I think the first thing the board should do is get this WE FID out in the open, what is the status, are we being played?
Walyering East can wait, not a huge resource and I can't say the drill results were very impressive, nor the follow up test timeline, maybe its just been parked as to not risk further SP loss.
ED - 3d survey only just approved so could be 6 months away before we see figures. This is one reason it would be good not to sell WE unless a premium is paid or delayed payment as per Lockyer/Nth Erregulla.
One thing that caught my eye on announcement was "funding alternatives at project and corporate level". I just hope the current scenario hasnt come about due to a cashflow issue/overspend, or an issue with Macquarie, rather than our assumed disagreement between BoD and SN over WE.
The quarterly will clear things up. I wonder who will present it?
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