Anyone got any news on GRD? Very weak on very light volume in recent weeks. From what i understand UBS still has a price target of $2.86.
Perhaps will get a kick along in October when the final approval is given for the UK renewables project. Was interesting to see in the recent presentation on the website that they are looking into introducing a strategic partner for the renewables business - presumeably this would speed up the rollout worldwide.
The 6 months to Dec 06 for Eastern Creek likely to remain unprofitable as only operating at about 60% from July due to the fire, so may not be any price rebound till 07 perhaps...
Any thoughts?
cheers Cupwinner
GRD Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held