IMO. We are now getting a stack of new holders. Insto's at long last must be coming on board. LNC must be dead cert to be back in ASX 200 next review (prob shortest removal in history) pulling more insto's on board.
Most of the current activity clearly being driven by Shale Oil news. Many new buyers probably currently unaware of LNC's many other assets, including world leading coal to liquids technology a a big fat CPI adjusted coal royalty stream from Adani when they come onstream. Suspect this the case of some of those suggesting CR or flash in the pan price rise.
Don't forget LNC was approx 3 bucks 2011 post Adani coal sale - assets much stronger now.
Would love to know who CS is buyuing for if not their own account.
When the market fully appreciates what LNC has been about for the past few years... well I reckon wow.
LNC Price at posting:
$2.70 Sentiment: LT Buy Disclosure: Held
