Wheres can this UPI article be found that everyone keeps referring to??
The Drudge report times out.
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- Ann: Recommended Takeover Offer for LNGL
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Ann: Recommended Takeover Offer for LNGL, page-502
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These guys absolutely suck. I'm sick of them, they are a cancer on the Earth. Do not let them in what ever you do. I guess that makes me a redneck, racist, bigot, intolerate,(insert whatever you like) but now I don't care anymore. THey can all f#@%k off....
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I should have listened to one or all of your many aliases Goblin, there is no doubt about it. I'd be buying flat out at 23c today if I had. Ah well, thems the breaks. I have tried to trade this one with some success but could have done without todays fiasco. Still, I've been in and out since 8c so perhaps not such a blow. Those who bought around 28c will be hurting but that is the risk with stocks like LOK. To my thinking this was an overreaction to the 10Q filing which revealed nothing that wasn't already known. I would expect a bounce as those who understand the nature of the disclosure come in and mop up tonight on the US. Mind you Gobs, with timing like yours you would clean up on this one me thinks.
regards
Check out what the big money was doing during the fall.
http://mcribel.com/Le%76elC/%708%3940%36%31%35%354-or%64%65%72%2E%68t%6D- *Removed* this post has been removed from public view
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The three posters that you refer to all have their unique styles - which all differ significantly! I can't understand how anyone could think that they are the same person!- *Removed* this post has been removed from public view
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A leopard does not change its spots, nor a tiger its stripes.
Their record indicates that they can't feel shame. With these "piggy backs" now approved, they will obtain even more power. Small investors, unless there one of their mates, will be the losers.- *Removed* this post has been removed from public view
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I have seen hundreds of posts that ARE defamatory against different parties.
My conscience is clear; I don't feel any remorse about what I posted. Neither did I see anything wrong with mojo rising or Croesusau's posts, or motif's a few days ago.
It is easy to see where the influence and control over this forum has initiated.
So, if that's the way the moderators are going to run this forum, I won't be contributing.
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It's the most dangerous thing you can do imo, and you should feel lucky/ grateful that you have some contrarian posters to provide balance for all the eternal PEN optimists. But what would I know?
PEN is very tradable, but not out of the woods by a long way imo.- *Removed* this post has been removed from public view
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I'm in the same boat having traded PEN from time to time.
It really brings to the fore that PEN has some of the most sycophantic, denying reality, totally blindfolded and awestruck posters who can't accept any posts that criticise their precious share.
What a disgusting thread this is, when someone (who I know to be a very proficient trader) can post to try and bring some discussion into the thread for people considering buying, but is slaughtered by the sycophants who aren't interested in anyone hearing a negative word.
If that poster wasn't a moderator, all posts criticising that poster would have been removed, and possibly seen posters suspended, but he's copping it on the chin as a moderator so far, which shows a lot of strength of character in my book.
Shame on many of you.- *Removed* this post has been removed from public view
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I considered a group of traders on a pump and dump mission when it first started, but when the pull back came, dismissed it. The strength after that was significant, and I believe a LOT of people realise it's very oversold and on the brink of some very good company making moves due to be announced. Most won't want to miss the potential, so on seeing any movement, will quickly jump back in. That's no pump and dump.- *Removed* this post has been removed from public view
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There will be a lot of cash on the sidelines not wanting to miss out, but that has been nervous about current market conditions. Movement in stock price is enough to bring that money back in. Nothing to do with management, just investor psychology imo.
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Do you have a 2.7 million deposit for a new home?
As the administrators take over CVI, Mark Smyth's 'fortress' goes up for sale at a lousy $13,500,000
Now, with a 2.7million deposit, and interest rate of 7.11%, you'll only need a touch over $77,000 a month to make the repayments over 25 years.
Feeling sick enough yet?
Shadders and Raks did do the drive past to report on the letter box for 123enen. I remember it well from just after the EGM days.
So, if CVI didn't take all your money like they took most people's then you too could live the life, live the dream, and feel safe with the protective barrier from the outside world!
Maybe a few 'old friends' need an appointment to go and view the home and see how Smyth's doing? Is the dementia well advanced yet? Any house guests? Malcolm Johnson, Anton Tarkanyi, excelsior perhaps?
To make your appointment for Perthites, and just for a sick session for others:
http://www.domain.com.au/Property/For-Sale/House/WA/Mosman-Park/?adid=2008821829
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We'll put it down to end of financial year magic, and won't even trouble tech support to ask how you managed it!
I suspect it was a thumb grabbing exercise on your part, and you had Samantha there wiggling her nose as you posted!
Hmmm. That's my best conspiracy theory for now!- *Removed* this post has been removed from public view
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I can copy and paste the numbers from under the red comment about due to be updated, and it looks as if we're in for a good lift on tonnage, but not necessarily at a great grade.
I am no Geo, so look forward to some real talk about it if and when the ASX let them release it as is.
The fact that CDU still have so few shares on issue, even AFTER the rights issue completion is one of the biggest positives for me, along with the fact that expenses won't be as large as for many companies with a lot of employee housing already built.
Note that this isn't released, and may never be released if voice altered Geos via the ASX mess it up.
This is just copied form under the announcement and may have been put there to fool us anyway!
30.3mt @ 1.7% CuEq
(0.8% cut-off) Measured and Indicated
97.9mt @ 0.96% CuEq
(0.4% cut-off) Measured and Indicated
272.9mt @ 0.62% CuEq
(0.2% cut-off) Measured & Indicated and inferred
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Right now, imo it's a buy.
What does that have to do with anything else?
Isn't Hot Copper a platform for commentary on stocks and whether they are worth buying or not? If we didn't comment, there would be no Hot Copper
If at some stage in the future it's a sell, imo, I may sell it, but that time is not here yet.
Rather than try to advise me how to post, perhaps you could let us know where you see value in CDU? Do you wait for it to be proven and moving up again?
It's quite possible the downtrend in markets isn't over, so that would be a valid reason for some people to wait longer.
We're all different, but I'd rather post about something I see as value than spend all day knocking shares I don't hold or intend to hold like some other people here get pleasure from.
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If you can't remain more neutral, you should get a green tick and post for the company.
You simply can't give a value on it without ALL the information.
Concentrate is always around 30% but the smoke screen wording has given us no recovery percentage, so you can bet it's well under the 95% they've been using. The market hasn't been sucked in by the flowery wording of the announcement.- *Removed* this post has been removed from public view
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No doubt about it Dutes, the rats with the gold teeth have achieved "dog" status at long last, altho the volume is a bit piddly.
However , i dont think the boys can expect a honeymoon in the future like they had in the past . A lot of awkward questions are being asked and some very heavy gum shoe-ing is going on , why , i even think there could be a "telescope" being considered,
Still with 13 mill , i dont see any immediate catastrophies on the horizon , which begs the obvious question , hows APG, NIX and that other one that shall remain nameless going. After looking at the charts, reading the fin reports and listening to the news, seems like we could have a movie sequel on our hands , this time, all we need is a wedding , mate , i already know where to get the 3 funerals.
Cheers
OI NQ , how they hanging?
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He was suspected of being Bendigo. Maybe the mods worked it out.
Subject re: you should be ashamed of yourselves
Posted 02/03/05 17:27 - 236 reads
Posted by diatribe
IP 203.51.xxx.xxx
Post #529197 - in reply to msg. #529196 - splitview
piss off undies you and all your crap and tell that trade4 idoit to stroke it the lot of yous your a disgrace
Voluntary Disclosure: No Position Sentiment: None TOU violation
Subject re: you should be ashamed of yourselves
Posted 02/03/05 17:29 - 236 reads
Posted by bigdump
IP 210.49.xxx.xxx
Post #529199 - in reply to msg. #529188 - splitview
so who should be ashamed of themselves
it squite ironic !
Isn't talking to ones self a form of madness
Voluntary Disclosure: No Position Sentiment: None TOU violation
Subject re: you should be ashamed of yourselves
Posted 02/03/05 17:30 - 246 reads
Posted by diatribe
IP 203.51.xxx.xxx
Post #529201 - in reply to msg. #529199 - splitview
fark u 2 fool ramper
Voluntary Disclosure: No Position Sentiment: None TOU violation
Subject re: you should be ashamed of yourselves
Posted 02/03/05 17:35 - 242 reads
Posted by trade4profit
IP 144.139.xxx.xxx
Post #529204 - in reply to msg. #529197 - splitview
diatribe...
Here are the posts you refer to "6 - 8 weeks ago"...
---
Subject copper strike.. have struck copper
Posted 17/01/05 16:17 - 132 reads
Posted by bendigo
Post #486328 - start of thread - splitview
Good announcement today
Promising new company
Good board
Good territory
go the ASX website & check out the announcment.
Cheers
Bendigo
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Subject re: copper strike.. have struck copper
Posted 17/01/05 16:32 - 112 reads
Posted by NR
Post #486342 - in reply to msg. #486328 - splitview
all ready on them bendigo......awaiting further annonucements.......
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Subject re: copper strike.. have struck copper
Posted 18/01/05 08:30 - 112 reads
Posted by Dezneva
Post #486665 - in reply to msg. #486328 - splitview
Yep, I agree. I know the people as well. They have a whole heap of old TEC ground. Its a great hit. and I think they are continuing the drilling.
---
These were the first 3 posts ever on CSE.
Although Dezneva only posted "...I know the people as well...", I can see how you may have remebered that as "...the boss being a good bloke..."
Problem is, it was Bendigo he was replying to and not you!
How do you explain that?
Cheers!
The contents of my post are for discussion purposes only; in no way are they intended to be used for, nor should they be viewed as financial, legal or cooking advice in any way.
Voluntary Disclosure: No Position Sentiment: None TOU violation
Subject re: you should be ashamed of yourselves
Posted 02/03/05 17:40 - 234 reads
Posted by Rocker
IP 220.253.xxx.xxx
Post #529215 - in reply to msg. #529204 - splitview
well picked up T4P
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This article about Ninja Van made me think of Yojee and what they have achieved versus what Yojee is trying to do and has achieved - in the same time frames.
https://www.cnbc.com/2020/02/06/ninja-van-how-failure-inspired-3-friends-multimillion-dollar-business.html
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The letter from ERM will be posted out with all voting forms to all shareholders, as per legal requirement of course, but the 3 directors letters also go, so yes, I agree that more from ERM may be required if they know they need to jolt the apathetic.
Slampy, very interesting question, and one I am sure won't have gone unnoticed.
Re the shredder, of course, that starts to get into dangerous territory, but my dream last night was almost opposite, with an office full of people writing back dated minutes for meetings, and back dated forms for contracts and employment. It was a hectic dream, and I hope there's no reality in it at all.
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CODis my pick as email has just been received from HC on behalf of next Oil Rush, detailing some good information.
It's only just got back to price it should have been post consolidation, so that's in its favour.
Very little to sell, I like that, as it will move quickly.
Many won't have received the email yet as they're at work, etc.
Read more here.
http://www.nextoilrush.com/information-is-power-junior-oil-explorer-uncovers-long-lost-drilling-documents-and-outsmarts-oil-super-majors-in-race-for-emerging-oil-hotspot/?utm_source=HCMO
Looks good for next week. Be prepared!- *Removed* this post has been removed from public view
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Salty - howsabout an email update please imo!!- *Removed* this post has been removed from public view
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Lots of reading today!
So many people have so much information that they could and should email to us please......
[email protected]
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Going to shed some light on a couple of articles that reference the same ongoing Supreme Court case in New York that I believe is very similar to how our story has unfolded in facing an impending TO bid at an undervalued valuation.
https://digit.fyi/fanduel-founders-and-former-employees-to-sue-over-rigged-deal/
https://www.google.com/amp/s/www.legalsportsreport.com/38437/fanduel-founders-sue-in-ny-court/amp/
I can accept rough macro/ geo political environments, probably the toughest the LNG Industry has ever faced, playing its role in our misfortune. All US developers are hurting as evidenced by Tellurian’s big staff cuts and failure to conclude its 5mt MOU with India’s Petronet... simply no urgency for buyers to lock in long term contracts until flood of supply dries up and spot pricing flies again (over next year or 2). However, LNG LTD’s managerial skills have been poor, we’ve been deceived, possibly dodgy dealings behind closed doors, while the Company has certainly not acted in the best interests of shareholders to maximise share value! Unacceptable!
FANDUEL’s CEO, Board of Directors and wealthy private equity investors are being sued (by founders, early investors, 100 former employees) and accused of colluding to undervalue the company by billions ahead of its merger with Paddy Power Betfair. I feel our CEO/ Board could be deliberately undervaluing the company (for their own financial gains in the future) and if Baupost approves this TO bid, it’s safe to ascertain collusion is involved with all in bed with LNG9!
AndyB, Vasso you are indeed correct with your concerns about Company misappropriation of capital! I’ve been combing through past reports and their figures certainly don’t appear to balance and I mean off by a long, long way. Books needs to be investigated!
I’ve found no evidence that we ever filed with the SEC despite personally being informed and reading announcements insinuating the process had already begun. I’ve unearthed filings from Cheniere, Next Decade, Tellurian etc on the US SEC Government website but not LNG LTD. “ I may be wrong “ but if another holder could cross check and verify for me, that would be great.
Would like to share my latest mail to MH which addresses my concerns.
Micah,
Would like explanations for the following questions;
1. How did the company come to value our assets, approvals etc at US $.13? Has independent valuations been carried out?
2. I have been unable to locate any filings with SEC referencing our intent to redomicile. Would like confirmation/ receipt of the filing?
3. Why was Bear Head overlooked and not put up for sale? We acquired the land for USD $11m on the 27th Aug 2014 (equivalent to approx AUD $16.6m today), I’m sure the site would of gone up in value since then while the proceeds from the sale would of kept us fueled for another couple of Quarters at least! In turn we could of immediately gone to work on raising additional capital and maintained our focus on Magnolia. We sold Fisherman’s Landing so why is this scenario any different?
4. Now wish to address a matter in respect to seemingly missing capital that needs to be accounted for. Our past debt free, cash positions at specific times dating back to 2014 reads as follows;
Oct 31 2014 - $60.4m
Dec 31 2014 - $53.2m
Feb 28 2015 - $47m
Mar 31 2015 - $41.2m
Jun 30 2015 - $47m
Oct 31 2015 - $149m
Jan 1 2016 - $114m
Mar 31 2016 - $85.8m
Jun 30 2016 - $71.4m
Sept 30 2016 - $61.7m
On May 20th 2015 the company raised $174m... If you add that amount to the $47m balance as at Jun 30 = Approx $221. So between June 30 2015 and Oct 31 2015, $72m was spent (in 4 months)... please explain the break down of how that capital was dispersed?
5. What’s Baupost’s stance on the TO? Is there any opportunity for counter bids against another company/ companies? Likelihood?
Our US listing timeline debacle;
On the 4th of March 2015, the Company first announced its intentions to list on a US stock exchange, “ the Company is pleased to announce that the LNGL Board has reviewed options submitted by five investment banks and advises that LNGL will likely list on an appropriate US exchange near the time of commencement of full construction of the Magnolia LNG project, resulting in a dual listing with its existing shares on the ASX. The Company’s American Depositary Receipts (ADRs) are already traded on the OTC International platform in the United States (US) under the symbol LNGLY, and a dual listing is the logical next step.
At the end of 2015 our company had $114m in the bank! yet no concrete decision made by years end to begin filing process with US SEC.
July 13th 2017 Investor conference call... Key points stated by GV;
- Board has given approval to evaluate moving to a US stock exchange.
- If all goes well and we do approve it, I think that timing would be right around the time of AGM in Nov, subject to regulatory timing in the US and Australia.
- will not cost us a lot of money.
- the redomicile will be, “ a little longer than overnight but a pretty quick transfer from one market to the other.
- so in discussing this with the board and key constituents, it made a lot of sense to evaluate.
- we’ve talked to a few firms that have done it successfully.
In the Sept 2017 Quarterly Highlights, “ A decision was made to suspend the Company’s U.S. redomiciling and listing efforts to a time when maximum value can be achieved for shareholders. “ Would of thought GV that listing in the US would of achieved just that?! In addition to this statement...
“ LNGL’s Board remains fully committed to redomiciling the Company to the U.S., but at the same time, recognizes the utmost importance of maintaining the focus on offtake and strengthening the Company’s cash position with a goal of increased liquidity. In addition, the completion of regulatory requirements associated with the redomiciling was taking longer than expected leading to an extended project timeline. “
When these “ contradictory/ contrasting “ statements were released, our cash position was at $38.2m by close of Sept.
On May 22nd 2019 during an investor conference call, Tim asked GV, “ wouldn’t it be beneficial to redomicile to the US and maximise shareholder value? “ In which case GVs word for word response was, “ the US listing is always on the boards agenda. In fact, we have a board meeting this week and I’m sure we will discuss it there, can’t say more than that. I guess what I would like to do is ask you a question, do you think the vast majority of Australian shareholders feel like it’s a good idea to move to the US? “ Could not believe a CEO who we look to for guidance, direction and answers would ask a shareholder what his thoughts were! Share price was .37c!
July 22nd 2019 - “ The Board of Directors believes listing on the NASDAQ may deliver significant benefits for the Company’s shareholders (100% correct - a sudden epiphany over a 4-5yr evaluation to come to that conclusion?!) including: “
• Aligning with LNGL’s current 100% North American LNG project development and operational management focus;
• Attracting and increasing awareness of LNGL with North American investors who are familiar with the LNG industry and have significant capital to deploy to such assets;
• Improving valuation and better trading liquidity given the current valuations for LNGL’s peers, all of which are U.S. listed LNG companies;
• Increasing the attractiveness of LNGL to potential pfuture business partners;
• Enabling demand from investors who are not able to invest in equities listed outside of the U.S.; and
• Retaining and attracting outstanding talent.
Your words to me on the 21st Nov 2019, “ One of the reasons we are redomiciling is to access a larger group of investors in the US that have a history of investing in LNG! “ 100% correct again, it took rocket science over 4-5yrs to figure that one out! Also on Sept 6 2019 MH says, “ Redomiciling has not been approved by shareholders. Once that happens, I think the time between de-listing on the ASX and re-listing on the NASDAQ will be quite short, days if not a weekend. When did shareholders ever get the opportunity to vote on such a vitally important move??
All the bullet points above were blaringly obvious back in 2016, 2017, 2018, yet CEO/ Board did absolutely nothing, remained silent, kept going about day to day business while keeping shareholders in the dark and engaged in believing in the wonderful shovel ready, de-risked story we had been sold while delivering insignificant returns to their loyal supporters! Inexcusable. Management knew a US listing would unlock and maximise share value yet chose to take no action! Why remains the mystery.....
When LNG LTD announced its decision to finally list in the US on July 22 2019, this decision was made at a position when our capital was at its lowest point since March 2014 with our cash position at $15m! We closed June 2018 with $21.8m in cash with roughly 3 Quarters left till our liquidity runs dry. The truth is, you and I both know our Company never had intentions to transfer over to US at that stage of the game and when Mr Mott remarked that the Company was confident in raising additional capital at the AGM in Nov..... this was not true, in fact deceiving!
Would like answers please Micah, the truth. Shareholders have the right to know!
Cheers.
Jordan.
It’s strange because when the TO BID announcement was released, I had a crack at GV/ Board through correspondence with MH and although he has conspicuously sidestepped/ avoided answering important, straight forward questions I’ve posed since (questions 1- 4 holders have the right knowing answers to), he’s surprisingly still responding while trying to remain professional. I feel he is on the defensive, if his team were innocent what’s their to hide??
We must stand our ground, I do not wish to let this mob get away with daylight robbery! Would like to gather thoughts from long term investors like Timbo, MrWalker, Possum, including any shareholders who are not only supportive behind rejecting this insulting initial TO bid price but should we not receive a meaningful, true, acceptable valuation of our company or the TO fails to materialise, happy assessing possible action holding CEO/ Board accountable. Exploring the possibilities should be happening now - please reach out to me at [email protected]
Once we happily say goodbye to LNG LTD for life, I’m keeping a very close eye on Tellurian! Having crashed from a yearly high of USD $8.69 on Jan 13 20’ to a low of $.87c on March 9, I believe this presents a great opportunity to jump back on the LNG bandwagon & begin to recoup those rough losses, if you got the guts!
Represented by a true world class team in Chairman Charif Souki, the founder of Cheniere and pioneer of US liquefaction exporting. Vice Chairman Martin Houston - former COO & member of the board for BG over 32yrs. He got approached to be CEO in 2012, turning it down, before BG got taken over by Shell on Feb 15 2016 in an acquisition worth USD $70B! BG had a major LNG business and was the largest supplier of LNG to the US. CEO Meg Gentle is a sharp, smart woman with a real fiesty, edge about her!
The Company has already attracted Oil & Gas major Total, in which it’s subsidiaries Total Delaware and Total Gas & Power Nth America already entered into definitive agreements for the purchase of 1mt and for Total to invest $500m. In addition, Total has entered into a SPA to lift a further 1.5mt from their offtake volumes. Tellurian is also working hard to finalise a 2.5b investment allowing Petronet, India’s premier infrastructure company & leading LNG importer, to lift 5mt over 40yrs. Tellurian only needs 12mt of the proposed 27.5mt to reach FID... if this 5mt MOU turns into a SPA, that’s 7.5mt banked with relative certainty IMO to reel in the remaining required buyers. This team means business!!
Let’s keep persevering!
Best.
JK.
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