Why are you still worried about the shorts and the conversion price of the bonds?
The only people buying are people who are either idiots or punters who think they may be able to do a quick day trade.
Clearly the company is doomed and has been for at least a year now.
High debt, high Interest repayments, Almost worthless assets, poor management and they are running out of cash.
You just have to look at what they have got out of recent sales of the Royalty and Coal assets. Yes it was better getting something for the royalty rather than nothing but that was their best asset so what does it say about the rest of their assets.
The Oil Production will continue to decline as the high depletion rates will not be offset by new wells.
This is my forecast as to where the company is heading:
LNC Price at posting:
99.5¢ Sentiment: Sell Disclosure: Not Held
