Here's something for the weekend.....NAIF held 13 board meetings...

Here's something for the weekend.....

NAIF held 13 board meetings last year (that's at least 1 each month ).

As a final step befire NAIF project financing is offered to a project it must be approved by the NAIF board.

it appears that most often the NAIF board meets very close to the last days of each month.

the last set of funding announcements were issued on February 1st, presumably following a NAIF board meeting on or around 31st January.

the Cocburn NAIF approval was announced on the 1st October 2021 (presumably following a NAIF board meeting on 30th September).

the Hastings project NAIF approval was announced on February 1st (presumably following a NAIF board meeting on January 31st).

if we take a lead from the milestone timeline diagram in the half yearly it appears that SFX anticipates to have finance DD and term sheets complete and in hand by midway through the first quarter (nowish). On that basis one would think that the internal SFX expectation is to receive a NAIF decision around this time.

Given that the pattern seems to be that NAIF meets at the end of each month, the chances of an announcement on Tuesday (1st March) regarding NAIF funding are higher than average.