RE:RE:AccumulationSlowLoris wrote: I would have liked to be accumulating, because at first look the valuation seemed low, but I have concerns that Shell will not progress the LNG project (at least for many years) - see article -, while in Vietnam the committment well will wipe out the cash and they have no funds to develop. I can't see any lender stepping up without at least some equity funding, while the management are also talking about buying some production - presumably with equity? I think the risk of dilution is too high for the moment.
If you have a different opinion I would be glad to hear it.....
Dilution risk - I wouldn't be overly concerned. There is significant institutional backing in this company, it's highly unlikely you're going to see a crappy retail financing that will quash the value.
The current mcap of about $27M is nothing compared to the size of the opportunity imo.