fly, ""sudden drops of SP in 4 months are beyond my knowledge""...

fly,

""sudden drops of SP in 4 months are beyond my knowledge""

What LNG needs right now is a circuit breaker to stop the momentum of downward pressure.
As the shares continue to drop more and more pressure continues to build, those that have been shorting LNG continue to tighten the screws. They would be loving it, and the fuel to their fire have been others who have helped to maintain that pressure by also selling, thus creating even more uncertainty and playing into the hands of those are still shorting.

I posted last month that we were at the mercy of the markets. I was hoping that either an increase in the oil price or an announcement on more BTA's would have occurred by now and that would have released the pressure valve that has been built up over the past couple of months.
Because neither has happened we continue to bleed.
To lay the blame at Maurice and Management for not getting these things done quicker is a bit harsh. Those that are posting such things are doing so without thinking it through.

The sentiment toward all energy stocks is not something that Maurice would have been able to predict 12 or even 6 months ago. I don't think Maurice would have bought another 100,000 at 2.60 if he believed the share price would half . No one throws away money willingly.

I made the suggestion of a possible buy back last week because momentum needs to be arrested. If good news comes in some other form I am sure that will also help to turn things around.

I am just relieved that Maurice took the opportunity to raise that money at 4.35. That was a blessing in disguise.