Nice summary RR.
Re potential TO target, per announcement on 17 Nov 60% of daily gas sales from the phase 1 SE facility are now contracted, conditional on FID.
Now if you were MIN/Hancock or other wanting gas for downstream processing of lithium/other minerals, surely you would want the gas uncontracted so you could keep for yourself. Also if you were acquiring for internal use of the gas surely you would want to buy at pre policy review prices and not pay for any LNG export impact to the market cap.This is putting pressure on them to strike pre FID.
I wonder if its best Strike wait until the policy review before making FID on phase 1 in case it becomes more suitable to build multiple phases at one time...?
Either way H1 should be very interesting.
Nice summary RR.Re potential TO target, per announcement on 17...
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