I was just thinking about this over the weekend - the trade of...

I was just thinking about this over the weekend - the trade of Pandora interest for KPL shares was a decent move by CMT. It perhaps provides an insight into the desires/intentions of CMT management - to grow organically (PPL 435-437), by acquisition/accumulation at the asset level (PPL 38) and corporate (some KPL shares, a start). That is why I am hoovering/snaffling up whatever I can safely allow, in this stock.

re IES - is my understanding correct: IES can earn a $25m payout (25 per cent x $1m/percentage point) if CMT farms down PRL 38? so by that logic, CMT's interest in PRL 38 is 40% less $25m? If so, that's better than I thought. I think PRL 38 may be worth a bit more that $100m....