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LNG liquefied natural gas limited

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So what? You have posted that 100 times and carried on about...

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jwhiteman

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17/04/20

17:41

Post #: 44107696
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Originally posted by MoneyBags1348: ↑

Just to refresh you're and other shareholders memories Andy, here are some of LNG's statements over the last 4 years, most of which were made by CEO Greg Vesey. All have been substantiated previously and can easily be substantiated again using the information and reference dates provided.

The first 13 statements made between 12/16 and 03/19 refer specifically to Finalizing Offtake, FID and Beginning Construction.

The 12 statements following and perpetuating the first 13 statements refer to the Company's discussions.

25 Clear examples of statements made, and this does not even include statements made about redomiciling and financing!!

ASX Media Releases

23/12/16 ASX/MEDIA RELEASE LNG LTD
Stated LNGL was” Finalizing offtake agreement efforts”

04/01/17 ASX/MEDIA RELEASE MAGNOLIA LNG 2016 THE YEAR IN REVIEW
Stated “We will be moving to finalize firm offtake agreements in the New Year”

30/10/17 ASX/MEDIA RELEASE SEPTEMBER 2017 QUARTERLY HIGHLIGHT
Stated “Confident of signing offtake agreements with credit-worthy buyers later this year or early in 2018”

03/2018 ASX/MEDIA RELEASE MARCH QUARTERLY HIGHLIGHTS
Stated “There’s ‘real potential’ to get a final investment decision by the end of the year”

Statements made via Investor Presentations; Conference Calls and Affiliated Media

27/03/17 LNGL MEETING WITH PORT OF LAKE CHARLES DIRECTORS
Stated “Construction on the Magnolia facility is expected to begin later this year”

28/03/17 CHRONICLE HERALD INTERVIEW WITH JOHN BAGULEY COO
Stated “Construction of the Bear Head project could start by as early as next year”

31/03/17 LNGL INVESTOR PRESENTATION AND CONFERENCE CALL
“Forecast FID in July 2017”

14/06/17 COMMSEC’S TOM PIOTROWSKI INTERVIEW WITH GREG VESEY
Stated “Expected to “Have the whole facility contracted in the next 6 - 12months”

09/08/17 REUTERS INTERVIEW WITH GREG VESEY
Stated “The Company would likely finish selling remaining capacity at the Magnolia project by the end of 2018”

02/10/17 LNG NA GAS FORUM PRESENTATION
Stated “Confident of signing offtake agreements with credit-worthy buyers later this year or early in 2018”

22/12/17 HOUSTON CHRONICLE INTERVIEW WITH GREG VESEY
Stated “Talking about deals up to 25 million tons just to see who's going to sign first”

28/10/18 GREG VESEY / VIA TWITTER
Stated “We remain confident in our ability to reach FID whether or not China participates”

03/2019 REUTERS INTERVIEW WITH GREG VESEY
Stated “Expected to make FID in the second half of 2019”

In a 2017 Conference Call Greg Vesey stated:
“No one is horse trading” and “It’s not a matter of if; it’s a matter of when”

On 31/03/17 Greg Vesey stated:
“All three projects are in an advanced stage of development”, yet the Company’s lease on the Fisherman’s Landing site in Queensland was terminated on that day and management gave no indication to shareholders until weeks later.

Also, in March 2017 Greg Vesey stated:
The Company was “In discussions for more than three times the 8mtpa capacity of Magnolia”

In October and December 2017 Greg Vesey stated:
“Over the last quarter, our discussions with potential offtakers have increased significantly”
“We're actually having serious discussions with what amounts to three times the capacity of the facility”

In May 2018 Greg Vesey stated:
“Buyers are willing to sign 20-year deals and are no longer balking at contracts”
“Contract talks have picked up significantly” and “Expected to make that call by the end of the year”

In March 2019 Greg Vesey made the following statements:
“The interest our team experienced for Magnolia recently exceeded even our strong expectations”
“We are emboldened by the advanced engagement we have with several customers during the quarter”

ASX Listing Rule 3.1 states: Where a listed entity is found to have not had a reasonable basis for such statements, then it will usually be held to have misled the market and be liable under section 769C of the Corporations Act.

In making the later statements, LNGL perpetuated previously unmaterialised Market Statements, rather than correcting them.

Under Listing rule 3.1 when the entity knows sufficient information to reasonably indicate that a material prior statement will not eventuate as predicted, and that the deviation will be material to the price of the entity’s securities, the listed entity must immediately tell ASX of any information of which it is aware concerning it that a reasonable person would expect to have a material effect on the price or value of its securities.

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So what? You have posted that 100 times and carried on about ASIC and everything else. You invested in it. No one made you do that.

LNG Price at posting: 5.1¢ Sentiment: Sell Disclosure: Not Held
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