This is not an explorer. It is a sizeable resource and they have valuable IP as well. Getting to this stage, along with all approvals, tax breaks and environment stuff taken care of takes a decade for most. It is now just about turnkey ready.
In my opinion it is not that they can’t tie it all up in a supply agreement now, it’s that Greg is trying to drive the best bargain for shareholders.
A zero debt company with multiple financing options and rapidly expanding markets. Corona-nonsense will pass. The latest hysteria. More people die falling out of bed in the morning each year. And a China tariff-lift on LNG looking likely.
Things move in cycles and sentiment has already begun rebounding with Natural Gas price up almost 2% right now.
Calm the farm and do some reading (other than the scare-mongering that has saturated this forum for months).
Just my opinion
Add to My Watchlist
What is My Watchlist?