I would agree that current price is holding because of expectations for results from LEA-1. Probably also a higher petrol price helps too (as the production cost for Linc becomes more attractive in comparison).
However some of the previous increase in SP was on the back of expectations of a Teresa sale, so if no good news come out of Lea soon then some air will be let out.
Personally I am not sure why Linc would need now to sell Teresa anyway. Too much cash can make it a hostile takeover target for excess to the cash, and they already have quite enough for starters.
- Forums
- ASX - By Stock
- LNC
- today's announcement
today's announcement, page-6
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LNC (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online