I believe the comments made by PB regarding an imminent coal sale were irresponsible. If there was something material to report, then it should have been released via a formal announcement.
Having said that, I am happy for the sale to be delayed whilst exploration continues. I feel there is significant upside in terms of the JORC coal resource at Galilee and would like to see management realise the full potential of this resource before selling.
LNC Price at posting:
$1.57 Sentiment: LT Buy Disclosure: Held
