Venci You may be correct about what you say about Orissa but the milk cart man is pretty confident that their will not be a trial plant in the Murray Basin nor will their be a trial plant to support the revised Orissa proposal.
As for the announce I thought it was OK. It was designed to let the market know that APG are actually progressing on Orissa. Given the total lack of news many shareholders could easily assume Orissa is a dead duck. The market certainly has.
The option is to say nothing and as you know no news is bad news.
The company is in a no win situation here.
The feel that this is a clear in strategy by APG to inform the market and that more updates on other activities will also be forthcoming in the future
In the past APG would have said nothing and just mentioned it in their quarterly and the quarterly is not far away so you have to ask why they made this announcement and my reasoning is that it is a change in direction and they intend to let people know what they are doing on a more regular basis.
Also they are a very consevative bunch and they would not want to be making these type of progress announcements unless they had reasonable confidence they could close the deal
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