The market has spoken. Did i short LNC back on 18/06 when i warned readers LNC was way overpriced? No.... but only because i couldn't find a broker to short it with. LNC became a market darling and the hype was incredible. A fall was on the cards in normal circumstances. Chuck in that world wide we have had a bear market situation since Nov 2007, and it is inevitable that profits will be taken to compensate for losses on other stocks. Will LNC continue to fall? I have no idea. What is certain is that everything now hinges on the pilot plant proving itself and what the 20,000 brl/day plant will cost. Oil is likely to stay at $120-150/brl. So it is up to Linc to clearly demonstrate they can make their scheme profitable. Meanwhile about a dozen ASX company's are rushing into CTL using above ground techno.One big advantage is that UCG produces far less emissions than its above ground counterpart. A lot will depend on how strongly Rudd government will enforce carbon tax/trading.
LNC Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
