LNC looks to be real. See research.
17 April 2012
Linc Energy Ltd
LNC A $1.24
TARGET PRICE A$2.75
STRONG BUY 1.5X
Linc Energy is diverse company that is globally active in the search of opportunities to create energy. Linc has three energy divisions, namely Oil and Gas & Enhanced Oil Recovery, Coal and Clean Energy & Clean Fuels.
Linc to ink Chinese clean-tech joint venture
Linc Energy (LNC) is poised to commercialise its clean-technologies in China through a joint venture with Golden Concord Holdings Limited. GCL will take an A$120M placement in LNC in two tranches, subject to FIRB approval. The first A$60M is at A$4.50/sh, a 321% premium to LNC’s previous closing price, giving it exclusive
lnc v lyc. take the n any day.
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