I've been thinking about this "plenty of Chinese financing" for a while now. Since financing is usually cheaper than capital raise, why would Delfin give away ANY ownership if they have all the financing available they need? A few reasons I can think of to line up the POSSIBILITY of going public: 1) The Chinese financing is not so definite (seeing as how competitive the LNG market is at the moment); 2) with the "threat" of raising $$ by going public, they can get better terms/rates with that Chinese financing; 3) Going public will give them more freedom than going entirely with Chinese financing, since that financing would certainly come with strings attached; 4) any combination of the above, or other reasons I haven't thought about. In any case, I have a tendency to think #3 (with a little of #1 thrown in) the most likely, which is why I'm long here.
Another question: how high do you think the POSSIBILITY of Delfin R/M'ing into TGLO can take this price, without a definite decision, which would be evidenced by a filing? I've thought $.50, without a filing, because after a filing, all bets would be off!
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