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LNG liquefied natural gas limited

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4.3¢

Ann: Recommended Takeover Offer for LNGL, page-251

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evacuation

96 Posts.

03/03/20

00:18

Post #: 43269000

Originally posted by Vasso: ↑
Hi Guys, Been following your posts for a while and appreciate the info provided. Like most I have lost a lot of savings (>$70k). It’s a hard pill to swallow but I now accept it. It is a big shame to see funding could not be organised by the board members that get paid high saleries just to see it all go down in the final stretch. A lot of great things are happening in the market, trumps visit to india for trade and the temporary tariff exemptions for lng to China. It looks like we just need a bit more time...as I read the below article tittled “bail out offer” it sickens me to think someone will pick this up and complete the deal in the not too distant future whilst we all get the royal shaft.

Id rather see the assets go to charity or something rather than see some other mob pick It up for a bargain and capitalise on our losses.

https://www.google.com.au/amp/s/themarketherald.com.au/liquified-natural-gas-asxlng-receives-bail-out-offer-from-singaporean-company-2020-03-02/amp/

good of luck to you all on your future investments.
Expand

From the linked article:

"The company deals frequently with heavy-hitting Asian gas importer, Crown LNG"

I bet they do, given they're the same people....

Swapan Kataria Ashish Dixit Gunnar Knutsen Jorn Husemoen Andrew Hart Shubhankar Chaudhry
1 LNG9 Founder & Director Director CTO CCO Project Finance Country Head, India
2 Crown LNG AS Global Sales & Co-Founder Trading & Country Head UK CEO CFO & Co-Founder Project Finance South East Asia including India
3

President and CEO Chairperson

and this statement is incorrect:
"LNG also noted in its Friday press release that available funds are "insufficient" to sustain operations past this quarter — even with the Wall Street Capital leverage."

		Swapan Kataria	Ashish Dixit	Gunnar Knutsen	Jorn Husemoen	Andrew Hart	Shubhankar Chaudhry
1	LNG9	Founder & Director	Director	CTO	CCO	Project Finance	Country Head, India
2	Crown LNG AS	Global Sales & Co-Founder	Trading & Country Head UK	CEO	CFO & Co-Founder	Project Finance	South East Asia including India
3				President and CEO	Chairperson

Last edited by evacuation: 03/03/20

LNG Price at posting: 15.5¢ Sentiment: Buy Disclosure: Held

3 Upvote

0 Great analysis

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Ann: Recommended Takeover Offer for LNGL, page-251

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