Ann: Interest in two permits sold , page-9

Yep, don't have the time or cash resources to sit around and wait till the
NSW government (B O'F) grows a pair. The political agenda to protect
votes in the Northern Rivers has been, and still is the priority, rather than
the security of NSW energy and the states economic future.

ERM (as operator) may have possibly stalled any works in the CMB to
take advantage of ROG's position. Why pay $5M per permit when a
desperate company will sell them cheap for 'a lot' less cash. Win win
scenario for ERM....

Agree with Simpletrader re the vote. With the top few SH's being:
Energy Infrastructure and Resources (EIR) - MD = RG;
ERM Power; and
now St Baker Investments aka St Baker Family Trust - Directors of ERM
Pretty sure the vote will favour the sale.

Well played ERM and the St Bakers, great business and smart cookies.

To give RG a small amount of credit (sigh), IMO the company would be
non-existent if ROG hadn't moved towards an alternative business model,
ie. Solar. Having ERM and the St Bakers on board at least provides
some confidence in the solar project/s.

IMO, ERM will also take advantage of the 'unitised funding structure' and
become a major investor.

Hopefully the market will begin to give the business model some credit and
re-rate the SP. Won't happen until the Dubbo project starts feeding the grid
and the company generates cash flow. Now that would be something.....

Have a good one.

Gaspew ;)