05-15-2013, 01:11 AM
And the fact that this guy is by nature a bit conservative, but yet from what he has seen and heard just what he knows about EA today says they have a 2 train project from the start is very bullish. Also his statements that PNG LNG being 80% complete (shows how recent this interview was) puts PNG on the map as being a viable producer of LNG, and that the "cost blowout" that the project has seen is very modest compared to those in Australia AND the majority of that blowout is due to the movement of the Kina currency says a lot to any banks; PNG is a good place to be and with some proper management the currency risk can be minimized. So the old saying can't be more relevant; "Come to Papua".
There is little doubt in my mind at this point that a deal announcement is not far away. Byker made it crystal clear that the BOD can and likely will approve a deal regardless of the CEO situation. That's their job anyways. There is huge risk in being short right now. In fact they may be backing off a little. I saw yesterday where Schwab has dropped their interest rate on borrowed shares to 4% from 7%. Are shorts sending a signal?
There is little doubt in my mind at this point that a deal announcement is not far away. Byker made it crystal clear that the BOD can and likely will approve a deal regardless of the CEO situation. That's their job anyways. There is huge risk in being short right now. In fact they may be backing off a little. I saw yesterday where Schwab has dropped their interest rate on borrowed shares to 4% from 7%. Are shorts sending a signal?