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99.5¢ linc energy ltd

I totally agree with your sentiments! What you have to do is ask...

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danhold

1,954 Posts.

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24/11/14

01:12

Post #: 14339026
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Originally posted by LNC-Link ↑

I dont think you will find too many people here with "undying optimism"...and I think that most LT holders are stuck awaiting a better exit.... Why are we stuck? because year after year we understood/believed announcements that proclaimed;

"first steel to be laid next year for 5,000 BPD UCG-GTL plant"

"US oil and Gas assets to reach 10,000 PPD at the end of this year"

"Wyoming to produce 15,000PBD with EOR"

"Theresa (NEC) assets to be sold 3yrs ago-2yrs ago-1yr ago-this yr....etc"

"Adani coal royalties to earn us $2pt commencing 2017 ramping to $100 million PA in 2020"

Cook inlet gas to Anchorage, Umiat billions, Arckaringa billions and now UCG billions....etc.etc but you get the picture...........?

We have been professionally stroked and now we are stuck with a company that spent $millions to get to Singapore for what looks like an effort by our CEO to get out of his shares in a block sale to Genting who have all the REAL Asian connections.

Thats all my own opinion and if none of the above is correct then people can make their own assumptions. I for one believed in the UCG-GTL story and still do. In hindsight and with a bit more understanding of the market I should have only bought into the company at 20c not at $2-3. It is purely a speculative company and the only way to buy specs is to wait until they have a proven cash operation or secured IP happening and then insure they have scope to multiply and duplicate.

The fact that Genting bought in at about $1.20 and CS at about $1.20 are the only things about this company that give me real solace and some hope that we might get some capital back(after believing all the previous BS) and I would hope that when the dust settles(if there is a takeover) we end up with about $1.5-1.8 per share.Which in effect would get PB about $300m plus, and that is something he could have never achieved if he tried to sell into the market or if he tried to sell partial blocks.....that would only have forced the SP down...No...he has to sell as one block.

If there is no takeover (seems improbable when we now look at Gentings stake) then we have to rely on a hopeful boost from the Ark or a sell-off of the US oil and gas to move us forward and then hope we can get some UCG or GTL project making us some cash so that we can get through the convertible notes saga.

There is no need for rose tinted glasses all we need is some clear pathway not these scattered hopes.

That will only come from good management with good direction and providing good information to shareholders. I personally think that all of that ceased when PB did the deal with Genting last year and that deal is now being played out. That is why there has been no clear direction to cash-flow projects (maybe Poland) and all we are seeing is the business being "tidied up and being prepared" for the handover...such as;

Cutting all the BS offices around the world
Proving up Ark to show that there is some sort of kitchen down there
Get out of USA oil and gas
Get out of Aus with listing and equipment (head office reduced and prepared for Singapore move)
Get out of Coal

Genting just wants the UCG tech and the GTL tech (and maybe some UCG heads of agreements)and then they will show how to do it properly in a world market that is just now appreciating what UCG can be and most of that market will be in Asia. Why haven't Linc managed to secure one deal in Asia...think about that for a moment?

Linc have it all going for them with UCG/GTL intellectual property and know-how and they are the leaders in the field by miles. Present management just cant seem to cut it.

As shareholders we were well looked after at the outset then slowly but surely we were fed BS and then treated with more and more contempt. We made PB wealthy and all he did with our investment is fly around the world building up a bloated staff and business fiefdom that needed more and more $ to feed but returned less and less $.

PB has proven mostly that he can buy and secure some good assets at great prices but he finds it difficult to develop those assets competently. He has also shown mixed results in attempting to sell those assets. And all the while....all his shareholders wanted was to just get on and develop UCG/GTL in a timely fashion with a realistic plan.

Just imagine if we had borrowed/raised $100,000,000 and co-developed the North Vietnamese UGC project in the Red Delta with Marubeni in 2008...........and if that was our "showcase" where would we be now?

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I totally agree with your sentiments! What you have to do is ask yourself this one basic question!
Who actually benefits from these announcements that don't seem to lead to anything?
I have my suspicions but I don't wish to be sued!
That said: Today's Trading range should be between 1.16 to 1.23.
The feeling in my bones tells me that we are in for a good solid stock "preformance" this time around this means making a new high on the SXG by mid December.There has been interviews on Channel New Asia by PB and this generally means a big marketing push is around the corner to get the stock price up.He's a master at this!!
The trick is not to get suck in by the background music and bank some bucks or those that are looking for a better exit my well have the opportunity, take it! With LNC it's best to sell on the way down as trying to predict how high the stock can run is really an impossible task!!

LNC Price at posting: 99.5¢ Sentiment: Buy Disclosure: Held
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