Hi PJ A few years ago I was a shareholder of Linc Energy...

  1. 7,383 Posts.
    lightbulb Created with Sketch. 2011
    Hi PJ

    A few years ago I was a shareholder of Linc Energy [LNC]... long gone as a company but at the time it had enough characters to make a passable B grade movie. None other than Xi Jinping toured the Chinchilla demonstration plant, Peter Bond [LNC CEO] wined and dined Roman Abramovitch [Putin's closest adviser] and at the same time LNC's SP was plunging [+$2.50 down to 50 cents]. At the time, Linc Energy seemed to be on the cusp of changing the whole way coal was exploited [underground gasification] and it attracted a lot of attention. Eventually it all came to nothing and everybody moved on. Making a few $$'s on a stock wasn't the game. It was all about ownership and control. [although CNX, with almost identical technology, did end up going to Chinese ownership]

    Anyway I had my cup of tea... and a lie down.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.