Ann: CBD AND CHINA PARTNERS ESTABLISH AUSCHINA EN, page-6

re: Ann: CBD AND CHINA PARTNERS ESTABLISH AUS...
"Looking for at least 22c this week".

I hope you will prove to be right,
I wish I could share your optimism, but I am begining to feel that this might be it.

15% jump from 16c rough average of late to 18.5c averaged today.

There is a major shareholder who paid less than 10c a share for a huge parcel anot so long ago nd may be happy to supply the demand.
18.5 or 19c is a 100% profit, a nice round number.

Also, Gerry does not seem to be too keen to drive the SP up IMO.
I have seen him on the Lateline Business and the impression I got is that he is taking a long or very long term view rather than focusing what is going to happen now or in next few months.

We are non the wiser if CBD got a single dollar ot of this JV or is it all Blue Sky.

6 Billion in 8 years, 3 billion in 3 years, Ambitions.

Even the one project they told us was in the bag, is apparently not quite there yet.

"AusChina will make a final investment decision this week on its first 100 megawatt wind farm project at Taralga in NSW."

Acording to SMH this afternoon ( 18th April, 1:09 pm).

http://www.businessday.com.au/breaking-news-business/china-firm-to-invest-6bn-in-energy-20110418-1dkv1.html.

If CBD is to be 24 odd percent partner in JV, does it mean that it has to come up with 24 % capital investment first?

He also mentioned in passing the King Island project where the CBD's device - surplus energy storage in carbon core- is being installed as a part of solar and wind facility.
But no indication when it finaly might be completed.
It seem to take forever and three days, I wonder if it will be completed before the 6bill/8year ambition comes into fruition.
So far we have seen Lions dancing and Chinese visitors observing that, indeed, sun shining in OZ can be quite hot.

I understand that Chinese are patient investors and are comfortable to work within a much longer time spans.

But has anyone done any projections for near future as a part of this 5 year plan?