Ann: CBD not to proceed with acquisition of Neigh, page-17

re: Ann: CBD not to proceed with acquisition ...
Had a look at the Renewable Certificates registry list.

https://www.rec-registry.gov.au/clearingHouseTransferList.shtml

There is almost 7 million positions listed for sale. In assume 1 position equals 1 certificate.

The position 1 to 185 was registered on 18 February 2011 by D MONAGHAN & M.A MONAGHAN T/A monaghan brothers contracting.

So having REC is not exactly same thing as having money in the bank. There is no guarantee, if you put your REC's for sale today that they will sell in 9 or 12 months. There appears to be a glut ATM. It could take a lot longer IMO.

REC's are assets but it would be pretty difficult to put any kind of valuation on them IMO. There does not seem to be too much demand for them, it would appear.

I wonder if they tried offering them to Alinta instead of cash for the failed transaction?