where are we at this point in time

I think Linc is at a pivital point now.
Clearly expected deals are struggling to get done.

Any shale deal looks unlikely in the short term as the 70 parties that were looking at the data would have made a move by now.

The UCG Exarra deal should have been finalised last month and was not which suggests either legal problems regarding IP rights or the terms are not that good.

Quarterly oil production for the 3rd quarter still has not been released which suggests to me the increase is not that big.

The quarterly cashflow is due out on 30 Apr I my guess is the cashburn will be worse than forecast plus this quarters cashflow won't be that flash either which is why they raised extra cash.

Teresa is going nowhere as Coal is unliked.

Admin costs keep going up as they continue to recruit extra staff.

UCG in Queensland won't happen in the short term even if approval is given as the costs are just too high in Australia (Woodside cancelling thier project are a good example).

UBS are selling out of the stock for a reason.

Still no Alaska drilling results which is worrying.


Basically Linc badley needs some good news or I believe the SP is going back to $1.00