Congratulations to the NRZ team.
Putting aside the many long-term NRZ shareholders that may benefit in SP appreciation, this deal has national significance. You can bet that Albo and Penny and Canberra in general are excited by about this deal. This BINDING agreement significantly builds trust between our two nations and could lead to greater thawing of relations between our two countries. No one can under play the greater value of that for our Nation.
NRZ appear to be setting a national tone and leading the charge in how-to do business with the Chinese. A relationship that can’t be ignored because it is clear that we need each other and that can only be a good thing as we progress to restore and build trust going forward.
For NRZ holders, this is could be a very clever bonus project win as it provides access to a ‘significant revenue stream’.
However, that aside, we still have 5 major projects that are at the advanced stages of 'imminent' completion (Gasification, power plant, ammonia plant, urea plant, sequestration plant). Closing the 30% financing gap required with our ‘strategic partner’ whoever that is, may have been enhanced dramatically by this outcome.
Right time, right place and all the right products. Exciting times!
AIMO, DYOR, GLTA(patient)H
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