“Why on earth would LNC waste money on buying something that they could otherwise have paid for as needed via consulting fees?”
I think the following paragraph from the announcement answers your question:
"With the additional expertise and employees to handle an increase in commercial operations, Linc Energy can now go forward to expand UCG operations in several other locations around the world, including China, India, USA and Australia.”
“Why on earth havent we heard anything about the progress of the Chinchilla trial burn using the Russian technology”
I am not sure if we need regular updates but I will check for myself on the site tour.
“it takes a few bucks to employ 230 peopple,”
In the announcement they say that the Russian company is profitable. Maybe the Russian company liked the idea of investing in LNC. I am not sure.
LNC Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
