From the RIC report: The reclassification of $33.5m of Dry Creek...

From the RIC report:
The reclassification of $33.5m of Dry Creek assets from Non-current Investment Property to Current Assets held for sale, with an impairment of $1.4m recognised in the Consolidated Statement of Comprehensive Income and against the carrying value to reflect the best estimate of the underlying value expected to be crystallised from the conclusion of the current sale process, as well as the expected realisation timeframe.
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Suggests to me closure on Dry Creek is imminent and the sale price. A nice kicker for this market cap $397m company, though probably fully recognised in the current share price.

I think the big opportunity is Nelson Cove aka Moolap. No one knows how negotiations with the new Vic labor government is going, probably not even RIC. The site is amazing - an entire bay with absolute waterfront suit canals and commercial/prestige-promenade-retail-food-leisure on the CSIRO side, smack in the middle of Geelong. Closing of Point Henry smelter at the other end is probably a bonus as it allows the bay and promintory to be master-planned and developed together. Titles are a mix of freehold and leasehold. Government would want RIC and partners to get it right and not undersell or stint on quality for a quick buck.

It won't be quick, but it could be very profitable for the patient.

Solid results from the core stockfeed business with good growth investments underway.

Very happy shareholder. I wish I owned more.