They were expected to sign 5mtpa with Petronet and instead Petronet extended the MOU 2 months unexpectedly, citing "looking for a better deal". They also have a loan due they are trying to extend. Tough times for all. Difference is, in the last week or so they have slashed their workforce 40% to extend liquidity. Seems they want to stay in business as opposed to our friend GV. I also bet they are hot and heavy working on that better deal for India! Betting Souki will show how a company reacts when faced with problems. Hoping they don't go private but ol'e Souki seems to always have an answer when problems pop up; like with Cheniere etc. Bought a small parcel at .89 a few days ago.
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