LNC
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0.00% 99.5¢ linc energy ltd

It is looking increasingly like the whole shooting match will...

  1. PennyP
    2,192 Posts.
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    10/09/16
    11:32
    Post #: 19067916
    It is looking increasingly like the whole shooting match will end if you believe this article.

    http://www.abc.net.au/news/2016-09-...al-proceedings-in-doubt-hopeland-coal/7822488

    Knowing the Corporations Act as I do, I can see the liquidators have a good legal point. It would just be a massive waste of public money.  If the issue at the base is to rehabilitate the Chinchilla site then that $ bond is already there. Go and rehab the site for gods sake.
    LNC Price at posting: 99.5¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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