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31/01/20
10:14
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Originally posted by mrwalker:
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It's pretty obvious that we need to pull a rabbit out of a hat and bloody soon. This is the bit that concerns me somewhat, however it's clear that it must be spelled out."The Company contemplates the continuity of normal business activity in delivering its goals of reaching financial investment decisions, constructing, and operating its liquefaction projects. The Company must find new sources of liquidity in order to maintain operations as a going concern." On the other hand why would DOE want to sign up with us if there is a possibility of us crashing and burning? One would think that they turned us inside out before saying yes, LNG are the ones we're going to partner with for the next 20 years. I'm aware that they have not entered into a binding SPA but nonetheless LNGL must have satisfied them with our absolute viability as this would be a risk they could not afford within their Vietnamese development.
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The alarm bells are ringing now. No progress on re-donecile. No progress on raising cash. I mean I would have expected a CR - but perhaps the big holders are not going to participate which will mean failure. GV sells shares. Kings leaves. 3 months of cash left The signs here are worse than terrible.