Like your stats accaeric but the last placement was only $4 mil to 3 instos and this one is $50 mil.
Pretty agressive selling today with a few icebergs. Wouldnt be surprised if some of the instos from the placement are selling down knowing they are picking up stock at 50 cents.
I think the US instos/hedgies/large investors are there for the long term ride and are coming in on the back of Chenniere success and Eddie Sugars success with Fortescue. Dont forget Eddie Sugar stated that LNG is a better bet than FMG was at the same early stage.
I am expecting trading to really start thinning out once the placement settles down and accumulators are locking in for the longer term.
We will have locked in toll news very shortly. This will be a major sp catalyst imo.
LNG Price at posting:
67.0¢ Sentiment: Buy Disclosure: Held