It's called hedging your bets ,we have still got potential of 20tcf in Mongolia with no money to spend ,so we can use all money we have on Grandis to crack the code and get Queensland going ,with a deal to either take the bare minimum and recoup money we have spent in Mongolia so far if it ain't that good ,or stay in if it is imo it's a great safety deal for us under current market values etc we just don't know how much water is down there and how long till we get enough out ,for all we know the water level has hit a point where the Coals are connected all the way to tmk just for eg and needs another 6 months just to pump that level out etc ,the time to do this is hindering the sentiment of the stock so imo as Mongolia is the time play we are best to be able to totally concentrate on Grandis ,while keeping 49% free carry for free in Mongolia
EXR Price at posting:
3.0¢ Sentiment: Buy Disclosure: Held
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