However I would think Cassini is just going to be similar to the mines that there is history on, just that there were some gaps in the (boring) pre start work. In the medium term it will work out fine.
Wrt Wyloo, obviously we have no idea, but it’s worth noting they went from a large MTM drawdown on their 19.9% holding on Monday to no such problem a few days later thanks to what most people thought was a low ball bid. The question I wonder about is did they expect to be getting filled at $1.40 like they started to yesterday? All just rubbish speculation of course.
MCR Price at posting:
$1.41 Sentiment: Sell Disclosure: Not Held