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Thanks Jab for bringing this back to the task at hand. Too much chatter about nothing lately here. We wait and we will all know at the same time one way or the other.
I would say why is some random person calling and I owe you nothing unless you’re connected to the company.
Thanks for posting. Financials sound solid. Structuring of acquisition looks good and bodes well for future acquisitions they are planning.
When an update hits with this share structure we could see a real nice pop. It looks like an existing business was rolled in so not so sure why the secrecy.
Best post of the day. They aren’t getting $250 million in cash. Will be Cash & stock.
Well said. We are all in ride or die mode at this point.
Haha. More like Groundhog Day for TGLO shareholders. Every scrap of information we get excited about only leads us back to waiting on a RM. Will it? Won’t it??
Seems to me they need this piece before they can approve the FID. End of June seems like the earliest we hear anything about the FID and possible RM.
Speaking to TradeWinds in Oslo, Delfin chief operating officer Wouter Pastoor said South Korean shipbuilder Samsung Heavy Industries is working on full pricing proposals that are due to be delivered in May for its first 3.5-million-tonnes-per-annum-capacity FLNG unit.
Eagerly waiting for the long wait to be over :)
A little apples and oranges when talking about financing. Sempra is a $47 billion market cap company. They can probably swing a heck of a lot more debt financing than Delfin who has very few assets for the most part to back up the debt.
Maybe I’m missing something but if they do have a library of unique photos and video. Can’t they digitize them and sell NFTs which could be in high demand? He could create some big income for TTCM that would boost the share price for his already sizable position of TTCM common shares. Like I say maybe I am missing something but it seems like a pretty straight forward process to unlock some sizable gains on his library without ever having to sell any of his photos.
Well said. He is looking at making some moves by merging his assets into TTCM.
So book value of $.08/share. 50:1 RS. New book value $2.00/share. Looking to uplist?
Hopefully that means they are ready to flip the switch on their first project.
Same for me.
JAB or anyone else can you clarify for me how the ships capacity is filled. Delfin keeps mentioning only 2.0-2.5 MTPA worth of long term contracts are needed to reach FID. So that I assume gives them the minimum cash flow to make the project work. Do they then expect the remaining capacity to be filled with long term contracts or is there enough short term “Spot” types of sales out there to top off the vessels and keep them turning?
Doesn’t the single equity partner relate to the build of first ship only?
If I’m reading the article correctly it sounds like they have a large private/public equity investment lined up for the first vessel. I wonder if they will then drag out the going Public process as long as possible. That way they have more assets under control to create a much larger stock price for future vessel financing.
WSB the new X or one in the same??
Haha. Starting to feel that way lately.
I can agree with that.
I don’t think we need to say anything else after that post. Bingo!
Oh boy. Waiting for the news report that says. Delfin feels confident of a positive FID by end of 2024. Still Waiting patiently.
If they are going to get billions in investment without being a public company then they don’t need TGLO.
True but for an LNG stock the timing doesn’t get any better than today to go public.
I can see your last 3 posts within the last 10 minutes.
Yep they did those 3 but like others have said I think those were used to apply some pressure on FERC to get the permit extension. otherwise I bet we would have only heard about them from the partners PRs.
Even if they did the RM or approve the FID we probably won’t see anything for a few days until they file the documents. I doubt they do a press release. That hasn’t been their style. We will probably get volume out of nowhere for a couple days first. Then the 8K will show up. Just like when they bought the shell.
I know the board doesn’t mean anything the filings are the only thing that matter. I just don’t like BS. You’re as bad as any of the bad actors out there. You were bashing this stock for a long time while accumulating your shares. Then once the stock pile got high enough you changed your tune overnight. That’s priceless. As Forrest Gump would say that’s all I got to say about that. I just hope others see thru the BS also.
Gentleman?? Really? You won’t be able to sell more stock while telling everyone to buy while he is bashing trying to get the price down for a re-entry . This was one of the better boards out there but I can see it heading down the crapper quickly.
That’s a very specific starting price prediction.
I don’t disagree. It can go either way or all at once. I guess I personally wouldn’t make a decision and place an order for something until I knew for sure the money was in hand.
If the FID is your Final Investment Decision it seems to me you would want the RM in place first so you could start raising money. It’s going to take all types of fund raises debt, equity etc from a lot of organizations to fund these ships. How can you make a final decision until you start getting funds secured? Kind of a chicken egg thing to me.
FID has been around the corner many times only to get delayed. I think most of us aren’t really expecting it to happen by year end.
What’s with the 6 digit trades?
What’s happening this week?
The. $4 Billion question we should all be discussing is what are Delfins options to raise that money? Is it one of these? A combo platter of these or another option? Obviously we are all hoping and expecting a RM into TGLO to become a public company then some stock sales to fund everything. What options are there to stay private? Examples: Raise enough from the banks once these agreements are finalized. Talisman raise more funds from institutional holders. Larger Direct equity investments in Delfin from Devon, Enbridge etc. Maybe raise enough now to stay private and go public some time down the road.
IMO we are down the last couple days as traders thought they were going to get a quick 50% pop or more on the FERC extension. Delfin is a slow grinding methodical mover. It will take time before we get the RM news we are waiting for. Ignore all the useless noise.
X is Spycel in disguise.
What nobody painting it up to sell into today? Big holders must be taking the day off.