release of annual results, page-5

Hopefully the plant at Eastern Creek does become profitable...i feel that the price direction of GRD will hinge on how the plant is going - a positive result should confirm to the marke that the technology is profitable, but continued losses could see some sharp falls given the high p/e of GRD...

One positive is that GRD did enter into an agreement to purchase the entire economic interest of the Eastern Creek plant from Hastings in Nov/Dec, suggesting that management are confident about the future...