new announcement, page-3

I agree. Maybe it's relative proximity to landholder / CSG success stories in nearby QLD will counter the vocal opponents to NSW CSG.

Many of us have been watching the cash balance and trying to figure how long we can all afford wait before the cornerstone investor is announced and the IPO completes.

This announcement seems to suggest that cash is not really a problem at the moment. Maybe a sign of an imminent IPO announcement!!

Seems to be a clever move (if cash is not a problem) as technical work can be focused at the new site while waiting for blockers to be removed at other NSW sites.

Also makes sense if it is the only PEL in NSW owned by Arrow. I wonder why they included it in the Arrow deal in first place.