Although some construction approvals pending (per article), appears green light / go forward given to Poland in advance of other potential sights with local plant equipment being sourced. I guess energy supply more uncertain in that part of the world & need to fast track development more critical. Qld's loss is anothers' gain , particularly with CSG issues of supply (given export orientation) , pricing pressures & environmental. This market dynamic change has also seen QLD government looking to refurb/ re start existing coal powered electrical plants as will be cheaper to run in an increasing gas price environment. Could this be good for Lncs Qld coal assets???
Anyway seems positive on UCG front , but can't help to question funding source ie. Activity seems to be increasing across all Lncs operations but wheres the money coming from. Is there another announcement to come....good luck to all.
LNC Price at posting:
99.5¢ Sentiment: None Disclosure: Held
