Ann: Magnolia LNG EPC Contract Extended, page-43

Its been quite a pleasant last 4 days for a change - a well deserved breather from the SP pain we are used to!

Very interesting how to interpret this mini surge. Of course there is renewed optimism in our story, with the beautiful position we find ourselves in, but can we attribute these gains to just speculation or the anticipation that our first BTA has arrived on our doorstep?! Tough to tell... the trading volumes and share prices leading in-to 3 significant announcements since 2015 are as follows:

Stonepeak Deal - In 9 days prior to that announcement on the 5th of July 2017, the highest volume was 1,688,517 with the SP trading between .54c - .57c. Then on the 5th volume was 13,299,000 with SP closing at .71c reaching a high of .77c

VGS HOA - In the 10 days prior to that announcement on the 23rd of January 2017;

23rd - Volume 16,627,866 SP closing at .96c reaching high of $1.01
22nd 9,105,342 .87c .97c
19th 8,809,590    .92c .94c
18th 5,181,443 .89c .90c
17th 2,143,088 .79c .81c
16th 5,967,184 .81c .85c
13th 8,399,622 .86c .86c
12th 3,740,886 .74c .74c   
11th 1,041,495   .70c .71c
10th   650,161    .70c .70c
09th 433,183    .70c .70c

Meridian Binding Agreement - In the 10 days prior to that announcement on the 23rd of July 2015;

23rd - Volume 13,063,960 SP closing at $3.64 reaching high of  $4.15
22nd 1,783,584 $3.91   $3.99
21st   1,560,768 $3.96   $4.01
20th 2,532,527 $3.92   $4.19
17th   3,271,276 $3.94   $3.98
16th 4,143,180 $3.70   $3.85
15th 2,042,481 $3.77    $3.87
14th 1,916,270 $3.78   $3.85
13th 2,930,284 $3.71   $3.89
10th 3,292,559 $3.89   $3.93

What's interesting is the market didn't value the Meridian contract as reflected in the drop in SP on the day of announcement. 10 days following that, on August 6th, the SP had plummeted to $2.50!

Our last 4 days read like this;

8th Jan  - Volume  9,551,490  SP  Close  .59c
7th 4,937,310 .50c
6th 3,417,398 .46c
5th   942,223 .43c

Today, tomorrow, Thursday will be telling to see if we're "in serious business" or if it's a false start...

Time to get off this rollercoaster and shoot for the stars!!

All the very best...