I wonder why they would choose to do this now? They have no immediate cash needs and they are still some months off taking FID. And the SP is in an uptrend so normally you'd wait for that to play out.
Might be something more strategic at play here - bulking up as a takeover defence? They are still looking pretty undervalued compared with some of their peers, and have been subjected to shenanigans from Senex and Dawney.
AWE Price at posting:
56.0¢ Sentiment: None Disclosure: Not Held