Ann: LNGL provides Update, will host Investor Conference Call, page-232

If cash runs out it will go into voluntary administration and trading will cease as directors seek to avoid any trading while insolvent

This, is in my view, is a reasonably possible end game at this point. I think LNG9 probably want this outcome so that they can buy the most choice assets in a fire sale from the liquidator

It is reasonably possible that other options do exist but these discussions will be commercial in confidence. Holders cannot be told much about them by law.

It’s not too late. I would believe they are in discussions. Unfortunately the LNG management have a tendency to be over optimistic so just how serious these options are is a matter of debate.

Certainly it’s more like gambling than investing at this stage.

I think out of business is more likely than survival (hence I have sold 98% of my holdings). But I see a buyout as more than a highly unlikely possibility.

5c or under tomorrow.