They're doing what they can to lock in the deal. Maybe extending and defining the resource was part of the non-committal agreements they made with Xinwen, but anyway it is in Linc's interest to keep the drilling up. Whether it coaxes Xinwen into doing what they said they'd do, or alternatively it enhances the asset for other bidders, it's in Linc's interest.
Why they shouldn't charge more, when there is more coal and a cheaper AUD price? Because Linc has made an agreement for the tenement, not the tonnage; and because coal isn't worth as much a tonne as it was then.
Moved from the "Europe" forum. Original message number: 125
LNC Price at posting:
$2.86 Sentiment: Hold Disclosure: Held
