Well, as we hover just below the 30c level I am finding it hard not to start thinking of what may lie beyond an increasingly more likely refinancing.
We now have a Labor minority govt commited to appeasing the minority Green and independent members who made it happen. Imo, we can expect:
# A Mining Profits Tax to introduced
# Coal Seam Gas (CSG) to be under close environmental scrutiny for Gladstone LNG and the corporates lined up for the various consortia can look forward to being swept into the Mining Profits Tax
# A term of unstable, ineffective government and policy.
So, given the above and given consolidation of the Australian CSG industry over recent yrs, can we expect a step jump of interest in European CSG from freed up Australian exploration talent?
Yes I am a bit ahead of things, but I am beginning to feel the ducks are starting to line up.
Cheers
Dex
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