re: Ann: Market Update on the Company's G...
They're not going bankrupt or anything. They have cash in the bank, no debt, and no short term liabilities. Customers already lined up.
The only downside is that they have no supplier. But in this industry where everyone is racing to deliver the first CSG-LNG I don't think the company will struggle finding a replacement.
I'm still going to hold this as i don't see much downside. Probably stagnant price for 3 months or shorter until they find another supplier. Remember they're not burning much cash as they have stopped the operation.
LNG Price at posting:
51.0¢ Sentiment: Buy Disclosure: Held
