SG can't control the market price. Unfortunately, the critical piece for this project will always be the local and federal government's, and as we all know are not the most efficient.
The landing zone is there, the question is now will the relevant Aussie government agencies provide the ability to QPM to land?
At this end of the market, I have experienced success and failure, and each time it is the same story. It is dependent on the government.
The failures were at the same stage as QPM, narrative there, MOIs etc, but the local Governments did nothing to encourage the project so they were unable to get the debt because the private equity were not interested.
SG has enough experience and understands that the debt syndicate is the best way in attracting equity stake. Realistically, a 60/40 split would be guess (60% debt).
So we will wait and see
DYOR
Associated News, page-217
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