In actual news related to this sub lol...
German PPI continued to show its expected downtrend yesterday being 0.1% YoY for June 2023. Now, as SG mentioned in the webinar Q&A, some "heat" has come out of the capex figures. My understanding is that the AFS capex numbers were taken at around peak global inflation (if we use German PPI this was August/September for this group specifically, however notably for general inflation figures it peaked around July) then we should definitely be looking to the next few months of figures to start guessing some numbers about how much reduction. Should be going into the -% YoY for the next few months which will provide confirmation of SG's statement, which I don't doubt he is 100% correct on already.
Looking forward to both a capex reduction and opex reduction and seeing those IRR figures higher, which will make us a more attractive investment for outside players aswell as the Queensland Government.
Happy Friday
Associated News, page-1590
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