I agree with Smart dude.
Hello All,
While I posted a while ago in reference to UCG GCL POLY
I was shouted down by the die hards.
I think it's significant that the CEO has resigned even after the GCL Poly deal was announced and gone to Cougar Energy.
I say this because there are share options involved and if he thought the GCL Poly was a goer he be unlikely to leave.
His options would be worth a fortune at $3.00 a share!!
J Peters has also left I predicted this last year. He is a long time confident of PB he too had options!!
Frankly I do not believe any of the UCG is a goer.
LNC left all ambitions of alturnative energy when it spent all of the $500 M on OIL assets.
If you guys were at the racetack and you had a nose for a deal you'd follow the money.
Look at where LNC Energy "smokin gun" points to ....The total spend is OIL the Total revenue is Oil.
The rest is now a side show LNC is what it is a "junior oil explorer" the rest is a story
Most will learn a very hard lesson if you are stubborn and refuse to look at the evidence objectively.
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