Nothing new in this announcement... Same old stalled story... Key takeaway for me is on page 12... "1H priority is to agree JV timing for first Mahalo gas"... I agree that it is a critical priority but they have been saying this for several years now.... There is no JV agreement on timing for first Mahalo Gas...!!!... Any other speculation on Mahalo is irrelevant until this is sorted... The main player here to convince is Santos and they are in no hurry.... They would prefer to buy COI out cheaply... We will more than likely see the same comment above (but changed to "2H priority) around mid year at the next capital raising..
COI Price at posting:
7.4¢ Sentiment: Hold Disclosure: Held
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