cer agrees stabilisation plan with financiers, page-25

Hey Warnie

One of the things about CER that plague me is that in the past we have compared the price of CNP to CER, so currently we are 3 cents behind on the IOP. Last time (back when CER was 40 cents), we saw CER trade well above CNP by as much as 10 cents. This time, there is acually no longer much of a comparison, yet there is a massive affiliation.

So.... do you look at CNP for guidance re CER price, ignore CNP price and treat CER as a separate vehicle or does CER take the lead from here on in? I'd rather see the latter.

Regardless of which, today will be a definig moment for Centro. The past key dates have all made their mark, but the environment today is somewhat different that the last milestone when CNP opened at 50.5 cents. This close to the end of 2008 is also VERY relevant as some traders will want to see the back of 2008 and start afresh in the new year. Opportune time!

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SPELLIN AMBASSADOR