Statsman no point going into detail here because you can find what you need to know about the proposed Centauri Power station project on their website ...
http://www.eneabbagas.com.au/
"The main question I have is how much is it going to cost to build the power station and how do ENB intend to fund the project?"
I'm going to ring Mark Babidge next week and they are some of the questions I'll be asking.
"From one of the recent announcements it seems that they plan to have the power station built within 14 months is that right? Seems like a very quick process if that is the case!!"
No not at all. ATCO Power is building a 86MW power station in Karatha which will be finished in around 12 mths.
"Also, what are the ENBO options? what is the exercise price and time frame?"
Not sure what you mean by what they are? Exercise price is 20 cents. Time frame has been changed. Because they were due to expire in 2mths worthless ENB has decided to extend them for another 3 years, the catch is we lose 2/3rds of our holding and have the option to buy the other 1/3 for 1 cent each. Would be crazy not to. I'm holding off buying the shares but rather will commit to buying more options when they relist.
ENB Price at posting:
15.4¢ Sentiment: LT Buy Disclosure: Held
