Ann: Shareholder Presentation, page-61

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bluesmoke

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25/09/14

23:21

Post #: 14031017
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Originally posted by sivart ↑

Crash,

Thanks so much for sharing.

On the EBITA, that's even better news than I'd thought. I'd forgotten that Stonepeaks share is based on an IRR calculation over EBITDA. As you say, this actually means an increase in to EBITA of the project has a multiplier effect on LNG EBITA for the project since we get an increased share of an increased total.

I had thought I'd understood correctly that MB was talking about the race being in relation to financial close. Even if BH comes close to Magnolia that puts FC for BH at, I believe, 6-12 months earlier than has been suggested so far.

On the MLP, this aligns with what I'd started to believe was the main hinted intention for some time. I won't bother boring everyone though and going back over the general concept of what I suspect they are intending. As for the listing here being for some time, there is no reason they couldn't mean it'll take some time for anything to happen, they could mean that the first step might be to switch from and ASX + ADR listing to a CDI + US listing arrangement (at least initially, before a US only listing).

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Thanks for the feedback smokey & crash. I'm really loving the morale on here as of late, everyone updating shareholders, keeping our fingers on the pulse.

Siv the money man it would be great if you could share the type of MLP structure and possible future ratios just to get us a little more excited

LNG Price at posting: $4.35 Sentiment: Buy Disclosure: Held
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0 Great analysis

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