It's a difficult question to answer because Hancock don't speak.
Scenarios
1. They are not, STX want to go to FID on WE, gas is there, EP is there, PL is held, at least one GSA is in place, finance is allegedly in place, what exactly would prevent the operator from taking FID and moving the project forward?
2. They are, they are both happy to wait for full details of ED before making the decision, which if true, STX should announce.
3. They are, but it's not ED causing the delay. Once upon a time there were going to be 3 plants, Waitsia, LD, and SE. SE is no longer. LD has some serious question marks. Is the delay because the WE plant concept is being revisited? Has there been a 180 degree turnaround in thinking and tolling via Waitsia is now the most likely option?
4. They are, but Macquarie are the roadblock from an STX perspective?
These scenarios are just my speculation and there may be other scenarios.
Anyway, we wait, which is what the market has elected do, until greater clarity is provided.
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