Day to day discussions on S/P, page-12491

Business as usual.. AUS $ going backwards makes partnership more attractive and cheaper for suitor

PLS own 100% of this rig and that means someone else is going to pay the Capex for everything basically post stage 1... that's the beauty of it

even if they had to raise for stage 2 as no acceptable deal came through this would be OK ( but it is not going to happen)

22kt May (big improvement) shows they are capable and close to nameplate..

Elements of Stage 1 & Stage 2 offtake on the table as well shows that they want to sell production.. surely current offtake contracts would protect the seller on paper ( ie not being able to honour volume in purchase agreement) even if purchaser has good reason ie capacity restraint as quoted

PLS come out publicly to say reducing production blah blah to accommodate current offtakers but I believe as they refine the process they will not waste that time in terms of shopping the goods

tough day for holders but y know it goes both ways unfortunately traders had to exit today they have no choice

IMHO it is far better to get this continuing disclosure regardless of good or bad news.. if you don't like it you know what to do

GLTAH