Whichever way you look at it 38 million shares changed hands...

Whichever way you look at it 38 million shares changed hands today and the SP finished up a bit over 5%.

This means that there is significant interest in LNGL by investors for whatever reason.

The company says it knows nothing about a take-over which would be correct but that does not mean it a take-over attempt could not happen. Personally I would think this to be unlikely for the very reasons explained by others already.

There are other possibilities. For example, if it is attractive to consider a takeover why would it not be attractive for an investor to want to take a major position in the company like Baupost and Valinor have done?

I well remember the valuation calculations by Sivart and other a year ago or so explaining the LNG value consisting of Magnolia (4 trains) without considering Bear Head and again including Bear Head (4 or 6 trains) .

This then boils down to whether or not Magnolia will happen and then to a lesser extend Bear Head.

Somebody out there clearly believes in LNGL's ability to succeed. Apart from LNGL people there are those in other companies who would have a fair idea like those who may or may not become possible LNGL customers.

35 million shares in one day with a rising share price suggest to me that somebody out there is seriously interested in the Red Ant.