I am not sure how profitable this project is. The recent announcement of restructure on the project clearly favours AOE. I guess LNG will only charge fees on the gas liquified plant, and no estimate on the fees will be charged??
Secondly, the directors worked out their remuneration the WRONG way. I don't care if they raise their salary or cash bonus, but issue options at call then sell to investors puts too much pressure on SP for a small cap stock!!
Given these uncertainties and recent falls in the overall market, I would rather get out and buy into other gas company e.g. AOE or KAR for short term rebound.
LNG has been downhill.. it did bounce to 1.20 (from $1+) on the restructure announcement then again kept falling.. very frustrating..
Love to see everyone making money but I have no more faith in this stock..Good luck to you all..
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