Last Shareholder Update, page-4

I have also heard presentations where they thought the project was economic at $30 oil, 2mtpa etc. That turned out to be BS. That they were going to acquire a Mexican project, which never happened. The dual listing which never happened. The EPC price that was firm $3.5bn that blew out. The fact stonepeak were going to fund all the equity component for 8mt then reversed to all of 4mt and prorata for last 2 trains. The fact they thought the project had a 90% chance of success which was clearly overoptimistic (simple maths tells you if you have 95% chance of jumping a hurdle and 10 hurdles to jump the probability is .95^10=60%).

I'm all for the project getting up, but I don't see the point in cheerleading the management team when the track record just isn't there to support it.