I think things that would be of concern to London are:
1. Potential JV seems still to be very early days - doesn't seem like they are engaged with anyone at moment
2. Ice2 likely pushed to Q12017
3. GALP payment triggered and this was quickly passed over
4. MM's on LSE sometimes make the price overshoot in London
Good things were:
1. Rock mechanics in 2 weeks ( I thought they advised previously might take months?)
2. Independent resource estimate 4-6 weeks
3. still potential for 100 bagger, used analogy with Aurora having only 30,000 acres
4. CoS now more than double, more than 50%
London not looking happy at all unfortunately. Not looking like the good start we were hoping for.
I think things that would be of concern to London are: 1....
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