Rusty and co. can get us an offer, and if it’s good enough I will take it, but don’t they only own about 7%? So we get to decide. They, as directors can make a recommendation, but ultimately we decide.
If they try anything stupid or crooked they can just as easily be ejected by as shareholder revolt, as easily they installed themselves. With 7% the bar for a countercoup is very very low.
kkw,
you may well be right, but I am not holding my breath on such a short timeframe.
What I see is there were some very real barriers to an FID a year or so ago, but these are abating. Seems to me the three core ones were capex uncertainty, regulatory risk and competing projects. The first two appear to have much improved and the two competing projects will hopefully getting past the point of competing for the same management skills. A farm down could resolve any capex competition issue.
Happy to be patient, but with much lowered value expectation post FID, but still well up on current sp.
EL
Rusty and co. can get us an offer, and if it’s good enough I...
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