What are you smoking Birch? Your memory shot! I stated when you trumped the remuneration alignment months ago should have been on sp milestones - that is a far greater alignment than progress milestones. We voted and retail have a strong say currently - his comment that his freebies had to be voted for - of course he knows by which time all the Insto's he has supported will return favor and our retail vote unfortunately is totally diminished. End of story. They all do it - look at O'leary at Iluka earlier in the week and freebies over years he has amassed worth a motza - even though the company is floundering he still gets his lot - they all do the same.
I acknowledge a lot of wrongs - why are we post debt closure so far behind with equity closure? Why the instant SPP to Insto's a day after debt closure? to name a couple. I have my answers - pretty simple really - give Insto's time to accumulate more at super low premium at this late stage - because these Insto's will provide equity needed along with remaining off take equity - we retail can not make Nolan's FID - the for mentioned will - then we re rate - depending on the terms achieved in equity closure as to how substantial that initial re rerate - and on further project construction milestones achieved - budget milestones - product demand arriving - attached pricing increases - commissioning.
ARU Price at posting:
15.5¢ Sentiment: Buy Disclosure: Held
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