Autosime, i'm not convinced by direct cash flow from the KIL / Nobrac investment. Think it will be indirect.
I have compared this report as directly as i can to the last corresponding one. Maari's 'future as such', depending on definition and my judgement, appears exactly once and in only 1 section of last years report. In todays announcement it is mentioned 5 times and in 3/4 different sections.
Jadestone offered $50m for the OMV stake i think? (please correct me if i'm wrong) The KIL / Nobrac investment was directly linked in this report to offsetting Maari emissions as a 'hedge'....interesting language?!?!?!
I am purely speculating, so no advice etc, but i think with the increased rhetoric around Maari something will likely materialize in the next period. OMV seem to want out, HZN is the next biggest shareholder, and we have the $$$ in the bank. But don't listen to me!
HZN Price at posting:
16.5¢ Sentiment: Hold Disclosure: Held
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