lng snapshot, page-67

Hi invest,

It's disappointing from a share price perspective but longer term it's for the best.

The Chinese were always going to sell at some stage so to get them out now is good.

I don't think they have been responsible for any selling today on reflection.

Having read the announcement again they have obviously decided to retain 10 million shares and have a member remain on the board.

If they wanted to exit fully the opportunity was there to do so.

The pressure this morning would most likely be coming form Fosters who managed the sale of this stock.

I can only imagine that some of their bigger clients might have sold this morning knowing they were able to get back their holdings back at 55c. A broker loves to make the phone call to a client and tell him we can get you out at 80c plus and give you back your stock at 55c

I haven't spoken to Fosters but this is a distinct possibility.

Brokers are in the business of making money and doing business. This is what they do. So I imagine there would have been a portion of this stock go to their best clients who have supported LNG at lower levels possibly the last placement at 30c who had the wonderful opportunity to get rid of some this morning to get replenished at a lower price.

I wish I had that opportunity, as we all would.

Almost 2 million were done at 80c so there were plenty sold for others to pick up if they wanted some.

The big winners were those that sold yesterday because good fortune has smiled upon them through unforseen circumstances
to enable them to buy back much cheaper.

It comes down to luck. Sometimes you are lucky with the decisions you make.

The stock was going to open above 1.00 this morning and would probably be trading anywhere between that and 1.10.

But that's life, we can't do anything about it. As I said it's a good thing that the chinese don't have that stock any more where they could inflicted damage at some later stage.

Cheers.