LNC 0.00% 99.5¢ linc energy ltd

lnc annual general meeting, page-20

  1. 693 Posts.
    - Colinchi. Many share holders have a lot to be pissed off about. Myself included. I have been a holder in Linc for over 4 years now and have lost a small fortune. Linc was all about UCG. & GTL back then and going commercial in the near future. Now it is September 2012 and we are no where near going commercial. Did have 500 mill in the bank, no debt and blue sky. Along the way Linc has gone off in all directions. There was even a capital raising at $1.40 a share that I averaged down into. Also now we have no cash in the bank, mounting debt, B grade oil assets requiring money to improve and other assets requiring shit loads of capital to develope, not to mention a share price below 70cents. Go figure!
 
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