2011, page-50

Oranje , great post thx ....I think that sums it up pretty well , a total cost of a mere US$3 bn for all these projects. They need a very big partner (which means heavy dilution to existing shareholders). Of course a fair amount will be project financed but they will still need to raise plenty.
I note in the Result that $140m has been moved from non-current assets to current due to a loan repayment coming in October!! Hence they need new bank financing as well.

Elliott may pull a rabbit out of the bag but at this stage he appears to be a big scale dreamer , but why would he worry when his own company Slipform is rewarded with all the build contracts and has been paid a mere US$ 55m over the last 2 years & now has parts of the the PNG contract. Fancy earning all that when the LNG plants didn't even have approval to operate in Indonesia....ask yourself who is getting a feed at the trough.