Very well put PS, your reasoning regarding OCJ certainly would explain the inordinate amount of time it is taking to put a revised JVA to us.
That position would also mean that an extremely favourable deal must be the outcome otherwise it will have absolutely no chance of success given that OCJ along with TIO would not be able to vote given their hands on involvement with the deal structure.
I also totally agree a deal involving the whole FMS, both PIOP and Canegrass, is the preferred resolution going forward.
Just my thoughts DYOR.
FMS Price at posting:
45.0¢ Sentiment: Hold Disclosure: Held
