Management has talked about getting approval to construct in early August. Cash will be consumed very fast if they go ahead. Just over a month and we will know how much cash is in the kitty. I am not expecting much and at the same time I am not expecting BTAs.
The only positive is gold closed around $1318. Not continuing its upward rise.
Oil is very depressed after the referendum and natural gas had a mild tremor.
Was Brexit an overreaction or an underreaction? Either way it is bad news for LNG. Holders deserve better but the market has too much power.
