I don't hold this stock - I bought when it dipped after the...

I don't hold this stock - I bought when it dipped after the initial profit warning but have sold out prior to the trading halt. I won't buy it now because I think there is a high probability that they will need to do a capital raising pretty soon. I suugest all shareholders listen to the audio of the briefing from the initial downgrade where the CFO stated that there cash reserves has basically been chewed up. Add in no cash flow now for APLNG and the cash flow drain of Eagle Downs and I suspect they need to raise capital - no bank will lend to them (I believe) so their only option is to raise equity.

Please do not attack me as a downramper - I suggest you look at my FGE postings to see that I post this as a help for all shareholders to consider. My sole objective is to assist investors who don't have intricate knowledge of balance sheets to understand the risk in their investment and to ensure they are aware of the possibility of a capital raising. Albeit a capital raising saves the company (most likely), it will be significnatly dilutionary and reduces the likelihood of a big bounce in the share price.

Good luck to all, only risk what you can afford to lose, and please listen to the audio from the last profit warning, especially where the CFO is aksed about the cash balance.