bru has been shorted for quite some time without dropping so badly.
the drop co-incides with the JPP announcement.the reason should be obvious.whats the point of having enough gas to service WA for 100+ years-what is needed to enjoy great profit is an ability to export that gas to asia as lng.that prospect was delayed by the abandonment of JPP.
recovery will come as the market realizes there are other alternatives-like piping thru the pilbara.
Ann: Corporate Presentation , page-8
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