CBD story was repeated on ABC again this morning. Business Today had a re-run of last night's Lateline Businnes presentation.
Just a correction to my previous comment the joint venture is expected to be up and running in "next few month". Originally I thought they said April, that was incorrect.
Probably a wishful thinking on my part LOL.
Anyway, the CBD forecasts are being taken seriously by ABC news presenters, I have not heard any other independent commentators or analysts.
Certainly, the Gerry McGowan's comments fit very well with current situation and anticipated future developments. High and increasing oil price now and probably in to the future, government determination to bring in carbon price and emission trading to follow.
Wind energy already has a decent size foothold in Australia and is bound to increase. The joint venture about to take place is talking billions of dollars worth of wind farms in Australia into the future. It could become the BHP of wind energy. I wonder what sort of cut will be in it for CBD shareholders.
CBD Price at posting:
16.0¢ Sentiment: LT Buy Disclosure: Held