Australia's largest stock trading and investment forum Australia's #1 stock forum

LNG

0.00%

4.3¢ liquefied natural gas limited

IMO MOUs are not ANN-worthy. How many MOU's did the old guard...

First 3 Last

Share
Profile

Follow
mAutt

520 Posts.

14

06/12/16

12:59

Post #: 21137075
Share

Originally posted by noairbags ↑

Investor conference call

Howdy boys,
I listened to the presentation in the cc, overall good and happy.
It was a general going over of what's happened so far with regulatory authorities,
some excuses implied by saying it's a long process etc..... blah blah.

One interesting fact, they have been signing MOU's about potential offtakes but have declined to announce them.
Hmm, I would have thought that's material to our sp and come under the continuous disclosure rules.
No real excuse given as to why they've sat on those? Maybe you'll be able to get a better idea by reading transcript or listening over to the cc.

One thing that really pissed me off and showed how we should NOT rely on media for info was, our company reps gave the blurb as stated above including talking about the forwarding of the construction agreement to Nov 17, and some c.....n from a news organised asked when was the contract/mou with that contractor going to be changed from Dec16. Der. Unfortunately I had to dash off during the reply to that drivel question!

Unfortunately I didn't/wasn't in a position to ask a question.

I would have asked why are the potential OFFTAKE MOU's not being advised to market?

Personally I feel this is exactly what we want as investors! Yes/No?

Sorry for the ppp but I'm short on time today.

Expand

IMO MOUs are not ANN-worthy. How many MOU's did the old guard have which never came to fruition? No ANN of ending them though!
I prefer this style of not announcing until they are signed and sealed as offtake agreements.
I think there will be a lot of 'tyre kickers' coming and going over this next period but I'm only interested in the real deals...and then showtime!!

LNG Price at posting: 68.3¢ Sentiment: Buy Disclosure: Held
7 Upvote

0 Great analysis

Reply

Top Stories

AHK

Ark Mines inks 1.5Bt Exploration Target for Sandy Mitchell REE play including NdPr; PFS due in Q4

RNX

Renegade uncovers large IOCG breccia system at QLD's Mongoose Deeps

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

IBG

Ironbark acquires two Mt Isa projects, notes 2,977 ppm copper at surface

Has uranium run out of steam? An update on nuclear markets & developments ahead in FY25