It's management's job to put the best face on the company's...

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jwhiteman

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26/04/20

12:09

Post #: 44260761
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Originally posted by Snorky: ↑

Our debate seems to have have gotten a wee bit off track.

I'm not blaming management for the trade war or COVID-19.

What I am critical of is their overly optimistic references to how close they were getting a deal done & therefore reach FID.

Investors take notice of what management say when making investment decisions.

We both agree that LNG Limited were impacted when tariffs were put on in September 2018.

The slides accompanying the November 2018 Annual General Meeting (dated 15 November 2018) was - 'Not if, but when' - GV - Managing Director and Chief Executive Officer.

The market seemed to like it, LNG shares had a 25% increase in the 2 months after 15/11/2018.

Do you think this statement may have influenced investors in their decision making process in regard to invest, hold or sell LNG Limited shares?

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It's management's job to put the best face on the company's prospects. Especially when it's a startup trying to get sales.

If you believe there has been any malfeasance take it up with ASIC. I'm sure they get a laugh out of it.

LNG Price at posting: 4.5¢ Sentiment: Buy Disclosure: Held
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It's management's job to put the best face on the company's...

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