CWN 0.25% $12.09 crown resorts limited

I took a position at $11.75 last week. I would say the SP is...

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    I took a position at $11.75 last week. I would say the SP is going to remain depressed in the short term but medium to long term it should be comfortably above $15.00 by the time Crown Sydney opens (providing everything runs according to budget etc.). It's important to note that the Melbourne project has now been derailed after their request for an extension got denied. I wasn't upset with this as it means we can focus on Sydney Capex wise rather than having 2 massive projects to worry about at the same time.
 
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