LNC 0.00% 99.5¢ linc energy ltd

Restructuring saves Linc Energy A$24.7m, page-3

  1. 1,933 Posts.
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    Fools are their money always part.
    LNC can announce the biggest gold find ever and they will still be broke!

    LNC has burnt too many bridges

    1) Lost shareholder trust
    2) Institutions do not appear on their register
    3)Virtually impossible to borrow! Fortescue raised funds at 10% what do you think LNC can borrow at ? 20%
    4) For LNC to move forward PB will need to step down as Chairman and take non active role in the running of the company.
    5) Unfortunately, its all over for the time being until shareholder trust is restored point 4 is not negotiable.
 
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Currently unlisted public company.

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