I agree Andy, it's just unfortunate that the proof is in the pudding right at this point which has driven a lot of us to question our sanity of late caused by levels of frustration rarely seen. Again, I agree that G.V. and J.B. will get the job done eventually. When, of course remains to be seen.
As Possum pointed out, there are insto's who shelled out $170m odd who are currently still holding. Seth Klarman's Baupost is the biggy and he's had the chances over the last few years to cut his losses in LNG and move on. But he hasn't. He would have been on the blower regularly to Greg asking where do we stand? I want to get my $4.35 per share back and then some, he would say. Whatever Greg has told him behind closed doors has no doubt convinced him to hold on. Seth is one shrewd operator who will not want any nasty blemishes on his record. At the moment, if it's good enough for him to keep holding, then it's good enough for me. If he ever sells before BTAs are done, we can all legitimately hit the panic button then. In the meantime, wait we must.
Ann: LNG Limited extends Meridian LNG Offtake Agreement, page-35
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