Some very good comments and analysis guys... However, there are some key issues that I think are relevant... These are of course personal views and I am happy to take on board any alternate views.. Firstly, the key individual who negotiated the QGC t/o with Sunshine gas is not on the current board and has not been involved in the Mahalo deal with Santos... Secondly, in my opinion the absolute key to the Mahalo deal going forward is the timing of FID... The quarterly report released today is very informative on their operations plus financial status but not a single hint on project timing or even FID timing... If one were a cynic, one could say the longer this drags out, the tighter the COI cash position will become... Given that cash is now basically debt funded, timing is even more critical... There is now only one party in this agreement that will gain the longer this drags on...
COI Price at posting:
19.0¢ Sentiment: Hold Disclosure: Not Held
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