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"they do over all existing shareholders, take the leading...

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jwhiteman

2,366 Posts.

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28/05/20

15:21

Post #: 44897295
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Originally posted by sparkie1: ↑

That’s right.

Essentially to what I understand is that magnolia lake Charles and associated osmr tech has been sold off for 2mill,

If it gets more funding then we company are promised some more money or shares.

What are we left with? Bear head and license to run osmr in that location only.

Where to for lake Charles? My take is that the touted moving to u.s exchange was too challenging... or even impossible.... so by selling it off for nothing... they do over all existing shareholders, take the leading project at lake Charles and osmr , and leave Aus LNG with bear head and whatever else. Who knows then what will happen?

I wouldn’t be surprised if they then do an IPO in USA and all the big players recoup their losses experienced on Aussie version of the red ant with another version of cheniere... we all saw how much that topped out.

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"they do over all existing shareholders, take the leading project at lake Charles and osmr "

Who are you claiming is "they" in this scenario?

LNG Price at posting: 4.3¢ Sentiment: None Disclosure: Held
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