Rudders check out the lastest LNG announcement...
This excerpt from the same announcement...
?We expect that HQCEC will shortly received approval from the Chinese foreign exchange regulator to enable the Placement to be settled. Following the Placement the Company will hold ~A$28 million in available funds (with no debt) and the key focus of the Company and HQCEC will be the securing of gas supply for the Company?s 100% owned 3 million tonne per annum Gladstone ?Fisherman?s Landing LNG Project and then progression of the project to final investment decision?, Mr Brand further said.
Maybe he has sold some of his LNG (he still holds 10Million) to get into MEL?
After all MEL does have the goods!
have the spp offer in my hand, page-15
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