LNG (ASX) Short numbers

Originally posted by possum2 ↑

Equalibrio,

""Why are you suffering Poss?""

I am one of the these simple folk that believes a stock price should increase or decrease depending on what it has been able to achieve or not achieve. We must see reward for effort.

It annoys the hell out of me that a group of investors can choose to determine where the share price should sit.

With a reasonably strong market behind it today LNG should have been able to achieve some gain today and yet was sold down again for no apparent reason.

LNG is now trading down 40% from it's high and yet they have recently announced a firm BTA which they did not have when it was trading at 5 dollar per share

Future investors in this company must be able to have the confidence to buy shares knowing that they will be rewarded with a good return on their investment when good news is released. Otherwise why invest at all.

Those people who invested last Thursday on the announcement of the tolling agreement have all lost money . And continue to lose more by the day.

That serves no shareholder of LNG any good.

What price I paid for LNG shares is a non issue and should not come into the discussion. Had the market sold down LNG because they informed the market that tolling agreements would be delayed by 12 months I would have no issue with the current price. The share price would have been sold down and rightly so.

What will happen if LNG makes another announcement in relation to another tolling agreement next week.

Can we be guaranteed of a price rise. The answer to that question is NO, based on what we have witnessed in the past few days.

And that to me is the saddest part of all.

Why should one choose to invest in any stock if this is the case.

Having spoken to the company recently they are powerless to do anything about it. They know it's happening but have to accept it.
MORE good news from them does not necessarily fix the problem.

Seriously, how ridiculous is this.

That's why I am suffering. For every person who I told to buy, believing they would be rewarded financially as the company ticked off the boxes along the way.

The events of the past week have changed my thinking on that score. LNG is no longer the kings of their own castle, the shorters are.

As I said earlier, that's simply a disgrace.

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Sorry Poss, I wasn't poking around how much you've paid for LNG. Siv's response above sums up what I was going to respond with, so I won't repeat it.

Could be worse... Like those guys from Kew who dig holes in Botswana