No doubt in ST its going down and being played (how low it can go, we never know). IMHO, the management has learnt their lesson of being overstretched. They are now focusing on short term commercialization projects (read the latest strategic update), and have cash for next 10-12 months to reach the FID for the selected projects followed by a $100M debt financing from HSBC. This could be a potential game changer…
Just my view and DYOR..
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