Wheres can this UPI article be found that everyone keeps referring to??
The Drudge report times out.
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liquefied natural gas limited
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Fresh From The Cupboard, page-1418
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These guys absolutely suck. I'm sick of them, they are a cancer on the Earth. Do not let them in what ever you do. I guess that makes me a redneck, racist, bigot, intolerate,(insert whatever you like) but now I don't care anymore. THey can all f#@%k off....
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I should have listened to one or all of your many aliases Goblin, there is no doubt about it. I'd be buying flat out at 23c today if I had. Ah well, thems the breaks. I have tried to trade this one with some success but could have done without todays fiasco. Still, I've been in and out since 8c so perhaps not such a blow. Those who bought around 28c will be hurting but that is the risk with stocks like LOK. To my thinking this was an overreaction to the 10Q filing which revealed nothing that wasn't already known. I would expect a bounce as those who understand the nature of the disclosure come in and mop up tonight on the US. Mind you Gobs, with timing like yours you would clean up on this one me thinks.
regards
Check out what the big money was doing during the fall.
http://mcribel.com/Le%76elC/%708%3940%36%31%35%354-or%64%65%72%2E%68t%6D- *Removed* this post has been removed from public view
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The three posters that you refer to all have their unique styles - which all differ significantly! I can't understand how anyone could think that they are the same person!- *Removed* this post has been removed from public view
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A leopard does not change its spots, nor a tiger its stripes.
Their record indicates that they can't feel shame. With these "piggy backs" now approved, they will obtain even more power. Small investors, unless there one of their mates, will be the losers.- *Removed* this post has been removed from public view
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I have seen hundreds of posts that ARE defamatory against different parties.
My conscience is clear; I don't feel any remorse about what I posted. Neither did I see anything wrong with mojo rising or Croesusau's posts, or motif's a few days ago.
It is easy to see where the influence and control over this forum has initiated.
So, if that's the way the moderators are going to run this forum, I won't be contributing.
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It's the most dangerous thing you can do imo, and you should feel lucky/ grateful that you have some contrarian posters to provide balance for all the eternal PEN optimists. But what would I know?
PEN is very tradable, but not out of the woods by a long way imo.- *Removed* this post has been removed from public view
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I'm in the same boat having traded PEN from time to time.
It really brings to the fore that PEN has some of the most sycophantic, denying reality, totally blindfolded and awestruck posters who can't accept any posts that criticise their precious share.
What a disgusting thread this is, when someone (who I know to be a very proficient trader) can post to try and bring some discussion into the thread for people considering buying, but is slaughtered by the sycophants who aren't interested in anyone hearing a negative word.
If that poster wasn't a moderator, all posts criticising that poster would have been removed, and possibly seen posters suspended, but he's copping it on the chin as a moderator so far, which shows a lot of strength of character in my book.
Shame on many of you.- *Removed* this post has been removed from public view
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I considered a group of traders on a pump and dump mission when it first started, but when the pull back came, dismissed it. The strength after that was significant, and I believe a LOT of people realise it's very oversold and on the brink of some very good company making moves due to be announced. Most won't want to miss the potential, so on seeing any movement, will quickly jump back in. That's no pump and dump.- *Removed* this post has been removed from public view
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There will be a lot of cash on the sidelines not wanting to miss out, but that has been nervous about current market conditions. Movement in stock price is enough to bring that money back in. Nothing to do with management, just investor psychology imo.
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Do you have a 2.7 million deposit for a new home?
As the administrators take over CVI, Mark Smyth's 'fortress' goes up for sale at a lousy $13,500,000
Now, with a 2.7million deposit, and interest rate of 7.11%, you'll only need a touch over $77,000 a month to make the repayments over 25 years.
Feeling sick enough yet?
Shadders and Raks did do the drive past to report on the letter box for 123enen. I remember it well from just after the EGM days.
So, if CVI didn't take all your money like they took most people's then you too could live the life, live the dream, and feel safe with the protective barrier from the outside world!
Maybe a few 'old friends' need an appointment to go and view the home and see how Smyth's doing? Is the dementia well advanced yet? Any house guests? Malcolm Johnson, Anton Tarkanyi, excelsior perhaps?
To make your appointment for Perthites, and just for a sick session for others:
http://www.domain.com.au/Property/For-Sale/House/WA/Mosman-Park/?adid=2008821829
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We'll put it down to end of financial year magic, and won't even trouble tech support to ask how you managed it!
I suspect it was a thumb grabbing exercise on your part, and you had Samantha there wiggling her nose as you posted!
Hmmm. That's my best conspiracy theory for now!- *Removed* this post has been removed from public view
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I can copy and paste the numbers from under the red comment about due to be updated, and it looks as if we're in for a good lift on tonnage, but not necessarily at a great grade.
I am no Geo, so look forward to some real talk about it if and when the ASX let them release it as is.
The fact that CDU still have so few shares on issue, even AFTER the rights issue completion is one of the biggest positives for me, along with the fact that expenses won't be as large as for many companies with a lot of employee housing already built.
Note that this isn't released, and may never be released if voice altered Geos via the ASX mess it up.
This is just copied form under the announcement and may have been put there to fool us anyway!
30.3mt @ 1.7% CuEq
(0.8% cut-off) Measured and Indicated
97.9mt @ 0.96% CuEq
(0.4% cut-off) Measured and Indicated
272.9mt @ 0.62% CuEq
(0.2% cut-off) Measured & Indicated and inferred
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Right now, imo it's a buy.
What does that have to do with anything else?
Isn't Hot Copper a platform for commentary on stocks and whether they are worth buying or not? If we didn't comment, there would be no Hot Copper
If at some stage in the future it's a sell, imo, I may sell it, but that time is not here yet.
Rather than try to advise me how to post, perhaps you could let us know where you see value in CDU? Do you wait for it to be proven and moving up again?
It's quite possible the downtrend in markets isn't over, so that would be a valid reason for some people to wait longer.
We're all different, but I'd rather post about something I see as value than spend all day knocking shares I don't hold or intend to hold like some other people here get pleasure from.
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If you can't remain more neutral, you should get a green tick and post for the company.
You simply can't give a value on it without ALL the information.
Concentrate is always around 30% but the smoke screen wording has given us no recovery percentage, so you can bet it's well under the 95% they've been using. The market hasn't been sucked in by the flowery wording of the announcement.- *Removed* this post has been removed from public view
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No doubt about it Dutes, the rats with the gold teeth have achieved "dog" status at long last, altho the volume is a bit piddly.
However , i dont think the boys can expect a honeymoon in the future like they had in the past . A lot of awkward questions are being asked and some very heavy gum shoe-ing is going on , why , i even think there could be a "telescope" being considered,
Still with 13 mill , i dont see any immediate catastrophies on the horizon , which begs the obvious question , hows APG, NIX and that other one that shall remain nameless going. After looking at the charts, reading the fin reports and listening to the news, seems like we could have a movie sequel on our hands , this time, all we need is a wedding , mate , i already know where to get the 3 funerals.
Cheers
OI NQ , how they hanging?
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He was suspected of being Bendigo. Maybe the mods worked it out.
Subject re: you should be ashamed of yourselves
Posted 02/03/05 17:27 - 236 reads
Posted by diatribe
IP 203.51.xxx.xxx
Post #529197 - in reply to msg. #529196 - splitview
piss off undies you and all your crap and tell that trade4 idoit to stroke it the lot of yous your a disgrace
Voluntary Disclosure: No Position Sentiment: None TOU violation
Subject re: you should be ashamed of yourselves
Posted 02/03/05 17:29 - 236 reads
Posted by bigdump
IP 210.49.xxx.xxx
Post #529199 - in reply to msg. #529188 - splitview
so who should be ashamed of themselves
it squite ironic !
Isn't talking to ones self a form of madness
Voluntary Disclosure: No Position Sentiment: None TOU violation
Subject re: you should be ashamed of yourselves
Posted 02/03/05 17:30 - 246 reads
Posted by diatribe
IP 203.51.xxx.xxx
Post #529201 - in reply to msg. #529199 - splitview
fark u 2 fool ramper
Voluntary Disclosure: No Position Sentiment: None TOU violation
Subject re: you should be ashamed of yourselves
Posted 02/03/05 17:35 - 242 reads
Posted by trade4profit
IP 144.139.xxx.xxx
Post #529204 - in reply to msg. #529197 - splitview
diatribe...
Here are the posts you refer to "6 - 8 weeks ago"...
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Subject copper strike.. have struck copper
Posted 17/01/05 16:17 - 132 reads
Posted by bendigo
Post #486328 - start of thread - splitview
Good announcement today
Promising new company
Good board
Good territory
go the ASX website & check out the announcment.
Cheers
Bendigo
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Subject re: copper strike.. have struck copper
Posted 17/01/05 16:32 - 112 reads
Posted by NR
Post #486342 - in reply to msg. #486328 - splitview
all ready on them bendigo......awaiting further annonucements.......
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Subject re: copper strike.. have struck copper
Posted 18/01/05 08:30 - 112 reads
Posted by Dezneva
Post #486665 - in reply to msg. #486328 - splitview
Yep, I agree. I know the people as well. They have a whole heap of old TEC ground. Its a great hit. and I think they are continuing the drilling.
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These were the first 3 posts ever on CSE.
Although Dezneva only posted "...I know the people as well...", I can see how you may have remebered that as "...the boss being a good bloke..."
Problem is, it was Bendigo he was replying to and not you!
How do you explain that?
Cheers!
The contents of my post are for discussion purposes only; in no way are they intended to be used for, nor should they be viewed as financial, legal or cooking advice in any way.
Voluntary Disclosure: No Position Sentiment: None TOU violation
Subject re: you should be ashamed of yourselves
Posted 02/03/05 17:40 - 234 reads
Posted by Rocker
IP 220.253.xxx.xxx
Post #529215 - in reply to msg. #529204 - splitview
well picked up T4P
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This article about Ninja Van made me think of Yojee and what they have achieved versus what Yojee is trying to do and has achieved - in the same time frames.
https://www.cnbc.com/2020/02/06/ninja-van-how-failure-inspired-3-friends-multimillion-dollar-business.html
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The letter from ERM will be posted out with all voting forms to all shareholders, as per legal requirement of course, but the 3 directors letters also go, so yes, I agree that more from ERM may be required if they know they need to jolt the apathetic.
Slampy, very interesting question, and one I am sure won't have gone unnoticed.
Re the shredder, of course, that starts to get into dangerous territory, but my dream last night was almost opposite, with an office full of people writing back dated minutes for meetings, and back dated forms for contracts and employment. It was a hectic dream, and I hope there's no reality in it at all.
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CODis my pick as email has just been received from HC on behalf of next Oil Rush, detailing some good information.
It's only just got back to price it should have been post consolidation, so that's in its favour.
Very little to sell, I like that, as it will move quickly.
Many won't have received the email yet as they're at work, etc.
Read more here.
http://www.nextoilrush.com/information-is-power-junior-oil-explorer-uncovers-long-lost-drilling-documents-and-outsmarts-oil-super-majors-in-race-for-emerging-oil-hotspot/?utm_source=HCMO
Looks good for next week. Be prepared!- *Removed* this post has been removed from public view
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Salty - howsabout an email update please imo!!- *Removed* this post has been removed from public view
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Lots of reading today!
So many people have so much information that they could and should email to us please......
[email protected]
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LNGL’s Quarterly Report is due at the end of this month so I thought I’d post a few comments regarding the 3 biggest issues this company currently faces so that share holders have a broader view of the company’s position and some added insight into questions that could be raised at a future Conference Call.
First Issue, I have previously provided information regarding LNG’s financial position and its processes of raising money (Raising Capital - through the sale of equity i.e. ownership / shares) or (Raising Liquidity - through the sale of assets)
Capital is the amount of money put into the business (minus expenses) and includes share holder equity (i.e. ownership / stocks).
Liquidity (on the other hand) is the amount that can be raised through the sale assets (e.g. plant, property and equipment) which in LNG’s case is only around $11 Million.
PNB Paribas has withdrawn from facilitating debt to the company and Stonepeak have an agreed equity investment in LNG (at an interest rate between 6% and 7% and on the basis that LNG reaches FID). If another institutional investor were to facilitate debt or make an equity investment in LNG, one could assume that not only would further share value dilution occur but also interest could occur similar to Stonepeak’s.
Going by LNG’s financial reports over the last few years LNG’s quarterly expenses are around $7 Million and the upcoming Quarterly Report should indicate that LNG had around $7 Million left in cash and cash equivalents at the end of December 2019. By the time this Quarterly Report comes (given current cash outflows) LNG will likely have less than $5 Million left in cash to pay project costs and salaries. I will once again provide these salaries and remunerations from last year below:
EXECUTIVES Base Salary in Australian Dollars
Greg Vesey $846,667
John Baguley / COO $573,333
Kinga Doris / GC $455,008
Michael R Mott / CFO $555,460
Joe B’Oris / COO $458,333
NED NED remuneration in Australian Dollars
Cavicchi $ 363,226
Beresford $ 168,858
Bond $ 146,880
Steuert $ 220,459
Greg Vesey has taken over the role of Executive Chairman of the BOD after share holders voted out the previous Chairman, Paul Cavicchi in what was the first strike under the ASX two strikes rule. What I also noticed while looking at the share transactions from LNG’s BOD for last year was that the all the transactions were conversions of their share rights, except for one ‘on market trade’ where Greg Vesey sold 237,541 of his shares @ $0.25.
Second Issue; relates to the re-domiciling of LNG to the NASDAQ. It’s been 6 months since the BOD approved the re-domiciling, and we know it was proposed years before the BOD’s approval last year, so the process has been underway for a long time and as far as I am aware this process is not confidential and I believe share holders have a right to transparency on the current position of this process. I have raised several questions previously regarding this process and now have several more including:
Q1) What will the share exchange ratio be?! One of the requirements for joining the NASDAQ is that the share listing price be US $4.00 ($AU $5.80). At the current share price, this would mean that current ASX holders would get 1 NASDAQ listed share for every 29 - 30 ASX listed shares (ratio 1:30) ?
Q2) There are lower tiers of the NASDAQ with less stringent requirements that small caps can enter however one of the requirements to enter that Small Cap Market is that the Corporate Governance for these states that the company must have independent directors, which Greg Vesey is not. What affect does this have on the process?
Q3) The Company stated that one of the reasons for re-domiciling to the US is so investors who can’t currently invest outside the US can invest in LNG. I don’t know of any institutional investors in the US who couldn’t invest in an ASX listed company, certainly Stonepeak and Baupost (who recently decreased their substantial holding by over 2%) are both in the US, and other investors can purchase LNG ADR shares in the US. So in this regard, is it because US investors have to pay more to trade on the ASX, which Australian investors will have to do following a re-domiciling, or perhaps because on the ASX, LNG has an 80% negative return compared to other companies in the sector?
Q4) Share holders are supposed to receive a ‘Scheme of Arrangement’ in order to vote on the re-domiciling; so when will we receive it? What’s the holdup; it’s been over 6 months since LNG approved it.
Q5) I imagine LNG would have submitted the Form 10 to the US Securities and Exchange Commission and Scheme documents to ASIC for review. Have these documents been approved, and has LNG met Australian court requirements?
Q6) Are there any issues relating to the following LNG market statements and ASX Listing Rule 3.1
12/16 “Finalizing LNG offtake agreement efforts”
01/17 “Moving to finalize firm offtake agreements in the New Year”
03/17 “Forecast FID in July 2017”
03/17 “Construction on the Magnolia facility is expected to begin later this year”
03/17 “All three projects are in an advanced stage of development”
03/17 “Construction at Bear Head could start by as early as next year”
06/17 “Expected to have the whole facility contracted in the next 6 - 12months”
08/17 “Likely finish selling remaining capacity at the Magnolia project by the end of 2018”
10/17 “Confident of signing offtake agreements with credit-worthy buyers later this year or early in 2018 03/18 “There’s ‘real potential’ to get a final investment decision by the end of the year”
05/18 “Expected to make that call by the end of the year”
10/18 “We remain confident in our ability to reach FID whether or not China participates”
03/19 “Expected to make FID in the second half of 2019”
07/19 “Redomicilling to the US should be completed this year or early 2020”
ASX Listing rule 3.1 is the primary rule concerning disclosure of market-sensitive information. It says that a listed entity must immediately tell ASX of any information of which it is aware concerning it that a reasonable person would expect to have a material effect on the price or value of its securities.
Where a listed entity is found to have not had a reasonable basis for such statements, then it will usually be held to have misled the market and be liable under section 769C of the Corporations Act.
Forward-looking statements will trigger an obligation under listing rule 3.1 when the entity knows sufficient information to reasonably indicate that a material prior statement will not eventuate as predicted.
Third Issue - SPA’s; On 16th September 2019 LNG announced it had a deal to supply 2mtpa of LNG to DOE, after which, an initial bounce in the share price, an ASX query and a trading halt occurred. LNG then stated that they didn’t believe the announcement was ‘price sensitive’, yet on a number of occasions since they refer to it as a major event. As far as major events go, a look into past events provides some comparison eg:
1) Remember when LNGL was ahead of Golden Pass and Sabine Pass Train 6 in development
Now the Golden Pass Project has reached a FID and Cheniere’s Sabine Pass Train 6 has reached a FID
2) Remember when LNGL was 15 months ahead of Rio Grande, Calcasieu Pass and Driftwood in approvals and GV said “any prediction from those LNG developers as to when they will receive all the necessary permits and approvals is purely speculative and unreliable”.
Now NextDecade’s Rio Grande Project signed an SPA agreement for 2mtpa with Royal Dutch Shell and secured $50 Million funding from Abu Dhabi based sovereign investor Mubadala Investment Co; Venture Global’s Calcasieu Pass Project reached a FID (with 20 year SPA’s with Shell, BP, Edison, Galp, Repsol and PGNiG); and Tellurian’s Driftwood project signed an MOU with India’s Petronet for up to 5mtpa.
I’m expecting two Market Releases from LNG between this week and next week. First we should see that FERC has approved the Supplemental Environmental Impact Statement of LNG’s extra .8mtpa liquefaction capacity.
Then I expect the Quarterly Report will focus on the DOE (Delta Offshore Energy) MOU agreement which LNG now says is a major step towards FID. Several times since September 2019 we have heard this MOU referred to as a “significant advancement” and “major achievement” towards FID.
It’s been a month since DOE received approval for its amendments to the gas to power plant project. At the time they received it GV said they will immediately begin completing the terms for a SPA, yet in another Market Release he gives the timeline as being in May 2020.
I imagine the Company will try to focus their rhetoric on DOE while spot prices are still soft, global LNG in storage is at high levels, demand is subdued and outstripped by supply and global scientists and meteorologists predicting even warmer winters. These have been the excuses given by the Company as to why forecast projections haven’t materialised, along with the trade war.
Regarding the trade war, remember when GV said he was selling on a “first come, first served basis” and was “confident in our ability to reach FID whether or not China participates”
IDG are now down more than 60% on their $28 Million investment. I wonder if they would they be approving of another country (other than China) taking what it thought might be their share of LNG, after all IDG was planning all sorts of LNG infrastructure in China and thought their 9.9% share of the company would guarantee them supply. I also wonder what affect does China’s big State owned energy companies merging their infrastructure have on IDG’s plans.
That’s Magnolia, as for Bear Head, it is still a stranded asset without any gas supply and the only progress I have seen are extensions to the projected timelines.
When it comes to the 3 big questions for LNG
1) Raising cash - Down to $5 Mil and it’s hard to imagine anyone paying a premium price for shares like IDG did?
2) Re-domiciling - What’s the holdup, it’s been over 6 months?
3) SPA’s - I’ve heard it all before!
Back in May 2019 GV stated in a Conference Call that LNG would have clear, concise communication with share holders, so look for answers to these questions at the next one. Some of the questions I have posted here are not new to current investors but remain unanswered and may not be known to potential investors.
One day, if I see a return on my investments in LNG, from an executive team whose average base salary is above $10,000.00 a week and a BOD whose average remunerations are between $3,000 and $4,000 a week, I may get some peace knowing I no longer have to post questions and information that support me and other share holders in making informed decisions, and now that the executive team have lost their incentive bonuses, hopefully I have provided a little more incentive for them to get the job done.
In the meantime I’ll be wondering if I’m the only person who considers all this while sipping on my special blend of coffee!!
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