Ann: Ausgrid Arbitration Update , page-8

Assumpta,

I think its the waiting and the anticipation. I've been in AEJ from BBP days and took a bath (NB on margin loan)

I have accumulated some more AEJ shares to bring my average in price down but the SP still needs to move up significantly for me to break even.

Notwithstanding I am incredibly positive with the underlying business, the problem has been I have seen this in other instances being wiped away by something that was out of the box.

From my perspective if the Arbitration goes in AEJ's favour we will not look back. The board is not silly so I suspect when the SP has risen adequately I suspect that they may look at a capital raising just to ease the debt burden. This then allows AEJ to negotiate a more favourable funding position and potentially move into a dividend paying situation. It then takes off the table the necessaty to sell Redbank.

I suppose I am psoitive but just need to hear that the arbitration has been resolved in AEJ's favour!