Directors will provide an update very soon. There has been no logic to some of the posts - understandable I suppose for investors to be fearful, but if you stand back and think logically, investors will realise that this is a hurdle for LNG Ltd and not the end. They have a great asset and if Arrow doesn't want to proceed there must be many others in the wings. We don't even know as yet that Arrow does not want to proceed. I have no doubt that there will be an announcement very soon to clarify all this. Until then the share price can go lower because of fear. That is okay - if you are fearful then you sell out. If you can stomach the uncertainty for a short time and unemotionally look at what LNG Ltd has, I think you will recognise that the rapid decline in share price is only an emotional reaction to the AOE-Shell announcement. I am not trying to ramp it, it's just how I see it. Of course I don't like to see the price fall but I am willing to give it some room and time for the directors to work out what to do after this takeover news.
LNG Price at posting:
54.0¢ Sentiment: None Disclosure: Held