Minproc travels well. Renewables has landed one contract (other than the loss making Eastern Creek): Lancashire. Renewables has tendered for county contracts in Britain, has lost out on some, remains shortlisted for others. A couple of years ago GRD was crowing over how Renewables was a world leader. My suspicion is that in light of tenders that they've lost, they have surrendered their leadership, and are now having to compete against other firms whose technology is as good if not better than that of Renewables. Unless Renewables land further contracts this year, their future might be bleak. I've lost a packet on GRD over the last 12 months, and management has disappointed me.
I've no idea why Brettney Fogarty left GRD, when he built it up from nothing. The company seemed to do better under his stewardship. I wonder whether he got rolled in a boardroom coup. The matter has never been explained.
GRD Price at posting:
0.0¢ Sentiment: None Disclosure: Held