Shareholder vote in late May & COAG Energy Council

I am putting forward the following thesis and would welcome constructive feedback.

A number of posts on HotCopper have rightly pointed out that GSA's cannot be entered into by CTP until agreements with pipeline operators are signed.  Agreements with pipeline operators (namely APA) cannot be signed until new legislation comes into effect on 1 May 2017 to mitigate the ability for APA to abuse their market power.  My understanding is that arbitration that was previously unavailable will become available to curb abuse of market power which should equate to cheaper transportation costs for CTP and therefore higher profits.  Is RC merely buying time until he can sign his first GSA in May 2017, if he can sign a GSA prior to the shareholder meeting, it will allow a legitimate reappraisal of the MB offer.


https://www.claytonutz.com/knowledg...t-reforms-to-the-gas-market-regime-on-the-way
http://www.coagenergycouncil.gov.au/
http://www.coagenergycouncil.gov.au...s/documents/9th Energy Council Communique.pdf