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Ann: Province to progress HyEnergy Project without Total Eren, page-19

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2,259 Posts.

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07/03/23

10:42

Post #: 66639871
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Originally posted by camban: ↑

The absolute worst part of this is their deliberate decision to enter a halt and suspension to avoid telling the market what was a fact on the day (16 Feb) - the term sheet had expired therefore the prospect of a JV with TE was over - until they could put together a rushed award of half of the PFS to announce today in a half baked attempt to offset their abject failure to negotiate a deal. I simply do not believe the expiry of the term sheet “crept up” on DF - the company clearly had to have known negotiations were not on track for quite some time.

Forrest would be great but he was on record last week indicating H2 projects were now going offshore, and in any event PRL is over a barrel now when it comes to striking a deal with FFI. We have a few masts, no land owned just rights to gather data from it, data from the past ~12 months that Total has walked away from, a couple of utes with interchangeable magnetic logos on the side, and HIGHLY OVERCOMPENSATED executives raking it in for months of sitting silent blaming Total for gagging them. Outrageous.

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On top of that they have bonus in place for executing a PFS this. So no matter if the project goes ahead they still get their $$$$$$$$

PRL Price at posting: 3.4¢ Sentiment: None Disclosure: Held
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