Was that you who just splashed out on 4000*100 = 400,000 shares at call on 10c Boris?
I wish you all the best with that...bloke your going to run this stock down no matter what happens for your own reasons - you and a few others who show up at times like now...
In fact I was just re-reading a piece on the GLNG and realised that the numbers I'd be assuming were not correct - from September 2015:
"The group estimates that the Gladstone project is cash flow positive at an oil price of $US40 a barrel and an Australian dollar at US80¢. With the $A at about US70¢, the break-even price is down to about $US35 a barrel, 28 per cent below the current price of Tapis Crude, Asia's oil price benchmark."
Now were till around 70c so GLNG has a break estimated at around $US 35 a barrel - we already know PNG LNG is a cash cow but GLNG is making around $10 a barrel on lng - that's not losing money Boris......even as I check the BRENT POO is $45.20 and the spot price is higher.....
GLNG is making about $10 a barrel - Santos would get $3 to reflect their 30% share PLUS they manage the GLNG so they also get management fees...which I can't find but will no doubt begin showing up in the financials..
PNG LNG pull in the cash - GLNG makes the cash both in a low POO environment so they keep cost cutting which will only improve that position..
Boris I anticipate a negative from you please if you want to engage with me make it accurate
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