Mar. 21 at 4:35 PM
$NFE @BioAB at least we are not at ZERO (if UK RP is completed)!!!
That means hope for recovery of some value greater than
$1 (otherwise all of us bagholders could have sold months ago and gotten more).
Supply agreements from Venture Global are a real asset. Think about value (DCF on potential spread between HH and Dutch TTF or JKM on 2.5 MTPA for 20 years). It’s a lot more than
$300 million.
Question can they pay down preferred, and if so how much to prevent even further dilution. Means this is multi-year recovery.
I’m waiting to see if stock breaks down further, with idea being effort to buy dip (equal number if shares relative to current holding for the last time, maybe around ATL) then take tax-loss 30-days after purchase but before UK RP is complete.
Management lacks credibility, yet somehow wants us to believe Nicaragua is suddenly viable after no progress for years. It’s a zero until proven.
IF UK RP is not complete, this is a zero. So risks remain.
