My understanding of a waiver to ASX rule 6.18 is that it relates to the percentage of shares and ‘options’ held by an entity and includes preventing the dilution of those shares & options (eg the 9.9% recently acquired by IDG) and possibly the over purchase of them.
As people here know, I’m an expert on ‘Gold Tops’ and ‘Blue ‘Moonies’ not share options, but this waiver seems to be specifically related to the recent CR with IDG and perhaps to a lesser extent the recent purchases by some directors and management.
IDG acquired 9.9% of shares and unlike the rest of us, their purchase came ‘options’ and directors and management are also entitled to options.
So what would make LNG seek this waiver, another CR through a Share Purchase Plan?? I read a comment suggesting this last night. Could it be a BTA achieved with an equity share plan?? This was my second thought, right after my first thought which was why did they release this information after the close of the ASX yesterday and isn’t this a bit unfair on Aussie share holders if the news lead to either a big sell off or a big purchase.
LNG has more US share holders now and Aussie’s might have to accept this fact and that market disclosures may cater more to the US investors. While wondering if I should sell my Santos and Origin shares and top up LNG, I looked at how LNG went in the US overnight and noticed they fell nearly 4%.
I’ve been %u@k#! up the old ‘kyber pass’ too many times to know when it’s a good time to buy or sell this company, and as much as I like jkerr’s posts, I made a big mistake putting too much emphasis on his post in January where he mentioned that someone in the company told him “it will happen!!”. Sorry jk, I love all the info you provide and know I’m responsible for that purchase in January, but I’m not a fan of the way this company disseminates information.
Perhaps I’m just musing, perhaps losing my nerve after a few big purchases in companies that have yet to perform, but just decided to give ‘Cupboard’ dwellers something to read before the market opens this morning.
I might have speculated to myself that a deal involving a BTA and equity shares was on the cards last night, but going by the sell in the US overnight I’m holding off, there’s been a lot of volatility in the market for weeks now (thanks to the Donald), and reading about bottlenecks in US oil and gas pipelines and with Cheniere still having priority on the gas through the Kinder Morgan Louisiana Pipeline, and other news makes it too risky for me to buy today.
mcm if you’re out there, you made a comment about my posts being tiresome a week or so ago, if you’re reading this I actually find your factless ramping cringeworthy, so if you can’t post facts and you’ve got nothing interesting to add, do me a favour and leave me out of your drivel!!!!
Timbo, Sivart and doctornoh, if you’ve ventured into the ‘Cupboard’ and you’re reading this, I’d like to know your takes on this latest waiver, if you decide to drop in I’ll put a special ‘Blue Moonie’ brew on for you, and Timbo, I’d like an ‘objective’ response please (I let the revenue / earnings comments slide but I know how you got your figures!!)
I guess I’ll find out whats happening in the market and if I’ve got any responses when I get back from checking the surf out. C’mon fella’s, you must have some opinion on it, and wouldn’t mind Frankie and SP007’ opinions too!!!!
Expand
