short positions, page-15

UCG and GTL are two different technologies, with UCG been commercialised by Yerostigaz for the last 30+ years...isn't that why Linc brought Yerostigaz???

Did I miss something in the purpose of the Yerostigaz deal????

Wasn't the purpose of buying Yerostigaz to get the only remaining company with commercial UCG experience to provide that experience so Linc didn't have to go through the development hurdles of re-inventing UCG and allow it to feed a 20K/day GTL plant???

UCG produces the gas..doesn't it?? Gasifying coal above ground or below ground still results in a coal based syngas with similar compositions....I'd give you a chemical engineering lesson but don't have the time nor patience with someone who clearly doesn't understand these process.

GTL converts the Gas to a Liquids...yes???

GTL from coal syngas has been commercialised in South Africa for the last 50+ years by Sasol....yes?????

Rather than trying to buy proven coal based syngas GTL technology Bond decided he wanted to re-invent the wheel....something that we as shareholders are paying for his inept mistakes.

Had he got half a 20kbpd plant up and running by now approximate revenue of $365m per annum at $100/bbl would make this company worth more than a billion dollars. Not sure how the company would be bankrupt under this scenario.

I think you need to go and do a lot more research and perhaps get a chemical (or similar) engineering degree than come back and talk to me about the development of UCG and GTL technologies globally.