Snippet from article in today's AFR. 'Mr. Newman said the LNP was not anti mining but it would protect prime agricultural land. "We are not anti-underground coal gasification or anti-coal seam gas. We are anti things happening in the wrong place and being done the wrong way" he said.' In the same article. 'Ambre Energy is pushing ahead with a $3billion coal to liquids plant on the Darling Downs. Despite the LNP plan to ban resources development in the region. It plans to use coal-to-liquids technology to convert conventionally MINED coal to unleaded petrol and LPG.' Looks like Ambre has decided not to use UCG here but a Sasol style plant. Newman's comments on UCG sound very promising for our Chinchilla operations. Could this be a surprise rabbit, out of the hat for Linc?
LNC Price at posting:
$1.17 Sentiment: LT Buy Disclosure: Held
