Is Linc Energy a fairy-tale?I’ve been following a small Australian energy company pushed by Dr. Kent Moore months back. Linc Energy LNCGY. They seem to be warming up for a major push into their Australian Basin find in Queensland. They are moving some heavy hitters from the Singapore Exchange onto their board. They are about to move from the ASX to the Singapore market. They claim to be seeking to unlock ignored value by hanging with the Asian investors in the own neighborhood. The Russian Olagarcg that owns the Nets has also been making deals with Linc. Just maybe something big is about to happen. Anyone have any info on Queensland’s attitude toward fracking?
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The switch has been made from the ASX to the SGX, trading suspended – any thoughts on whether to hold and carry it over to the SGX? Higher holding costs for Aus investors but it does seem there’s potential for them to gather some speed!
Everything I search out seems to lead to a positive future. The Asian connections keep growing and the SGX listing might really send them climbing. They are definitely not a fairy tale. Peter Bond has a ton of his own money tied up in this. He is one of the wealthiest men in Australia. He seems determined with large rocks. They are looking to unload their coal assets for over half the present market value. Their cap seems OK even without anything from the shale find in Australia. If that turns out to be feasible this small ambitious outfit could be a moon shot.