SP coasting up to $1.60
Front page news in The West Australian.
400 mil up front from a huge company in Alcoa, who were the foundation customer that got the Dampier - Bunbury pipeline going in the first place so there is HUGE credibility in this deal.
Alcoa making a very, very sound long term investment here as the DBNGP domgas contracts expire soon and there won't be much going down the pipe at low prices when it can be liquified and sent to Asia for higher prices.
So it's either a big poker hand bluff (very, very unlikely) or someone knows something very big is very likely to happen in the Canning.
Hang on for the ride, it should be spectacular whatever the ultimate outcome.
SP coasting up to $1.60Front page news in The West...
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