LNC 0.00% 99.5¢ linc energy ltd

Hello Slodog,Don't supposed you've been reading the headlines...

  1. 1,911 Posts.
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    Hello Slodog,

    Don't supposed you've been reading the headlines over the weekend?
    Greece is about to default on her obligations as the investment world holds it's breath.
    The Greeks are playing brinkmanship as their card is a similar one.They are the borrower and can't repay so it's the Euro zone's problem.They owe 100B about what Bill Gates and Warren Buffets combined net worth.
    Basicially the Greeks don't want to pay back this debt.
    The world cannot afford the Greeks to not pay back so they are devising as scheme to satisfy all the revelent interests.
    While this is going on all stocks have been sold off causing margin calls which inturn intensify selling.
    Hence, LNC's super long term announcements ie Umiat have not been able to attract more buyers into the stock.

    My Greek solution is one that involves China.
    I'd like to see China come to the rescue and assume all Greek debt and in turn Greece accept the Chinese Yuan as their Currency.Pretty much like Vietnam, Israel,Cambodia all use US Dollars.
 
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