a few scenarios to consider from where we are from today's announcementall speculative on my part)
-Jan/Feb will see flow rates that have been achieved for a decent period of time - this will ultimately determine if the project is commercial: if yes...
1. you would assume that this would trigger Orica to take up there entitlement (of more shares) at 10c and commit to funding the project...not sure of what there total interest would be..but makes things very interesting if another player wants in...or Orica themselves may take a bigger interest to block...
2. someone looks over the current data...likes what they see...takes an interest before official flow rates...(yeah I know probably unlikely but we are talking about a massive resource and the last few months have derisked considerably.)
3. Beach's interest in the other PEL permit...if davenport proves successful..they may want the lot...
4. An overseas major buys the lot after solid flow rate numbers come in during next year...
Of course if flow rates don't live up to expectations there's only one place where the shareprice will go....
I'm sure there are plenty more (scenarios) that others can think of but the 1st few months of 2015 are looking very interesting...happy Xmas to all...this would have to be one of the best threads on H/C...many thanks to all.
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