RE: Cavendish Note out this morning...12 Mar 2025 14:45
I think what he (ALLI) is saying asking in the capex decision made to allocate those "constrained" funds the right questions (or any question, lol) were being asked, as to the determination of immediate requirements for said capex (materiality) and pay back rates at that time?!
We do seem to be waiting an awful long time to get to this to work, anywhere near to capacity, so at this juncture that is a fair question, is it not? IMHO.
It's a bit like the "amazing" bridge. Surely, oh surely such questions were asked (and subsequently planned for, lol) in the risk assessed (security and transportation weighted allocation) at time of rig decision, so the need and timing for bridge was already a long known known?!
Again all IMHO!!