Ann: Chairman's AGM Address and MD Presentation, page-5

Very encouraging presentation. Thorough and putting the case well for shareholder value accretion.

It seems no one is giving any value to Haber, just focusing on gas, but would I be right in saying that it looks like their internal valuation is circa $1.5B, as in they say say spend $3b and we can sell 50% to fund that, so they get a $1.5B free carry. Or am I missing something?



As to risk in getting to market...much to do, but I would have thought it is above 0% chance as the market is pricing. Major govt support and the need for food security should make for motivated approvals process. Even if only at 10% that's +$150m or circa 7c / share...?

Lot's to look forward to here at Strike.