I'm guessing Macquarie want agreements in place to lend against, particular if they are to provide the $80m facility for the SE plant, financing a key component of the construction going ahead (also pending flow results late Jan early Feb?).
So now STX achieved 33TJ/d with no issue, they can more safely commit to other off take agreements for the remaining uncontracted gas (like this announcement). And hopefully then Macquarie hit the green light on the finance.
I do agree with you though one day at nameplate seems like a short timeframe to gain enough confidence it can be sustained, but hey I'll leave that to the experts.
IMO
I'm guessing Macquarie want agreements in place to lend against,...
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Last
24.3¢ |
Change
-0.003(1.02%) |
Mkt cap ! $686.5M | |||
| Open | High | Low | Value | Volume |
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| Last trade - 15.12pm 15/05/2024 (20 minute delay) ? |
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Last
24.0¢ |
Change
-0.003 ( 1.03 %) |
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| Open | High | Low | Volume | ||
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| Last updated 15.30pm 15/05/2024 ? | |||||
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