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fojcol

01/20/18 9:11 AM

#8760 RE: Cache #8757

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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Elcappy1

01/20/18 11:18 AM

#8794 RE: Cache #8757

I don't think they're having trouble doing that. I think in their minds they're pissed for selling to early and trying to grab as many shares as they can get at the cheapest price. Like Sprycel said, "It doesn't matter if you get in at .15 or .50. this baby is going multi-dollars no matter who says what"!