Yes the signing was meant to be for a Joint Venture mainly for wind generating facilities, and concentrating on Australian projects, in the first instance.
We were told that after the Signing Ceremony, the true potential of the company will become a lot clearer and will help to repair the disappointment caused by lower than expected Dec 10 profit.
At least that is how I interpreted the company statements.
The Italian project is quite separate to the joint venture IMO.
One thing some of us were expecting from the announcement that would follow the agreement, was some positive information on trade credit for CBD.
Having access to credit is very important, specially in a business that is growing rapidly.
CBD Price at posting:
15.0¢ Sentiment: LT Buy Disclosure: Held