Mr Peter Bond, CEO of Linc Energy said, “I must admit that many of the people on the buyers side and I were confident that our two groups would have completed the coal sale deal and subsequently been in a position to announce and sign the agreement by today. However, I am sorry to say that as yet we have not been able to reach the point where a formal announcement can be made. We are close, and a number of significant steps have been achieved over the past four weeks and I look forward to updating the market in the near future.”
Seems to me that the buyer and seller are mostly in agreement, so I must conclude we are waiting for Australian Government to approve IMHO.
LNC Price at posting:
$1.99 Sentiment: LT Buy Disclosure: Held