If the interest in the company picks up and we get some more buyers, then the SP ought to pick up too, given the fact that top 20 shareholders own more than 80% of the shares and I think most of them are here for a long haul. So we could see more buyers chasing fewer shares.
Aparently the aproval for the NSW wind project should come before the end of the year. They do think pretty slow here in NSW but we might get a Xmas present.
Talking about doing things slow in NSW, I have heard minister for education NSW explaining how things work here. Any proposed project, say new school block will have to wait about 4 years before a shovel touches ground. Just for community consultation they allow 18 months. Rest of the time they aparently look at papers. No wonder nothing ever gets done on this time line.
In China they would have uni graduates from similiar project, while most likely future for NSW school block will be getting scrapped due to changed demographics.
CBD Price at posting:
14.5¢ Sentiment: LT Buy Disclosure: Held