I have sold all but a handful of shares in LNG. This will still allow me to participate in any raising.
I sold out because I think that a TO deal with a substantial premium like we had with LNG9 is unlikely now. I will not be buying back without certainty.
Other offers or means of saving the company will likely drag the sp to the downside either now or if it remains public in the future as it will be a while before BTAs can be secured.
I have re-invested some of what I have left and think their are still some bargains elsewhere in companies likely to stay profitable in the these challenging times. I already have a small fain
But even though I have appreciated the thoughts and support of many, it feels good that it’s over and I can concentrate my mind elsewhere.
Will take a while to process this disaster!!!!
News: LNG LNG Ltd looks for new partners after takeover bid withdrawn, page-22
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