-Debt free, best in class burn rate
-Mid 2020 cash runway
-IDG making many investments across investment chain ... help with infra build out
-No one pushing back on 20yrs tenor
-No of contacts in China
-Largest single asset is immediate credibility in Chinese market
-e.g. companies looking to acquire gas/ bring into the local market
-Great deal of DD done on our company
Without doubt, LNG is now in a great place - fully FERC permitted, DOE approved, cashed up and with China Inc on the register
I'd even go so far as to say that a lowball TO offer is now less likely given Baupost, Valinor & IDG hold ~30% of expanded equity. And that too is surely a good thing!
