That’s the knee jerk reaction. Kogas is a gas behemoth so a...

That’s the knee jerk reaction. Kogas is a gas behemoth so a director resignation initially looks bad. This is until you read it’s because Kogas has an equity stake in the Santos GLNG and wants to avoid potential conflict of interest.

Then it suddenly becomes a positive announcement. The conflict of interest is a bit harder to answer. My initial thought wasn’t that it was KOGAS/Santos after something but a competitor, i.e if we buddy up with APA we will then be indirectly competing against Kogas/Santos who really shouldn't be privy to these discussions.

This is all just theories. Trades are changing, calling 17c+ by the end of the day =).