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4.3¢ liquefied natural gas limited

Magnolia LNG December 2019 Newsletter, page-24

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mbatista

903 Posts.

72

23/12/19

20:20

Post #: 42109625
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Originally posted by MoneyBags1348: ↑

I used your link, here's what I learned!!

Raising Liquidity Methods:

Reducing Overheads
One way a business can increase liquidity. Overhead costs or operating expenses include many things that do not produce a profit.... You mean like our Executive team and BOD!!!!

Reducing Unnecessary Assets
Businesses can shed unnecessary assets to increase liquidity. Businesses sometimes hang on to assets after the assets no longer generate a profit. (Actually I can't remember our assets ever producing a profit, hence hundreds of millions in accumulated losses!!)

I think you might find LNG’s net assets are made up around $7 Million of cash and under $12 Million in property, plant and equipment, minus whatever our liabilities are!! Hardly enough to keep the company going, and if they sell off the property, plant and equipment there doesn’t seem like much left to operate.

As for:

“Unlikely. This quarter is about to end. It will most likely be March quarter 2020”....OMG Really!!!!

Hopefully HC will allow my last comment as I thought it was pretty obvious the 1^st Quarter of the 2020 Calender Year was the one that the topic related too!!

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All very true. Thank you for posting it. Are you still holding?

LNG Price at posting: 19.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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