LNG's last quarterly showed they had about 12 million in the bank.
They are currently dealing with big companies who are committing themselves to very long term contracts.
It makes sense to me that if I was in business and going to commit myself to a particular company I would want assurances that they are very well placed financially.
Therefore it's my belief that this raising will be far greater then what the last two have been.
And if it means they end up having 25% more shares to prvide that extra security then so be it.
Anyway thats my opinion.
If I am wrong I will stand corrected.
LNG Price at posting:
65.5¢ Sentiment: Buy Disclosure: Held