LNG 0.00% 4.3¢ liquefied natural gas limited

Ann: LNGL provides Update, will host Investor Conference Call, page-229

  1. 967 Posts.
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    There's clearly no one in head office that has a clue here. How can they possibly not get some funds to keep going. If LNG9 were the best option then where's option 2 or 3 or 4? Why aren't shareholders being consulted and briefed on these other options?

    There are two weeks of liquidity left. Is the last piece of correspondence going to be a gutless ASX announcement declaring bankruptcy? Surely it doesn't end like this, the absolute worst, most unthinkable demise of such a promising venture.

    I'm now convinced that macro conditions have become a convenient smoke screen and there are organisations engineering this failure in order to snap up the assets off market only to rejuvenate the venture in 18 months to 2 years. I'm not sure who's doing it but I think IDG, LNG9 and Baupost might have an idea.

    Disclaimer: ALL IN MY OPINION. Any reference to people, businesses and/or organisations, real or imaginary, is purely coincidental.



 
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