I think the interesting part of the announcement is the distinct absence of any update on Jabiru 1. It's all good and well to announce the prospect of another $125 million dollars of revenue from Jab 2 but what about the $1.5 Billion "expected" from Jab 1?
So far Jab1 is just smoke and mirrors. Where is the finance? Who is building it? Who is launching it? The silence on these points is deafening and the market is hearing it.
SP before last announcement .004 SP after last announcement .004 SP before this announcment .005 SP after this announcment .005
I also notice that in this announcement the "expected" $1.5 Billion has magically jumped from the $1 billion "predicted" in the May announcement. Where did that come from?
NWT Price at posting:
25.0¢ Sentiment: None Disclosure: Held