Ann: Australian Geophysics Programs Update, page-21

I did not laugh at SH's.... I said they would be taken for a ride. whether within or out of their control , ICG have not delivered on any SH value and return in over 5-6 years reading the Ann's and watching the SP graphs. you cannot count Riqueza as they caught a lucky break with S32 walking after funding but we can give credit to Covid for that. don't think ICG actually did anything on that point or drove a hard negotiation.... so really, all they have done with great success is CR after CR..... OB's won't be in the money. another round of options which I predicated will lapse. they will then have to rely on the 2022 options not lapsing. I wonder what they will do for funds between now and 2022?