CCE In the News, page-35

Malcolm Turnbull has mentioned that SA's blackout problem was due to renewables (particularly wind) and has reverted attention back to "clean" coal fire. Now..this has surprised everyone and in particularly has given Labor a bit of firepower. This is the catalyst for the drop in price that CCE is experiencing.

There are multiple articles in the news of late that major energy suppliers, in particular current fossil fueled energy companies moving away from any government policies and stating that renewable energy is inevitable. The cost curve of renewable energy is going down, whilst the cost of coal generated energy is going up (by 100% over the last decade). 2017 may be the tipping point where the two intersect and the pendulum swings in favour of renewables for all new energy projects. This will happen regardless of Turnbull's knee jerk reaction to SA's energy security problems (which by the way, can NOT be blamed on renewable energy).

Cost curve and battery storage is the key enabler here that will swing the pendulum in favor for renewables.

I am not concerned over the recent drop in price, it's a chance to make my entrance price lower.

From a technical analysis aspect we are still in alignment with the overall uptrend. IMO this is just a minor market movement due to a kneejerk reaction to a Prime Minister having his ass on fire.

D