$11m cost for bear head, worth twice as much nowLiquidity not an...

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21/02/20

09:55

Post #: 43064122
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Originally posted by mmartin: ↑

Reading the Sept Qtrly it is obvious the Coy has been trying to raise cash for at least six months and has obviously failed, why would you let your bargaining chip (a higher share price) drop if you were able to make a deal back then, why would you let yourself be backed into a corner if you were able to make a deal ? .

The numbers from the Dec QTRLY make it perfectly clear that the cash runs out end of April to zero, however im not sure if the ASX will allow the company to trade into the next qtr (Beginning end March) without cash to trade thru that period, so the reality is the coy has got about 5 weeks to come up with some cash or its all over ( Coy Suspended from trading)

Sept 2019 Qtrly
https://www.lnglimited.com.au/site/PDF/6334_1/QuarterlyHighlightsandAppendix4C

"In keeping with our promise to shareholders, we continue to manage our liquidity closely, consistent with our stated plans. We closed September 2019 with the Company’s total cash position at A$14.9 million. LNGL remains debt-free. The Company recognizes the need for future liquidity, and we remain confident in our ability to raise new capital for our business."Yours sincerely, Gregory M. Vesey, Managing Director and Chief Executive Officer

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$11m cost for bear head, worth twice as much now

Liquidity not an issue and plenty of options, currently selecting the best strategic fit

Thank you and good night !

Just my opinion

LNG Price at posting: 13.5¢ Sentiment: Buy Disclosure: Held
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$11m cost for bear head, worth twice as much nowLiquidity not an...

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