Ann: Drilling Update, page-4

Hi @chobbo A quick look at Brexit shows how sides become intransigent

I think there was a time when COB would have coughed up cash in a shear panic about any delay. Times have changed IMO, or as one person closer to the action than I suggested once…. paying BPL twice for the same thing is not an attractive thing. As I read the tealeaves now COB may have wished to mitigate or avoid a dispute in the past at all costs, but those days appear long gone. My own view is that BPL will be diluted completely out of this project. If you felt that was a likely outcome then this is as bargain basement as it gets on the ASX. Market is all about risk, few make much money buying popular stuff, this SP shows this is not popular.Time will tell, no rush here, I expect they will ensure all “eyes” are dotted and the “tees” crossed.

All IMHO no advice given here.

Cheers

Phil.