the wording in the ann is “thru 2030” not “until 2030”in my...

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Takings

254 Posts.

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13/02/20

10:06

Post #: 42904533
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Originally posted by Luckystrike: ↑

Mate, your'e missing one very key point here: LNGL does not have any gas to supply. They never have. This has always been their Achilles heal. They have rights to lease a site (Magnolia), on which they will build a liquefaction facility with their in house intellectual property. They need to either:
1) purchase gas from a supplier and market LNG themselves (e.g. to new Fortress Energy); or
2) they can charge a gas supplier a fee ('tolling fee') to use their liquefaction facility and let the gas supplier market the LNG themselves.

Rest assured: if LNGL had signed any deal they would have provided details to the market by now - as they are required to under ASX disclosure requirements - notwithstanding the other driver of wanting to save their own necks...

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the wording in the ann is “thru 2030” not “until 2030”

in my opinion it’s a crafty ann that suppresses the suppliers name (which you don’t do for a small order) and does not quote the capacity on a mpta basis. Using “thru” rather than “to” or “until” likewise is vague

Last edited by Takings: 13/02/20

LNG Price at posting: 11.5¢ Sentiment: Buy Disclosure: Held
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the wording in the ann is “thru 2030” not “until 2030”in my...

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