Ann: Proposed issue of securities - MMR, page-5

You would think that David is behind the scenes formulating and actioning a plan to encourage The Labour governments of both NSW and Federal to forget about off the cuff stupid comments and Man/Woman up to allow the extension to the PEP11 permit for the purposes of confirming in the PEP11 permit can assist in the energy transition from Coal to renewables. Surely by now Labour gets the fact that their 100% renewables plan is destined to fail unless they include a portion of despatch-able power that is Gas generated.

I would suggest that an update might not be far away on the course of action David has decided to take and that these pollies are surely not that dumb to keep digging their heels in by not approving the extension.

GLTAH as the option conversion I take as a positive sign too.