There's clearly no one in head office that has a clue here. How can they possibly not get some funds to keep going. If LNG9 were the best option then where's option 2 or 3 or 4? Why aren't shareholders being consulted and briefed on these other options?
There are two weeks of liquidity left. Is the last piece of correspondence going to be a gutless ASX announcement declaring bankruptcy? Surely it doesn't end like this, the absolute worst, most unthinkable demise of such a promising venture.
I'm now convinced that macro conditions have become a convenient smoke screen and there are organisations engineering this failure in order to snap up the assets off market only to rejuvenate the venture in 18 months to 2 years. I'm not sure who's doing it but I think IDG, LNG9 and Baupost might have an idea.
Disclaimer: ALL IN MY OPINION. Any reference to people, businesses and/or organisations, real or imaginary, is purely coincidental.
LNG Price at posting:
5.6¢ Sentiment: None Disclosure: Held