LNC 0.00% 99.5¢ linc energy ltd

market cap $1 billion, page-61

  1. 2,851 Posts.
    lightbulb Created with Sketch. 1312
    I think I was right to be negative about the stock before.
    6 months ago the company was close to going into Administration as they were running out of cash and the spending was out of control.
    PB wasn't buying shares at 60cents as he also knew that there were serious cash flow problems.

    Now they have secured funding, improved cash flow from the oil, Russians sniffing around, several potential deals in the pipeline and PB running the company correctly at last I have now changed my view.

    Its easy to say to someone after the event that they were wrong but at the time I still maintain a lot of my points were valid.

    And I don't care if I get thumbs up or not. My point was that it prevents OTHER posters stating negative facts that may be useful to all of us.
 
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