mbat it seems that you never take a rest from these threads,...

mbat it seems that you never take a rest from these threads, even on a Sunday. Your assumption that I made up LNG saying that construction will begin by 2018 is incorrect. But to actually be more correct, what I should have said was:

The statement made by LNG’s management during their meeting with the Directors of The Port of Lake Charles on 27^th March 2017 was: “Construction on the Magnolia facility is expected to begin later this year”


Here is a little more information related to this statement for you to research and digest:

ASX Listing rule 3.1 is the primary rule concerning disclosure of market-sensitive information. It says that a listed entity must immediately tell ASX of any information of which it is aware concerning it that a reasonable person would expect to have a material effect on the price or value of its securities.

Where a listed entity is found to have not had a reasonable basis for such statements, then it will usually be held to have misled the market and be liable under section 769C of the Corporations Act.

Forward-looking statements will trigger an obligation under listing rule 3.1 when the entity knows sufficient information to reasonably indicate that a material prior statement will not eventuate as predicted.


Now please have some regard for those who prefer to have a rest on Sunday!!