LNG Chart, page-110

Risks are already factored into the SP and it doesn’t matter how much down ramping there is, there’s no one left who wants to sell.

Sellers were exhausted more than 10 days ago at the height of Coronavirus fears.

The sector has since received news that China is granting exemptions now, and that a Coronavirus vaccine has been developed.

The gas price also found a floor and has now had a number of higher lows since.

All the fear mongering in the world doesn’t take away from these realities.

And Bear Head was $11M usd at cost in 2014 and is worth more than double now. That’s more that $30M aud today.

There are a dozen faces on the PowerPoint (ie the team) some paying mortgages and putting kids through college, they will find a way even if it means selling Bear Head.

PS. IDG may be more comfortable about doubling down on its investment now that China is granting tariff exemptions. It may see LNGL’s SP as a great chance to double down. Other T20s may feel the sane.

Finally LNGL is debt free. This helps us a lot too.

Nothing to worry about, and nothing for non-holders to worry about 30 hours a week that’s for sure.

Just opinion and not advice