Yep nice bounce and still a juicy arbitrage on offer if you believe AOE is a viable investment.
I wonder what will happen when AOE announce the second 200 million plus tranche has arrived from Shell?
Have seen references to a Qld LNG conference in march and its an AOE , LNG ltd roadshow by the looks ,indicating to me that the current downturn/doom and gloom pessimism is not going to halt the plans for the LNG train. When that gets announced I reckon fast runner pes still has some steep stuff to climb before disappearing into AOE.
DYOR
PES
pepper residential securities trust no. 21