There seems to still be a few moving parts around this @Mikey74....

There seems to still be a few moving parts around this @Mikey74. Pilot need to "demonstrate sufficient finance sufficient to cover the Cliff Head abandonment liability and commence the CCS project."

As of 31 March Pilot had $1.9m vs TEG Triangle $11.3 in cash and receivables. ($3.3 cash +$1.5 2nd tranche placement, plus $6.5m Cliffhead)

Pilot have an MOU with Samsung however that is still conditional and non-binding. They also added the following in their latest quarterly

"The Company is also currently negotiating with a substantial Australian operating resource company which is seeking to secure access to the Company’s existing operations and infrastructure which if concluded on the proposed terms currently under discussion would provide the Company with potentially material trade and acquisition proceeds by approx. mid 2024."

Until PGY has had the chance to advance these options and there is a clearer path to sufficient finance it may be easier for the minister to sit on the approval? I would like to be proven wrong, hopefully the approval drops this week.