06-20-2012, 06:53 AM
VS, that's not the point. The point is strategically IF the winning party wants to keep Duma from getting any credit and momentum for the voting, and feels the need to announce a deal subject to the new NEC approval, it would be wise to wait until voting is done in his precinct. In the post AGM Phil said clearly that the different bidders could have differing needs as far as announcing a deal. He used utilities as an example. For instance, if JKM gets the bid, Japan as a nation has a lot of uncertainty regarding their energy future. In fact the pressure is on to restart some of the nukes to avoid a rationing of power and further damage to their economy. LT most people in Japan are scared to death of nuclear power, in fact a recent poll showed there is MORE fear now than just after it happened. Japan is unde great pressure from within to secure safe and secure energy sources. They may have the desire to announce before other bidders might. Collin stated the same. IOC's desire to be safest is to wait until the new government is in place, which is wise. So there is some ncertainty as to when an announcement. COULD be made.
Secondly, Japan has made it clear that a stable government is necessary for future investment (as stable as possible anyway). There seems to be a bit of nervousness about what stability there might be with a Duma not only getting elected, but carrying very many MPs wih him. They may want no Duma or a weak Duma. Voting clearly is over July 6 per the PNG Elections office website. There is language on their site indicating that different precincts might vote at different times. IF Duma and Somare's precincts voting is complete on or before June 30 (for instance), it might be wise to avoid any announcement until at least then to avoid his taking credit for bringing this project home. At the latest we know July 6 is the last time anyone can vote as far as making a difference.
Not saying the only way for this to be signed sealed, delivered and NEC approved it must be done by the new government, but there is a chance an announcement COULD come before and not be binding until new NEC approval. Even Sir Rabbie stated that whomever becomes PM will approve the project; it's a matter of having as cohesive a government in place as is possible. These companies and countries have seen too much trouble over the last 5 years.
Secondly, Japan has made it clear that a stable government is necessary for future investment (as stable as possible anyway). There seems to be a bit of nervousness about what stability there might be with a Duma not only getting elected, but carrying very many MPs wih him. They may want no Duma or a weak Duma. Voting clearly is over July 6 per the PNG Elections office website. There is language on their site indicating that different precincts might vote at different times. IF Duma and Somare's precincts voting is complete on or before June 30 (for instance), it might be wise to avoid any announcement until at least then to avoid his taking credit for bringing this project home. At the latest we know July 6 is the last time anyone can vote as far as making a difference.
Not saying the only way for this to be signed sealed, delivered and NEC approved it must be done by the new government, but there is a chance an announcement COULD come before and not be binding until new NEC approval. Even Sir Rabbie stated that whomever becomes PM will approve the project; it's a matter of having as cohesive a government in place as is possible. These companies and countries have seen too much trouble over the last 5 years.