LICs and LNG, page-5

Billy,

""Must say in 30 yrs I have never seen a stock do this in a short time span - Dec to now.""

I guess the reason you haven't seen a stock do this is mainly because LNG has been fortunate to secure tremendous support from American Institutions. This has been paramount to LNG's success because without it, we simply could not have got to these levels at this point in time.

Once LNG is producing and the money is being earnt LNG will be at a higher price because it can be justified.

At the moment we are at these levels because the AMERICANS can see the potential and have simply come in and bought the stock in abundance.

I have stated many times in the past that LNG's share price will be safeguarded and protected as long as the U.S investors continue to like the story.

I am told that there may be a new group of institutions that could be wanting to get on board.

I am sure you would be aware of the success of Cheniere. That success has helped LNG to identify itself with these investors and whether it manages to copy cat Cheneire's success remains to be seen.

But it would appear at this point in time that LNG is still in favour with these institutions.

The only hiccup for LNG in the short term in my opinion is global nervousness.

That will impact world financial markets because the one thing markets don't like is uncertainty.

If sense prevails as it should, then LNG will continue to endear itself to institutions who will recognize it's upside potential and want to be part of it's exciting future.

Someone posted an article on Cheniere today. It's worth reading Billy if you haven't already.

Cheers.