Ann: LNGL provides Update, will host Investor Conference Call, page-227

jkerr,

""It's not over yet, we are debt free and sitting on a valuable asset in Bear Head, in which case the possibility remains to sell for maybe USD $12m (AUD $19m based on current exchange rate) if the site has retained its value since being acquired in Aug 2014.""

It's worth noting also that when Maurice Brand acquired Bear Head the previous owners had spent about 110 million dollars on that site.

It was an absolute bargain. I remember having a conversation with him at the time and he was absolutely thrilled to get it.

The biggest problem I see however is that GV and his mates do not appear to have the smarts to make something happen that would be beneficial to saving LNG. Right now LNG needs someone with a little bit of business nous ( intelligence) to steer this ship in it's hour of need.
I am not too sure if anyone left on the LNG board is capable of doing that.
The one quality that they appear to have, is spending lots and lots of money. They have been very good at doing that .

Not much else I am afraid.