LNC has completed one loan of $100M a few months ago.
One loan against oil fields $230 M
Not sure that there will be too many more institutions lined up to loan LNC cash against no cash flow?
Yes LNC is a punt and punters have been buying since $3.00.
PB claimed LNC " cannot find a better investment in the world" When he committed LNC to buy back shares at apppox $2.00.
Nice to see you now pop up recommending this as a buy.
What is this high potential worth Billions come from?
Yes Teressa was about to be sold 4 years ago who says it's worth anything? Just because you have a coal mine does not mean you have a sale......Adani bought one Carmichael mine and is committed to spending $ 2 to 3 billion on a railway line.Who the hell has this sort of dosh to put down? Its too simplist an argument to simply claim Billions of potential. LNC is on the brink if no deal announced soon ....it will be back to the shareholders for cash.
Lets hope for the current shareholders sake GCL likes what they see and hands over a cheque for $60 M
LNC Price at posting:
68.0¢ Sentiment: None Disclosure: Not Held
