1/ Orbost isn't COE managements fault but the market will punish them for it (slow rerate as things improve)
2/ The GSA's for Sole will mean we won't need gobs of money to fund the OP3D and upgrade Annie.
3/ Poor communication and disclosure - most of us would agree with that. Maybe not a day by day update, but a little more explanation and detail about what they were trying to do. When everybody was looking at the daily AEMO readings it was stupid not to. Management was losing gobs of trust.
In the December Investor Pack - OP3D is a proposal to bring ">120 PJ of gas from Henry-3 and Annie-2 via Athena Gas Plant". Never lose sight of the medium term prize along with Manta.
To be honest, I didn't think Henry had that much left or Annie-2 must be huge.
Being an investor for the next 5 yrs, there is no way I want COE taken over by Beach or anyone else. The T/O price will be at a massive discount to what the results of the OP3D will be worth.
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