Magnolia LNG December 2019 Newsletter, page-15

First 15 Last

Share
Profile

Follow
mwilson25

2,656 Posts.

399

23/12/19

15:45

Post #: 42105831
Share

Originally posted by MoneyBags1348: ↑

No error or misinformation, you are the one who has constantly disputed the possibility of a CR. Here is your post followed by mine (without the last line, due to moderator's recommendation)

mbatista said: ↑
Incorrect. Only the sale of equity would result in a share dilution. There are other possible avenues for raising liquidity as explained in the last quarterly:

"LNGL’s ability to extend available liquidity beyond existing capacity is dependent upon the future successful raising of incremental funding through any one or a combination of: the successful marketing of offtake capacity and the resulting financing of one or more of its projects; marketing of the OSMR® technology and services; the sale of equity and/or debt; or the sale of assets."

MoneyBags1348 said:

So in plain English:

1) Successful marketing of offtake = Signing Binding SPA's for 6mtpa (not Term Sheets or MOU's)

2) The resulting financing of it's projects = Signing Binding SPA's for 6mtpa (not Term Sheets or MOU's)

3) Successful marketing of OSMR = Many other projects already approved using their own technology

4) Sale of equity = Capital Raise

5) Debt = One of the company's few positives is it doesn't have debt (at this stage)

6) Sale of assets = Which one's?! At what price?! (already lost out on Fisherman's Landing)

7) Sausage sizzle

I realised this thread wasn't going to be a popular one when I started it, I just read one too many speculative and half informative pieces of information about the company so thought I'd post a few more facts.

Expand

it’s very hard going on this forum at the moment. Good to see you standing up for yourself.

In your post you noted that GV said that he was looking for a CR prior to the re- domecile. Surely that’s not the best move by GV

If the whole idea of moving exchanges is to better value the company - then won’t they get more out of a CR when the thing has a higher valuation on a more liquid exchange?

Makes little sense.m to me

LNG Price at posting: 19.0¢ Sentiment: Hold Disclosure: Held
4 Upvote

1 Great analysis

Reply

Top Stories

Microcap Wrap: 5 explorers with news out today

SVL

Silver Mines models five new calderas close to 396Moz Bowdens deposit

SS1

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

AVA

Ava Risk Group expands US presence with A$0.7M Substation Deal

RCE

Recce's R327 found effective against E.coli during clinical trial

CMX

ChemX Materials kicks off first stage works at WA high purity alumina pilot

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

LRV

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

LU7

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker