LNG macro analysis, page-1517

Happy New Year Possum.

I enjoy your usually well balanced posts and I started buying before they started. Good to see there is a skerrick of optimism still there.

My holding has tended to go up and down usually in opposite unison to the share price. Whilst I am not a large holder, I have taken the opportunity to progressively increase my holding of LNG by 140% over the last 2 years for similar reasons to those you outlined in your latest broadcast. This would never have been possible if the share price trajectory had continued upwards unabated. I am very comfortable with my LNG holding which is now the largest in my portfolios. In my opinion, the opportunity we saw is still there and closer than ever to being realised. LNG market conditions are favourable and I am most hopeful we will see further meaningful progress this year and a breakthrough or two are increasingly likely.

All the negative prognostications by the shorters and incessant naysayers in the meantime about why the fundamentals for LNG's business plan are wrong and doomed to failure have not come to pass although they have, in my view, with their agenda driven creative negativity helped to erode the price to a level that I think grossly undervalues the opportunity that LNG Ltd have created.

The dire forecasts of a huge price-depressing global glut of LNG has turned out to be merely a figment of imagination of the excitable young screen-jockey analysts employed by the merchant bankers and brokers. They so like to churn out their endless forecasts because they make money out of investors' changing perceptions, indecision and the consequent churning of stocks. If you look back you will see that it is not often that these opinion leaders are right, but they don't care as it is the volume of turnover that generates their wealth.

I'm looking forward to a good year in 2019 for LNG Ltd.