The next few months will be interesting for PEP-11 related holders.
Victorian by-elections clealry indicate that the LNP does have a real chance of winning the upcoming election.
I would consider a re-rate of PEP-11 stock being a realistic chance as the LNP and Dutton will be emboldened that their policies and general rhetoric are appealling to those that matter in this election, the voters.
Dutton has signalled that gas is needed and more supply must be found. Relaxtion of exisiting policies will occur to facilitate this supply.
Energy and cost of living will be a feature of this election.
WE know that last election, PEP-11 related stock took off, due to speculation of approval.
This time, chances for approval will strengthen, not simply due to the up-coming court case,( Asset coming from a very strong position), additionally due to the clear LNP policy on energy supply.
Fun times ahead, that is guaranteed.
MMR Price at posting:
0.3¢ Sentiment: Buy Disclosure: Held
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