murchison looks to put up 'for sale' sign, page-29

I tend to agree, though Mitsubishi is already VERY heavily committed so I doubt it's them.

Hence my vote for POSCO. It could of course be someone we haven't considered.

It could also be multiple parties - I said months ago, long before all this mess, that I couldn't understand why MMX wasn't doing what the East Coast LNG operators are doing - Santos and Origin. Santos has sold down the majority of its stake in GLNG not once but several times, and now from memory only holds about 30%.

That leaves them with a much more manageable funding obligation - more like $10B instead of $30B.

I'd like to see MMX do something similar or even sell its OPR stake down to 10% or so. $600M funding plus half of JHEP might be possible after the Mitsubishi payment.

Whatever they decide it sounds like we've got the right men in the job. I'm sooooo glad PK is gone, and his head-in-the-sand, "tell investors everything's fine" mentality with it.