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  • Liquefied Natural Gas Limited Receives ASX Speeding Ticket 0 comments
    Jun 17, 2014 8:53 PM

    Liquefied Natural Gas Limited (ASX:LNG, OTCMKTS:LNGLF) shares are on full afterburner rising 47% to an intra-day high of $2.365, prompting the ASX to issue a price and volume query.

    The company said in response that it was not aware of any information not already released that could explain the price increase since its close of $1.605 on Friday.

    However, it noted that an investor tour took place last week for U.S. based investors.

    It added that the world's 11th largest hedge fund Baupost had recently lodged an initial substantial holder notice and further increase stake.

    Shares in LNG Ltd are currently at $2.07.

    LNG Limited has received the U.S. Federal Energy Regulatory Commission's formal acceptance of its filling application for the 8 million tonne per annum Magnolia LNG project in Louisiana.

    The company expects to make a final investment decision on the 8 million tonne per annum Magnolia LNG Project in 2014, secure all approvals during 2015 and export its first cargo of LNG in 2018.

    Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX "Small and Mid-cap" stocks with distribution in Australia, UK, North America and Hong Kong / China.

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