I thought it might be interesting to go back and have a look at some of the 'warnings' I gave to (potential) LNC investors on Hotcopper back in 2009. I believe those historic discussions may provide insight on the current situation in which LNC and its share holder find themselves.
I've pulled up two quotes from my previous 2009 posts on Lnc but there's plenty more to read in the form link below, if you missed it the first time.
"my opinion is that they are a bunch of amateur boffins bumbling around a giant physics/chemistry set (with likely detrimental environmental consequences)"
"taking money from Mum and Dad Aussies to bloat their fortunes "