• Australian (ASX) Stock Market Forum

Hello and welcome to Aussie Stock Forums!

To gain full access you must register. Registration is free and takes only a few seconds to complete.

Already a member? Log in here.

LNC - Linc Energy

Discussion in 'Stocks I-P' started by noirua, Jul 25, 2006.

sentifi.com

Aussie Stock Forum Sentifi Top themes and market attention on:

  1. cruise61

    cruise61

    Posts:
    49
    Likes Received:
    0
    Joined:
    Sep 16, 2008
    Are you serious??

    On 15th senior official from Xinwen says nothing is set.

    On 16th Peter Bond says there is??

    If your smart you will listen to the man with the money not the man without the money waiting.

    My view is ,dont throw money into an empty pot because someone says it will grow, wait till the person whos gonna fill the pot does.

    Goodluck :D
     
  2. basilio

    basilio

    Posts:
    7,715
    Likes Received:
    1,288
    Joined:
    Jun 30, 2008
    Well Linc is not looking that flash today. Down to 3.10 in what is an otherwise rising market.

    By the way is the pilot plant actually producing diesel fuel? Came across an interesting comment on another site which pointed out the release talked about "liquids" . The release then showed a picture with a car next to a Linc bowser which is there to suggest the fuels are able to go straight into a car.

    But perhaps the plant is still one or more steps away from coal to car ?:confused:

    Having a dynamic, driven CEO like Peter Bond does keep up the excitement and the share price. But there also needs to be an honest reality behind the story.
     
  3. Pigsy

    Pigsy

    Posts:
    28
    Likes Received:
    0
    Joined:
    Jul 19, 2008
    On a day where everything couldn't help but rise, LNC is 5% down and touched $3.00. Lucky it just didn't tank from there as there's a lot of vultures hanging around at that price. Has LNC run out of puff?
     
  4. korrupt_1

    korrupt_1

    Posts:
    454
    Likes Received:
    0
    Joined:
    Sep 23, 2007
    LNC's poor performance could be because oil prices are going down and the expectation that it could hit $50/barrel in a few months. Not so good if it costs $28 to produce from coal.

    I sold out half of my holdings in LNC a few days ago... looking to buy some back tentatively if and when it gets back to support at around $2.50:2twocents
     
  5. basilio

    basilio

    Posts:
    7,715
    Likes Received:
    1,288
    Joined:
    Jun 30, 2008
    LINC's oil market is in 3 years time. The current collapse in oil prices is the unwinding of much speculation and the crunch of a collapsing world economy. But oil is running out rapidly and in a very short period of time falling supply will meet lower demand. But then the supply will still fall while demand tries to rise...:eek:

    Linc could have an excellent window of opportunity to develop its infrastructure more cheaply in the last stages of this crunch. I think the concern of the market is the dragging out of the Xinwen coal purchase and perhaps queries on the exact nature of the liquids coming out of Chincilla.
     
  6. bloubul

    bloubul

    Posts:
    10
    Likes Received:
    0
    Joined:
    Oct 16, 2008
    I agree with your first comment re Linc's market in 3 years time.

    There's been a few comment now made re the nature of liquids produced at Chinchilla. The main objective was to get liquids produced and over the next 3 months or so get the catlyst reaction fine-tuned as to maximize the quality of the liquids. One must keep in mind this is the "proto-type" for the commercial plant and I would be more concerned in 3-4 months time if results of ongoing tests are not released to the market. Patience is the key here... LNC has only started producing liquids 2 weeks ago.

    Cheers
     
  7. basilio

    basilio

    Posts:
    7,715
    Likes Received:
    1,288
    Joined:
    Jun 30, 2008
    Very good point bloubel. As you say makes perfect sense given the prototype nature of plant.

    I'd say this has been overlooked in the presentation of the plants progress. I suppose we all want to see everything now and clear where the reality is that new production processes have to be refined as a matter of course.
     
  8. Mickel

    Mickel

    Posts:
    577
    Likes Received:
    0
    Joined:
    Jun 4, 2008
    Oil prices are still falling- down to USD $65pb- so you may get your chance to buy back in Korrupt. LNC currently around $2.56 after low earlier today of $2.52.

    The s/p is becoming very attractive to die hard supporters. I am considering buying more myself.
     
  9. ca1987

    ca1987

    Posts:
    5
    Likes Received:
    0
    Joined:
    Feb 22, 2008
    Very unerving (i think that is the correct word) though.

    you would be cheering if you day traded all the way up to $5, can just start from scratch now!
     
  10. Tweaksta

    Tweaksta

    Posts:
    7
    Likes Received:
    0
    Joined:
    Jun 12, 2008
    $2.25 - wow great price to buy.....but a little bit disturbing for those who bought in at $4 or more (like me perhaps!)

    Getting smashed today - aaarghhhhh!

    It's such a mental battle at the moment. Sometimes I feel like capitulating. Must stay strong.
    Must stay strong.
    Must stay strong.
    Must stay strong.
    Must stay strong.
     
  11. cruise61

    cruise61

    Posts:
    49
    Likes Received:
    0
    Joined:
    Sep 16, 2008
    And still i dont think its the bottom for today:banghead:

    maybe 2.15 lets see will be an interesting day for all shares:mad:
     
  12. joestjack

    joestjack

    Posts:
    24
    Likes Received:
    0
    Joined:
    Jul 8, 2008
    At these prices, surely common sense has to prevail and see people buying up.

    If I had spare cash I know I would.

    It's amazing that it built up to over $5 in anticpation of liquids production, and now they've done that it's done almost nothing but fall.
     
  13. Pigsy

    Pigsy

    Posts:
    28
    Likes Received:
    0
    Joined:
    Jul 19, 2008
    Yep must stay strong!

    Check out the market depth. There's a lot holding for higher prices in the $3.50+ range, and they're only the open orders we can see there'd have to be heaps more conditional orders on hold at those higher prices.

    Remember the chooks fly the coop early in the day (selling) and come home to roost at night (buying). There's a lot of day traders looking for the quick buck in this market so I guess the volatility on LNC is going to remain.

    Probably the worst thing for LNC was moving into the ASX200 now it has a much higher profile, it's easy pickings for the one day warriors. Guess we should be lucky there's no short selling currently as it might be hammered further.
     
  14. korrupt_1

    korrupt_1

    Posts:
    454
    Likes Received:
    0
    Joined:
    Sep 23, 2007
    i don't think it would matter much.... shorters will HAVE TO BUY BACK eventually to square off their position. covering their shorts will cause LNC to go back up. It's all fun and games.
     
  15. Miner

    Miner

    Posts:
    2,978
    Likes Received:
    500
    Joined:
    May 2, 2007
    Where is Grace ?

    She has put LNC in stock competition and got an overwhelming first prize win. What a lucky guess.

    Would be interested to see comments from her (assuming the right gender) on LNC perspective
     
  16. awg

    awg

    Posts:
    1,711
    Likes Received:
    9
    Joined:
    Sep 25, 2007
    apart from any other factor, one good reason Linc SP has been smashed is the obvious absence of any dividend payments in the near future.

    in my portfolio at least, i have noticed the good div payers have fared much better than the small div payers, non div the worst
     
  17. Glen48

    Glen48 Money can't buy Poverty

    Posts:
    2,444
    Likes Received:
    0
    Joined:
    Sep 4, 2008
    When OIL gets to $50 a barrel what will LNC be worth then maybe a name change to Stink?
    I am just watching my money go down the plug hole and could buy back in at about $1.50
    Go a bit in ORG who seem to be holding...
     
  18. grace

    grace

    Posts:
    1,246
    Likes Received:
    0
    Joined:
    Nov 9, 2007
    Gender correct Miner (not many females on this forum, but I am certainly one of them).

    Chart not looking flash at all. Broke through significant resistance there at $3 I thought. I free carried my Linc holding a little while ago, but it still hurts nonetheless.

    I've been a believer for a long time, and still am.

    Mexican is full of good advice by the way. How are you going Mexican? Still hanging in there?
     
  19. mexican

    mexican

    Posts:
    210
    Likes Received:
    0
    Joined:
    May 27, 2007
    Yes Grace still here.
    Just waiting for that smoke screen to clear. Pretty thick at the moment!
    Another week and we should know if the China deal goes through. That should get the ball rolling again.
    If they pull out................hang on to your hat!
     
  20. basilio

    basilio

    Posts:
    7,715
    Likes Received:
    1,288
    Joined:
    Jun 30, 2008
    Another perspective.

    It is disheartening to see our "beloved' Linc fall more 50% from its heights. Then I look at the rest of the market and see far larger percentage falls in companies that are already producing excellent great value resources, are giving a current dividend AND making announcements on resource finds that at any other time would see the stock soar.

    For instance KZl (Kagara) has dropped from $6.90 to $1.01 this year, is yielding 11% and has just announced some great Nickel discoveries.:(

    The current market situation is unlike anything we have seen in living memory. The destruction of trillions of dollars of value in paper transactions has attacked the foundations of the real economy - physical resources, worthwhile goods and services. And most clear eyed analysts would say the damage has just begun.

    Hopefully Linc is one of the real companies that does survive and prosper because it's product is so fundamentally essential to our survival.
     
Loading...

Share This Page