As you all know I have been selling down into not many takers.
My rationale is that gloom will continue to set in until the raising is announced. Probably take a few weeks to get a decision.
in the mean time I am betting that a TO will not materialise because that could really boost the sp and I will miss out. I rate this as a definite possibility but I wonder whether anybody who wants it will want the Australian listing or bear head. So I think perhaps interested parties will gamble LNG won’t survive,
I think the Corona virus is the last straw with not much happening while the world throws everything at avoiding a pandemic.
The next week will not be nice, in my view.
LNG Price at posting:
14.0¢ Sentiment: Sell Disclosure: Held