Now that i've had some time to think about the DFS, i think one key element that is not highlighted enough is that they have not selected which engagement model fits best from the two.
The due date which was supposed to be May in the last update has now been revised to Q3 hence pushing the FID further back.
What this essentially means is that the actual costs to be used in the FID may be different (e.g higher or lower)
I wonder what could be at play here and why have they released the DFS without details on which model works best. Why risk punishing institutional investors? Their next round of fund raising will be a lot shittier unless of course they are trying to deliberately keep the share price lower so that it would be easier to give prospective investors a more attractive return.
Either way, i take responsibility and accept that i had timed my investment wrongly im CLQ this time around.
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