Well they have agreed to terms so the internal approvals are probably just confirming the conditions I would think. At any rate it is subject to Strike’s own FID.
Now what would normal happen is the bank and customer would discuss the proposal. The bank’s officers would then take to its credit area to discuss the proposal and what conditions need to be met to get final approval. If the bank isn’t interested, it would decline outright.
Macquarie do hold all the aces given none of the Big 4 I believe are interested in financing new gas projects.
STX Price at posting:
22.5¢ Sentiment: Buy Disclosure: Held
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