I honestly don’t think it would take that long to achieve the $20+ PPS. I feel we’ll be pushing closer to the $30 mark myself. The company is worth closer to 3-3.5b if they put everything in tglo. Pump station, pipelines, permit, financing already in place (which counts towards a company’s valuation) and the feed/FID which also contributes/validates their valuation.
If they (or the hedge fund) bought up another 20m shares (and honestly I’d assume more was purchased from the free market too) tglo shareholders probably only account for 10-15% of the float with delfin owning the rest in some form or another.
We’ve been saying for awhile now this stock trades like the float is closer to 20-25m, not the 106m we’re led to believe.
Notice how there’s two transactions for the same amount on two separate forms? I find it kinda odd that a hedge fund of this size dropped 152m on two transactions unless there was a DAMN good reason to. Even at $7 PPS buying off Egan the hedge fund/delfin stands to at least pull in a 4 bagger, if not much more.
There is a good reason to though, this is an excerpt from the 13d from Jan 11th.
“Fairwood Welbeck Natural Resources Pte. Ltd. (“FWNR”) owns approximately 28% of the equity interests of Fairwood and may be deemed to control Fairwood. The address of the principal office for FWNR is c/o Toombs Hall & Foster, LLP, 5949 Sherry Lane, Suite 950, Dallas, TX 75225.
Talisman Global Capital Master, L.P. (“Talisman”) and its affiliated entities owns approximately 29% of the equity interests of Fairwood and may be deemed to control Fairwood. Talisman is affiliated with two of Fairwood’s directors. The address of the principal office for Talisman is 510 Madison Avenue, 7th Floor, New York, NY 10022.”
So not one but two people are involved with talisman/delfin.
Jason Kalisman- which is the founder/ceo of the talisman group investments and listed on the 13/d
Kevin McNiel- managing director of talisman in New York, who is listed as the managing director of research on the 13/d.
I also stumbled across this webpage that gives some vague info about the hedge fund clients
News 
Market Data 
Discover 
