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4.3¢ liquefied natural gas limited

Goodness ... why did you take me off ignore? You seemed so happy...

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mcm1636

4,491 Posts.

1331

24/12/18

17:57

Post #: 36954255
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Originally posted by MoneyBags1348 ↑

mcm I read of your reply to me and you made the effort to write a long post, which on one hand I appreciate, and on the other hand I think it wouldn’t hurt you to look at it introspectively.

In your post you say:

“Well all hail to the sage of all things LNG”

“Your views are colored by a very jaundiced view of LNG because of the huge losses you've made by selling out most of your holdings and I'm sure you feel vindicated whenever the share price falls”

“I also want to say I feel for you because you sold out at a considerable loss when the share price was a lot lower than it is now”

It’s no good opening with mocking comments, assuming you know the reason for my views, and then adding you "want to say you feel sorry for me because I sold out when the share price was lower than it is now".

Firstly I’ve never presumed to be a sage at anything, and on a number of occasions I have sought information and accepted advice from posters on these threads.

As far as: "feeling vindicated when the share price falls" and "selling out when the share price was a lot lower than now", those comments are thoughtless as I have never said I’ve sold all my shares, the last time I did sell was at $0.55; and when the SP falls I assess whether to buy again or not, based on what I know!!

Believe me I’m tired of posting harsh realities about this company, but someone has to post the realities amongst what is an endless amount of ramping and uninformed opinions by people here, on top of the speculation constantly coming from management.

I know Timbo is fairly well informed, liaises with management, knows his way around management circles, travels to places including Magnolia, Nova Scotia, Singapore and Australia and has an affinity for his wine collection, yet has never accounted for inaccurate comments he’s made over the last few years, and yet so many people here hang off his every word.

Today he posted:“INO LNG.AX have China off takers ready to sign pending Jan resumption of Sino-US trade talks. If a broad deal is concluded (which includes addressing legitimate US concerns such IP theft and access to the Chinese market, as reported by FT & Bloomberg) and a deal is signed before March 1 (when tariffs rise to 25%), you would expect LNG export deals to follow”
Today three Chinese nationals were arrested over IP theft, and one of China’s main objective’s over the last few years has been to acquire (for want of a better word) IP’s from countries all over the world, and if you look into it deep enough, you will find they aren’t in the business of changing that objective just like they aren’t in the business of getting out of the South China Sea.

Twelve months ago he referred to GV’s comments that “We remain confident in signing offtake agreements with credit-worthy buyers later this year or early in 2018” by adding “And I also know that buyers are much more serious (supported by my industry perspective) and the shift in language from our very measured MD (which the Board signed off) should tell you all you need to know”

Over the last year he’s told us; Either put up or shut up; “Our time is nigh; A Capital Raise ain’t going to happen at these depressed levels; Bear Head is getting some serious attention; and suggested a number of projects simply won’t get up or will take longer than LNG to reach FID, including Jordon Cove, Tellurian and Venture Global.

In July this year he told us: Expect this (China / US trade war) to be resolved in the near-term.; and; As a reminder, MLNG will generate $50bn in revenues over 20 years (or $2.5bn pa).

As well as reading Timbo’s comments on the LNG macro analysis thread today, I read yours saying:

“Very interesting. Cant think why else this (termination of the Meridian extension) would be announced now”

The reason it was announced is because the extension was due!! Surely someone who does their 'DD' would know that!!

You then go on to talk about:

“Total Capacity” and “Desired Capacity” and finish by adding ... tells me it's more likely that someone wants the lot

With large, and already established brown field companies who already have relationships with buyers, only signing minimum amounts, do you really think Magnolia is going to sell “Total Capacity just because GV makes a vague mention of desired capacity!!

I know you went to an effort to reply to my post but I suspect it was more to defend your position, which doesn’t seem to change from speculating and uninformed assumptions.

It’s well and good for posters here posting whatever they want, but there are genuine investors out there who are reading HC and relying on this information to make their investment decision, so if more people posted honest, unbiased comments I wouldn’t be commenting as much as I do!!

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Goodness ... why did you take me off ignore? You seemed so happy to boast about putting me on it.

You know my history with this stock and I am very pleased to have made more money out of it than any other stock. I am also of the firm belief I will do so again which is why I reinvested a portion of my 1000% profits ... based on my research as well as that of others who kindly post on here.

You posted the following: "As well as reading Timbo’s comments on the LNG macro analysis thread today, I read yours saying:

“Very interesting. Cant think why else this (termination of the Meridian extension) would be announced now”
The reason it was announced is because the extension was due!! Surely someone who does their 'DD' would know that!!"

Er ... that the extension was due 31 Dec. was stated in the announcement so why the superior attitude? Did you think I hadn't read the announcement or was familiar with the history between Meridian and LNG? Me, who has followed this stock for years and who has read virtually everything there is to read on it?

The Meridian deal has been extended several times ... but not this time. That is what makes it interesting ... and why I and others see it as a positive given what Management had to say about it. You have a different interpretation ... fine ... feel free to express it ... but don't bag others if they see things differently. That is why I called you the sage of all things LNG because you seem to think you know better than anyone else as to what is going on. You don't MB ... you make educated guesses and assumptions like we all do ... they just happen to be different to mine and many others.

Anyway, I wish you and all LNG holders nothing but good fortune for 2019 and leave you with a snippet from jkerr's excellent post:

To add my 2 cents to the announcement that LNG LTD will not extend the deadline for satisfaction of the conditions precedent to the Liquefaction Tolling Agreement with Meridian... very good news! I'll set the record straight for all the doubters who think otherwise, Meridian was not at the same stage of readiness as Magnolia, in setting up their receiving terminal. Meridian had conditions precedent that were generally associated with their ongoing sales arrangements and relationship to UK gas economics. They are a small organisation, a minnow, who are facing challenges. We were always continuing to market the full 8mt and were not going to wait for Meridian in the event we are able to sell the full 8mt before they are able to achieve success. We pushed them out the door, not the other way around. Promising signs!

LNG Price at posting: 48.0¢ Sentiment: Buy Disclosure: Held
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