The March 2020 Corporate Update was clear that funding for Mahalo North will be financed primarily by debt and gas presales agreements,
"It remains the expectation that a Mahalo North development will be primarily financed by debt and gas presales arrangements. Discussions with potential debt funding partners will be finalised once both Mahalo and Mahalo North near FID." March 31 2020 Corporate Update
There is also the Federal Government Northern Australia Infrastructure Fund that could be tapped for funding. If the Federal Government is serious about urgent access to supply of gas domestically, as the Queensland State Government appears to be, this has to be an option. Let's see if it puts money toward the problem that Mahalo North is superbly placed to solve.
V
COI Price at posting:
8.5¢ Sentiment: Buy Disclosure: Held
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