To all L/T holders out there (of which I am one), what are your thoughts as to how PSA will get through the next few months from a cash flow perspective, TF alluded to a potential dual listing in the UK, surely this would not occur without the MENA permits having been granted, the company must be running on thin air at the moment so some form of CR must be coming, unless of course they can get the MENA permits and sell down some interest there, but as others have mentioned cash flow from MENA is still 4 to 6 months post approvals. Further delays and issues on B-2 also not welcome news. In my view we also need to be aware of the Yemeni Govt knowing PSA's current financial standing and there may be a chance someone in office has intentions on these leases with ongoing delays being beneficial to this cause.
PSA Price at posting:
13.0¢ Sentiment: Hold Disclosure: Held