MIN's timing

Will MIN make a move in regards to EGO?

My view is yes, but when is the real question.

Does their agenda regarding access to gas afford them the time to wait out til the debt is due? If yes then it would not surprise me if they insist on repayment of the debt at the expiry of the term, is it two years or three? Remember that EGO and MIN have publicly stated differing time frames for the debt and it has never been clarified why there is a discrepancy.

If EGO cannot repay the debt in full at the expiry of the term then MIN could force us into administration and given the last refinancing debacle I don't have much faith in them being able to do so.

If MIN cannot wait til the expiry of the debt then I expect to see them involved in a deal for funding of new drilling which would see them gain greater control over EGO or our assets, ie a farmin or placement.