As to what we will actually get to is anyone's guess. My speculation for myself is that we may not see any major pullback until after the SA report at least. I don't think PB would have instigated a SA Independent Report if his expectations were low.
There is also the QLD UCG Independent report (a mate more facetious than I speculated that it may not come out until the CXY matter is finalized so as not to further damage the QLD Gov. defense. Does anyone actually think a State Government would do that?) and Umiat drilling results awaited possibly some time later this quarter.
I agree that the long awaited GCL deal being finalized could change everything as well. Or for that matter GCL could get trumped as first cab off the rank (commercially) by India, Africa, Poland and the list goes on for UCG or UCG/GTL. Especially now that Linc has seemed to pin down OCG, AFC and the level of successfully trialled technology and engineering which has been met and ready to move forward to commercial phase if one was to take the allegedly secret trials at Chinchilla. It may seem that Linc is now at the top of the pyramid for UCG and it's applications.
The simple fact is, like most, we don't know when the ride will slow or backtrack. As we know, there are too many pots on the boil with any number perhaps seeing further significant acceleration to the SP. These are what is basically staying my hand away from the sell button.
No one ever loses money taking a profit, even after tax. One generally has to work out what is best for oneself. As to whether we get to $2.50, $3, $4, $5 or more this year only hindsight will be accurate, unfortunately.
I do think Credit Suisse has mostly been accumulating for someone/s, when they will cease though is also anyone's guess. The track record suggests they do seem to start and stop to give the SP a chance to settle, which is fine by me.
As I said, with so many pots on the boil, for myself, I will simply keep these in the drawer at least until after the quarterly and SA Independent report. Most probably I will end up riding this for 2013 as I consider it may be a very interesting year for Linc.
Good luck for your own decisions, they certainly aren't going to be easy.
LNC Price at posting:
$1.96 Sentiment: Buy Disclosure: Held
