05-13-2016, 10:52 AM
'jft310' pid='69167' datel Wrote:Perspective time Oil fell from $110 to $27 LNG is priced off Oil Fact is if oil price drops LNG price drops Interoil is in the LNG business Many oil and gas companies are going belly up. Interoil can print shares any time it needs money . The exact size of our asset is computed off a 3 year old report . Causes confusion etc Not to say the pay is not out of whack to some degree. The environment is tough is a fair statement
Seems to me JFT you have often but not recently pointed out to us the certification price we were to be paid was independent of the oil price. That, and at no time has Total utterred any suggestion that they are backing off on their new and major entrance to the Asian market via Papua LNG. They just spent over a billion for Saft, a battery company. For some inexplicable reason however they evidently hold the only Certification trigger necessary to pay IOC and have felt no reason to pull it. What a great contract MH negotiated, right again?
Your view of printing shares is immediately analgous to a young kid who thinks money simply comes out of an ATM card. Dilution isn't the solution to pollution here, either.