It could be that the piece by piece approach to permitting acts like a poison pill. ie ongoing doubt about the next block getting permitted. This may also have an effect of reducing any ongoing optimistic premiums built into the price. A sought of magnifier of the current general market sentiment.
The up side to this outcome would be huge annual dividends in the context of todays price coming long term holders way.
The current market sentiment feels a bit like pinata investing. Put a blindfold on and whack away.
Viney
BTU Price at posting:
98.5¢ Sentiment: LT Buy Disclosure: Held
