placement, giving Golden Concord a 5 percent stake, the Brisbane-based company said today in a statement. The shares will be sold at about A$4.50 apiece, valuing Linc at A$2.3 billion, according to the statement.
The company will also form a venture in China with Golden Concord to commercialize underground coal gasification, or technology to produce gas from coal, which can be converted into less-polluting liquid fuels, according to the statement. Golden Concord will own 67 percent of the venture, which plans to start construction of its first gasification operation within six months of completing the agreement. The deal requires approval by Australia’s Foreign Investment Review Board, Linc said.
Linc expects first commercial gas from the China project within nine months, Linc Chief Executive Officer Peter Bond said today in a phone interview. (Bloomberg April 16, 2012)

Joke 3: How do you make ALMOST $50 mn?

Make over $550 mn in LNC shares, and then fail to deliver on promises.

Joke 4: What is the sound of LINC at 20 cents?

Slam DUNK

Joke 5: Linc sells its conventional coal coal assets for $5mn (plus some ahem....royalties) in 2015

Aug. 8, 2011 (Bloomberg) -- Linc Energy Ltd., the Australian company that converts coal into liquid fuels, aims to sell a project within the next 90 days pending talks with potential Chinese and Indian buyers.
Linc Energy has moved into the final stages of negotiations with groups from India and China, Peter Bond, chief executive officer of the Brisbane-based company said today in an interview.

Linc’s Teresa coal asset is valued at about A$500 million, and the company may sell another two assets following completion of a deal, Bond said. There were two to three Chinese groups and one to two Indian groups, he said.

Joke 6: LINC ENERGY

any more?