Australia's largest stock trading and investment forum Australia's #1 stock forum

LNG

Click for more information

0.00%

4.3¢ liquefied natural gas limited

Ann: LNGL Comments on Vietnam Power Development Plan 7 Approval, page-26

First 26 Last

Share
Profile

Follow
mbatista

903 Posts.

72

29/12/19

05:46

Post #: 42152454
Share

Originally posted by MoneyBags1348: ↑

"why do you still hold???"

"Just goes to show that some 'contributors' on this and other HotCopper forums are simply plying their own agendas to suit their particular needs. Way too much white noise here now"

"Anyone blaming management when there is no substantial justification is simply trying to shift the blame for their own investment decisions away from themselves"

Well FD I agree there’s way to much white noise here, but as far as other comments;

It’s pretty obvious why people hold, and it’s been obvious for so long I don’t know why questions like those above continue to be put on these threads, because I’m pretty sure deep down nearly everyone knows why!!

Many holders continue to hold because they don’t want to face the losses they would incur if they sold at the current price. They hold in the hope that one day the binding contracts required will be signed and they will be able to get at least some money back. And in the meantime they vent their frustration at management.

Why blame management?

Here are a couple of reasons (FACTS!!)

Because since 2016 (following GV’s tenure) LNG has made no less than 9 market release statements forecasting (and or stating) that they were finalizing offtake agreements, going to achieve FID, have the whole facility contracted, and begin construction by 2018.

LNG management then perpetuated these market releases with other statements such as “No one is horse-trading”; It’s not a matter of if, it’s a matter of when”; Confident of signing offtake agreements with credit worthy buyers later this year or early 2018”; “Talking about deals up to 25m tons”; “Likely finish selling remaining capacity at Magnolia by the end of 2018”; “Expected to make that call by the end of 2018”; “Confident of reaching FID whether or not China participates”; “Expected to make FID in the second half of 2019”....

There are many more statements than what's above, I’ve lost count of the times management said they were “Confident of”. This information has been posted before as everyone here knows!! I’m over reading speculative and half baked fact less comments when everyone who has held shares in this company and commented on these threads knows exactly what has transpired.

Why should share holders hold the CEO accountable?! Re read the above paragraphs, particularly the sentences highlighted. What have we got from management? Excuses!! Since GV took charge I haven’t seen any acknowledgement offered up by management.... it took a share holders vote at the last AGM voting down two directors and voting ‘No’ to GV’s Performance Share Rights to get some acknowledgement.

So every time someone tries to void this company’s accountability and responsibility to share holders who have poured money in to pay management’s salaries, I’ll repost these facts, possibly in larger font.

Expand

"Because since 2016 (following GV’s tenure) LNG has made no less than 9 market release statements forecasting (and or stating) that they were finalizing offtake agreements, going to achieve FID, have the whole facility contracted, and begin construction by 2018."

Nope. The company never made a statement that construction will begin by 2018. You made that up.

As far as finalising sales agreements, the Vietnam agreement shows that this is likely to be true.

LNG Price at posting: 19.0¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

MDI

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

ASX hits all time high out the gate on Friday trades following bullish US inflation data

AII

Almonty locks in govt agreement for tungsten oxide plant in South Korea

BHP

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

NIM

Nimy to raise $1.21M to explore 'newsy' WA targets

IMM

Immutep reports strong response rate from immunotherapies treating carcinomas

Bitcoin investors need to know the risks

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

SKS

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

There are more pages in this discussion • 7 more messages in this thread...

First 26 Last

Add LNG (ASX) to my watchlist