"1414 Degrees (ASX: 14D) has been advised by Ovida Infrastructure Pty Ltd (Ovida) that due to achange in its strategic priorities, Ovida has decided to halt investment in the Aurora Energy Project(Aurora). Ovida is a 100% owned subsidiary of Jemena Pty Ltd (Jemena) which in turn is owned byits shareholders State Grid of China (60%) and Singapore Power (40%). This follows a generaldecision from Jemena to focus on investing in its existing assets as opposed to the unregulatedelectricity market."
That is a load of rubbish, the electricity market here in Australia is highly regulated.
14D Price at posting:
9.0¢ Sentiment: None Disclosure: Not Held
