Fresh From The Cupboard, page-952

mcm I read of your reply to me and you made the effort to write a long post, which on one hand I appreciate, and on the other hand I think it wouldn’t hurt you to look at it introspectively.

In your post you say:

“Well all hail to the sage of all things LNG”

“Your views are colored by a very jaundiced view of LNG because of the huge losses you've made by selling out most of your holdings and I'm sure you feel vindicated whenever the share price falls”

“I also want to say I feel for you because you sold out at a considerable loss when the share price was a lot lower than it is now”


It’s no good opening with mocking comments, assuming you know the reason for my views, and then adding you "want to say you feel sorry for me because I sold out when the share price was lower than it is now".

Firstly I’ve never presumed to be a sage at anything, and on a number of occasions I have sought information and accepted advice from posters on these threads.

As far as: "feeling vindicated when the share price falls" and "selling out when the share price was a lot lower than now", those comments are thoughtless as I have never said I’ve sold all my shares, the last time I did sell was at $0.55; and when the SP falls I assess whether to buy again or not, based on what I know!!

Believe me I’m tired of posting harsh realities about this company, but someone has to post the realities amongst what is an endless amount of ramping and uninformed opinions by people here, on top of the speculation constantly coming from management.

I know Timbo is fairly well informed, liaises with management, knows his way around management circles, travels to places including Magnolia, Nova Scotia, Singapore and Australia and has an affinity for his wine collection, yet has never accounted for inaccurate comments he’s made over the last few years, and yet so many people here hang off his every word.

Today he posted:“INO LNG.AX have China off takers ready to sign pending Jan resumption of Sino-US trade talks. If a broad deal is concluded (which includes addressing legitimate US concerns such IP theft and access to the Chinese market, as reported by FT & Bloomberg) and a deal is signed before March 1 (when tariffs rise to 25%), you would expect LNG export deals to follow”
Today three Chinese nationals were arrested over IP theft, and one of China’s main objective’s over the last few years has been to acquire (for want of a better word) IP’s from countries all over the world, and if you look into it deep enough, you will find they aren’t in the business of changing that objective just like they aren’t in the business of getting out of the South China Sea.

Twelve months ago he referred to GV’s comments that “We remain confident in signing offtake agreements with credit-worthy buyers later this year or early in 2018” by adding “And I also know that buyers are much more serious (supported by my industry perspective) and the shift in language from our very measured MD (which the Board signed off) should tell you all you need to know”

Over the last year he’s told us; Either put up or shut up; “Our time is nigh; A Capital Raise ain’t going to happen at these depressed levels; Bear Head is getting some serious attention; and suggested a number of projects simply won’t get up or will take longer than LNG to reach FID, including Jordon Cove, Tellurian and Venture Global.

In July this year he told us: Expect this (China / US trade war) to be resolved in the near-term.; and; As a reminder, MLNG will generate $50bn in revenues over 20 years (or $2.5bn pa).


As well as reading Timbo’s comments on the LNG macro analysis thread today, I read yours saying:

“Very interesting. Cant think why else this (termination of the Meridian extension) would be announced now”

The reason it was announced is because the extension was due!! Surely someone who does their 'DD' would know that!!


You then go on to talk about:

“Total Capacity” and “Desired Capacity” and finish by adding ... tells me it's more likely that someone wants the lot


With large, and already established brown field companies who already have relationships with buyers, only signing minimum amounts, do you really think Magnolia is going to sell “Total Capacity just because GV makes a vague mention of desired capacity!!


I know you went to an effort to reply to my post but I suspect it was more to defend your position, which doesn’t seem to change from speculating and uninformed assumptions.


It’s well and good for posters here posting whatever they want, but there are genuine investors out there who are reading HC and relying on this information to make their investment decision, so if more people posted honest, unbiased comments I wouldn’t be commenting as much as I do!!