Activities Linc Energy is an innovative, forward thinking energy company and Australia's leader in clean coal technology. Linc has commenced work on bringing together two proven production processes known as Underground Coal Gasification (UCG) clean coal technology and Coal To Liquids (CTL).
These processes have the potential to economically convert Queensland's vast "stranded" coal deposits into ultra clean liquid fuels.
Recent Headlines And Snippets December 03, 2008: Linc Energy Buys Into Us Coal Market For $Us 50m Linc Energy has formalised its intention to buy a US based coal exploration company, Gas Tech Inc for $USD50 million ($A77.8 million).The acquisition is expected to be finalised in late January 2009, at an agreed price of $4.03 for one Linc Energy share issued, a 60% premium based on Linc Energy’s current market price. Link Energy CEO Peter Bond sees the acquisition as its first step into the USA clean fuels market. The company plans to complete a modest drilling program to test the potential underground coal gasification in GasTech’s 172,000 acres of the coal areas located at Wyoming region of US.
The company hopes to break the ground for the Wyoming pilot plant in the fourth quarter of 2009, with an expected initial production rate not lower than 40,000 barrels per day of diesels and jet fuel(Source: News Bites).
November 17, 2008: Linc Energy Confirms 1.7b Inferred Coal Resource Linc Energy Ltd confirmed on November 14 an updated inferred resource of 1.7 billion tonnes of coal, for its South Australian (Sapex) tenement areas EL3325 and EL 3326 with an exploration target upgrade to a range of 7 to 9 billion tonnes representing less than 5% of the total exploration area within the Arckaringa Basin.A key priority is to determine the suitability of the coal for conversion into liquid hydrocarbons via Linc's underground coal gasification and gas-to-liquids technology. (Source: NewsBites)
October 16, 2008: Xinwen Confirms $1.5b Purchase Of Linc'S Teresa Coal Tenements Clean coal technology developer Linc Energy Ltd says that following meetings this week with the Xinwen Mining Group Ltd of China in Beijing, the Xinwen board approved the purchase of Linc's Emerald "Teresa" coal tenements in Queensland.The companies have agreed to an extension of the heads of agreement prior to the completion of the $1.5 billion transaction while Xinwen obtains Chinese regulatory approval.The company's drilling program on the coal tenements is continuing to further expand and define the coal deposit.(Source: NewsBites)
LNC has closed above bottom band by 18.8%. Bollinger Bands are 45.5% narrower than normal.
The narrow width of the bands suggests low volatility as compared to LNC normal range. The bands have been in this narrow range for 12 bars. This is a sign that the market may be about to initiate a new trend.
Best to do some research as the stock market is full of gangsters. Listen to nobody and do your own research as best you can.
Buy counter cyclic stocks when they are oversold by people moving their money out to buy into the hype. These people will soon be back after being burnt by that hype.
If you have really researched well and know that the future looks bright for a certain stock then stick with it.
DYOR
Cheers
LNC Price at posting:
$1.56 Sentiment: ST Buy Disclosure: Held
