re: Ann: Funding for the Fisherman's Land... In these markets, i...

re: Ann: Funding for the Fisherman's Land... In these markets, i cant see a SPP or rights issue been above $3.25. Maybe even $3.

A premium has always been implied in the AOE SP due to Shell speculation...yadda...yadda...


PPL in the industry i speak to tell me that is rubbish and run ouf of London by London long speculators knowing they can create a lot of noise re-anything to do with Shell in Europe and London.


Unless they get a significant industry partner to assist in funding - Shell ideally - in what will be the soon issue - then a TO is dead.


I subscribe to the Deustche outlook. T/O is not on the cards. Disregard it. And in these markets CSG is looking very average at best.