It will be interesting to read any commentary if they pool that...

It will be interesting to read any commentary if they pool that PNGLNG selldown $ and only pay out 40% or return 100% when fully received and possibly do it as a cap return ?

As discussed above if it isn't tax advantaged with franking or cap return I'd would rather see $ remain in STO and internally get better IRR either paying down debt / cap infrastructure and actually working hard for shareholders. I can always sell shares at my convenience and manage my tax and income requirements.

Market off 30 points and WDS now under $30 so the initial blip of relief rally when they didn't acquire STO didn't last the distance and they have div announcement to come.