Hi all,
During some research today I came across the following on NAIF's website - Not sure if this was brought up at all.. Everything seems to get lost in all the bickering.
Given the QLD Government Support was announced on 15/07/2020 this seems to be very convenient timing and would validate AUZ's commentary around it being consistent with their expectations
Commercial in Confidence Project, Queensland
On 30 July 2020 the NAIF Board made an Investment Decision to offer a Financing Mechanism, being a loan of up to $76m, to a Project Proponent for a Project in Queensland. Specific details of that Investment Decision including the name of the Project Proponent and goods and services involved, remain commercial in confidence as the Project Proponent finalises project development and commercial negotiations. NAIF will update information on this webpage once those negotiations have concluded. Financial assistance to the Project is subject to a number of conditions including the finalisation of the Queensland Government’s consideration and agreement for the approved funds to be advanced.
(https://naif.gov.au/corporate-reporting/naif-investment-decision-notifications/)
Obviously purely speculation but does seem to link up well.
DYOR
NAIF News
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