Good call on Virgin particularly if you sold LNC at $2.50 to fund it.
But not all of the Adani money went to the oil assets - a lot of the Adani money will also flow once Carmichael production begins. Those oil assets production has been increased so if they were sold again today it would be reasonable to expect some capital gain.
LNC is all about future value in the case of UCG, or value in the event of a split and sale tomorrow of all the assets incl. oil assets , Teresa resource, and other assets around the planet.
Small chance of significant value increase if Uimat/Sth Australia exploration is lucky.
Reasonable chance of significant value increase if/when "minor legal issues" are resolved and GCL deal goes through.
LNC Price at posting:
62.0¢ Sentiment: Buy Disclosure: Held
