100% nativeowner - certainly not what some have referred to as traders. BEOT our wonderful supportive Insto holders at it again - time and again management provide delays to then provide this same play - DC knew once again they would not deliver on the recent guidance of financial close EOY and FID first quarter. Or is it a different play this time? - not just past accumulation by tree shake.
They are either setting up for a substantial discounted SPP for the 10% equity shortfall that DC said they would tap our cornerstone investors for aka our long term manipulating Insto substantial holders OR a discounted takeover certainly can not be ruled out - ASM then ARU? Ms King may have a say in such yet it would save the FED a shitload in loans and equity support.
Previous Gina first substantial 10% acquisition monies went to HATCH for FEED design completion and improvements and early site works 30 million thereabouts. Nothing of the 570 million cash in the quarterly has been designated to early construction works this time - long lead items etc only minimal to HATCH again to deliver flow sheets for improved heavies recoveries.
Any potential approval by shareholders for takeover would fly given the Insto's involved have accumulated so much stock. Yes the sector is down but somethings on the nose - nothing more than another manipulated tree shake? pending SPP set up? takeover?
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