No, not at all. Everyone recognizes the change in energy supply once the Russia Ukraine conflict began. Russia has gone from selling gas to Germany and Europe to selling to China and India once Nordstream 2 was blown up.
The gas supply is now heading south, thru Mongolia. The company recognized this and pivoted to the Queensland assets.
The IJV draws a line in the sand, ensuring we no longer need to spend money in Mongolia, and if the program is successful we are paid.
EXR Price at posting:
3.2¢ Sentiment: Buy Disclosure: Held
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