Part two is probably correct but I cannot see Origin, Santos or Shell wanting Mongolian CSG or the H2 in it's current state but Grandis is in the game should it flow commercially.
If it was flogged off separately your options and heads would be growing in value throughout the Grandis negotiations and if it was a JV same thing so come Sept 2026 you would have to convert or sell prior.
Lot of variables like a nice dividend or a share buy back and I wish I was a fly on the wall in NY's office, this is all speculation but would have to be voted on whatever path we head down.
Regardless of what happens I love the position we are currently sitting at!!
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