From that press release, Bond states that the Chinese sell off, will be less then 10 to 20%, is that the way you read this? If so, that will still be quite the dilution. It would want to be at a premium price to justify the sale. I would hope that the Chinese bring something more to the table then just money. Perhaps a few thousand square miles of suitable UCG coalfields, close to infrastructure might be a huge enticement for Linc?
LNC Price at posting:
$1.32 Sentiment: LT Buy Disclosure: Held