Ann: Japanese Consortium Update on Progress on KNP Goongarrie Hub, page-19

I wouldn’t get too wound up in the date- primarily because it casts our potential partners in a poor light in the way that they changed plans for things that are known to one and all- in that the days of Golden Week/financial year have been a fixed event for decades now ( the Showa era was the longest in centuries ).

So to suggest that’s the reason for the change is like our side ( as a Christian nation ), saying we changed our previously declared schedule because Easter or the end of the financial year is coming. Previously known and very long established things don’t change corporate plans.

It’s mostly the range rate change from BOJ- that’s the only change in the operating environment that took place which therefore justifies a change to the consortium’s plans.

Of course Oz just changed from 11 reserve bank meetings to 8 this year & just had a rate announcement last week too but no change there means no change to our side of the table regarding notations/forecasts.

That is also proven by the open ended and very short term of the extension.

A very small but at the same time meaningful from a long term contractual perspective ( 0.0-0.1% became 0.0-0.1% ), BOJ rate range change occurred with only 7 business days in Oz before the end of March therefore a very short extension is justified.

Basically 1 + 1 = 2

Nothing more, nothing less.

Fun note for any interested in Japan?

Most of us writing/reading here were born in the Showa era & that is something we can touch on when talking to Japanese people- you can even say which year of that era you were born in & everyone will know what year you mean.

Gen X etc? Nah- we are Showa era people & for more fun, this year is Heisei 36, not 2024.