Can't give investment advice ... however can suggest you re-read the announcement
LNGL RAISES A$28.2 MILLION THROUGH SHARE PLACEMENT and see what IDG's Energy Investment President had to say re his company's large investment in LNG at a 14.1% premium to the then share price:
“We are excited to announce our investment in and support for LNGL and its Magnolia LNG project, which we see as one of the best positioned U.S. liquefaction projects to deliver needed LNG exports to Asia. IDG Energy Investment is particularly bullish on the long-term outlook for U.S.-sourced LNG into China, and we will immediately begin working with LNGL to assist them in unlocking this market.”
IDG must be very confident deals with the Chinese will be done or else they wouldn't have invested in LNG imo.
LNG once rose to $5 without BTA's having been signed and without all the approvals in place. So imagine what the price will be once the BTA's start rolling in? Your $1 shares will seem very cheap imo.
Once you've read that announcement, ask yourself again whether you should hold or sell. I think the answer will be self evident.
LNG Price at posting:
54.0¢ Sentiment: Buy Disclosure: Held
