"Bond said the company planned to hold on to its Teresa coal project and Great Northern coal leases in Queensland for now.
"We're still in talks with people, but it's got to be the right joint venture and the right money," Bond said of the Teresa project, where the company is continuing to drill.
"That asset is getting better every month, every quarter. We're in a high coal demand period at the moment. So it would be nice to revaluate that for what it's fully worth," he said."
By saying that he's in no hurry to sell, gotta be the right JV, gotta be the right money, we're continuing to drill, asset getting better all the time etc etc etc he's also letting the potential buyer know that he's not desperate and won't let it go cheap.
LNC Price at posting:
$1.16 Sentiment: Buy Disclosure: Held
