I would take the risk. 68c for such a high potential company...

I would take the risk. 68c for such a high potential company worth biliions in the near future. high risk=high return. Lets just talk about teresa only. Teresa was about to sell to Xinwen China ( ranked top 10 coal miner in China, rival of Yancoal in Shandong Province China) back in 2008. I would think that some one will come back for it for simple reason: PCI coal. After Macarthur was taken over by Peabody, PCI producer is on top list of take over now. i would say LNC should only find JV partner rather than sell Teresa. At lease it will have long term cash flow.
Someone also says that LNC lives on loan. If there is no potential return, who would lend $$ to LNC? i do believe these private equity and banks are much smarter than us. so why should we worry? If you dont have guts, go to buy Telstra, at least you get dividents. ......