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13:14
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Originally posted by OFL8777:
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I think there is a lot more to this story than we currently know, and its to do with PE. Have to hand it to WPL for the way they have let it play out, maybe FAR thought they had WPL over a barrel and believed they could get a settlement from WPL before the arbitrator handed out the award. Wasn't it a week before the 4/12/2019 which is when the PSC was to expire one of the JV partners hadn't agreed i.e. obstructing the project to the point that the JV may have been kicked out? Have FAR put all their eggs in the PE settlement basket and once it was clear that WPL was willing to make FID FAR had to change tack and could not sort out the loans in time?
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Tend to agree with that analysis OLF...having said that the extended time frame for PE should have been used to secure finance...this latest saga is simply not good enough... I have stated before that I was happy to pursue PE but iin the event that it fails management will need to fall on their swords...
(20min delay)