The key will be if the banks support that through to the change in legeslation.
Notwithstanding, I suspect that AEJ has every right to take the Federal Government to court as the legislation changed financial viability of the business.
I am still of the opinion that AEJ has every right to pass through the Carbon tax, the question is whether the offsets have to be passed through as well? If not this increases the value of AEJ!
If both the carbon tax and the support has to be passed through the net result is still a valuation of around $93/share!
AEJ Price at posting:
$8.55 Sentiment: Hold Disclosure: Held
