The pertinent question today remains: why was Gina prepared to pay for so much for a 50% non-operated stake?
As many people pointed out at the time, Strike controls what she can and cannot do with the WE asset.
And as many people at the time also pointed out, Gina's last minute intervention (with MIN's help) looks like a strategic blocking stake (i.e. Beach) as she puts together her wider basin strategy. It's not too dissimilar to what she did with Liontown. I think her overarching strategy will be revealed soon, and I think it will involve a Lithium (and gold) processing precinct (alongside MIN), which will require huge gas resources.
If so, Strike is obviously in the crosshairs.
shorts, page-693
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