Analysts have tipped Linc Energy Limited (ASX:LNC) could gain up to $450 million for the sale of its Teresa coal tenement in Queensland.
At the beginning of the week Linc said the sale process for Teresa had now progressed to the final stage of negotiations with the top four bidding groups, prior to binding offers.
The Australian Financial Review says RBS has published a note advising that the market for acquiring such assets remains robust. RBS is confident in a Teresa calculation of $447 million of $0.89 per share.
Linc says after current negotiations are complete it aims to reach a binding agreement with one of the parties, supported by a cash deposit.
Linc Energy recorded a net profit of $327.6 million in the first half of the 2011 financial year.
