IMHO a large % of the yes vote were due to shareholders being complacent or unaware (shares held in a fund etc.) . By default the chairman gets the vote. The chairman voted sell. We lose.
Funny now that the headlines are...
https://www.accc.gov.au/media-release/looming-gas-supply-shortfall-for-east-coast-market
Looming gas supply shortfall for east coast market
17 August 2021
A supply shortfall in Australia’s east coast gas market is increasingly likely, especially in the southern states, the ACCC’s latest gas report reveals.
The report, released today, reveals a finely balanced supply outlook for 2022. A shortfall of 2 PJ could arise across the entire east coast gas market next year, driven by a shortfall of up to 6 PJ in the southern states, if LNG producers export all of their surplus gas.
This forecast is dependent upon demand from gas powered generators decreasing to record lows, and a material volume of gas from currently undeveloped reserves being supplied.
IMHO a large % of the yes vote were due to shareholders being...
Add to My Watchlist
What is My Watchlist?