There is no doubt that these tenement sales are required to proceed to commercialisation of the GTL plants, the bonus is that PB may end up with funding to build 2 rather than 1.
Maybe Chincilla? Sapex? Wyoming?
2 rather than 1 what, Santoro ?
They are not going to be building anything, commercial or else, until proof of concept is complete and it is openly demonstrated to be viable, IE. figures from the demo plant showing quantity, quality etc of liquids produced..
To date nothing of the sort has happened .
Seeing the forrest from the trees seems to be a general problem for LNC shareholders at the moment, yes, while I agree the sale of the coal tennements will be great for the ballance sheet and put a floor under the share price, the big picture of turning coal into diesel is what linc is supposed to be all about, and doesn't anyone think that if the process can be proven, or is at least seen to work to some degree of success, that any ammount of big energy players or instos would be willing to back it with the necessary funding ..
As far as I'm concerned, these are the questions that need to be answered, and the sale of the tennements, are in the big picture, little more than a side show.
Have been a big admirer of Peter Bond until now, but there was no need for the spin doctoring over the last few months , should have told it straight and he would have a lot more credibility now, and, he showed little knowlede of dealing with the chinese, by blowing his mouth off in the first place by saying how great a deal it was for LNC, causing the chinese to loose face ..
That, you don't do, if you want a sound business relationship with them..
Am expecting to accumulate more shares as we drift along, because all said and done, linc have the value in the ground.
It's management needs to get back to basics.