timber1956, I believe your logic holds true, however the AEJ...

timber1956,

I believe your logic holds true, however the AEJ lenders forced the business into administration when the only real way they would have received any funds was to establish a long term funding arrangement. Also, the Ausgrid agreement became null and avoid if AEJ were to enter into administration.

So ignoring this I think you are correct and that the lenders and administrators probably struck a deal with Ausgrid before placing AEJ into administration to protect the agreement.

Also, reading more closely the directors are not merely starting the power station up they are investing in new Green Technology. The key will be in how much they will invest, who the new partners are etc...

It has now been over a month since the board announced the win, i suspect we have a further two months before we get any further updates.

I will be intrigued if the existing shareholders will have to vote?