I can picture a negotiation process that might have happened......
2011
Linc - this asset is worth $1b and thats freaking cheap in this market.
Buyer - I will give you $500m, you need this money
Linc - get lost we are not that desperate
2012
Linc - Hey you wanna buy that coal mine - you offered us $500M and we are happy with that.
Buyer - I will give you $200M - you need the money
Linc - get lost we are not that desperate
2013
Linc - Hey you wanna buy that coal mine - you offered us $200M and we are happy with that.
Buyer - I will give you $50M - you need the money
Linc - Get lost we are not that desperate
2014
Linc - Hey you wanna buy that coal mine - you offered us $50M and we are happy with that.
Buyer - I will give you $10M
Linc - Get lost we are not that desperate
2015
Linc - Hey you wanna buy that coal mine - you offered us $10M and we are happy with that.
Buyer - I will give you $5M - you need the money
Linc - sounds fair but how about some royalties down the track one we have become insolvent as a bit of a sweetner for the announcement?
Buyer - deal.
LNC Price at posting:
99.5¢ Sentiment: None Disclosure: Not Held
