My reading of the Osaka deal indicate a fid requirement for 130m payment. Is it just a deal that's required rather than a fully funded project and material capex expended on delivery of said project. If so a new team or TO could achieve that providing the new conglomerate sign the deal?
That said a cashed up suitor could drive the deal. Which would mean we are worth an additional bankable cash amount if 130m in the near term?
To me this is bankable equity which could be unlocked in the near term for shareholders with the right corporate action. Why should we wait ?
Dyor this is theory and speculation on my part base on my own reading.
Developing PNG assets, page-64
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