Ann: Noosa Conference Presentation, page-121

Yep - Derisking of course, I forgot about that. Sort of a numbness in my head after 25 years in the low cap exploration market.

Thanks. But whatever, I am quite sure we will meet again at well above last years top.

There is another possible scenario, which is not easy to foresee - say BHP (or another) was watching. They might not be interested in seeing AW1 doing DSO, but rather deep drilling to derisk a move by them.
Yep - even a BHP is sensitive to risk - and the bad vibes a failure can cause in the rareified air of the New York fundies.

But we should not be so distracted atm.