managment reporting, page-14

Octain,

Fair comments. 8 cents is not impossible and is "probable" even when compared to alternative price speculation and also compared to where we have been at 1.6 cents.

However, I had cause to discuss with a learned colleague of mine a distinction that was made between say, the skill set of an Analyst versus the skill set of an Accountant.

It's all too common for the average punter to know the price of something (or everything) and the value of nothing. The market price is merely that. It is not the value, it is the price paid or received by the last idiot at 4:10pm. I have also been chuckling quietly on another stock thread at the fundamental misunderstanding of the concept of yield and that it is largely meaningless.

As has been pontificated ad nauseum on this thread (and I agree again, there has been some garbage on here) is CER worth 17 cents? or 17.5 cents? 18 cents? per unit? It traded hands a bunch of times at each of those price points and each of those price points represents million and millions of dollars in differences in the "value" of CER. See how silly that is? CER's price moves, but it's value has not changed in many, many months.

We own shares in CER therefore we own shares in a business. It should be treated like a business. How many on here own or run their own businesses? How many of those of you who say yes to this, would buy into or worse still build up a business from scratch only to flog it off after 12 months....or less?

This is what Analysts do not understand, that Accountants do understand. Further still, we need to factor in that CER is a (needlessly) complicated beast. SHare issues, dilution, accounting concepts, trust taxable income implications are all concepts that have long been lost on analysts purporting to cover this and similar stocks.

It is entirely likely that the analyst or analysts that have produced the report of which we speak has fundamentally misunderstood that CER is not merely 51% CNP but that it can and does still exist in it's own right, and that CNP's fate is more tied to CER than CER's fate is tied to CNP.

When I asked for the AEGIS report information to be posted, I expected to see some raw and hard data, not two paragraphs of qualitative commentary passed off as reasearch. I know what to do at 8 cents.....fall to my knees in thanks that some mug punter will give me my fill at this price.

I offer some consolation. The "price" is only one half of teh "valuation" equation. The other is the income the asset generates for you. In dollars. Not the yield. You can't spend a yield. You spend dollars.

Question: If CER went to 8 cents and stayed there foreever and you were sitting on a massive capital loss, but CER would pay you a distribution of 2 cents per unit, far into the foreseeable future, would the share price and your unrealised capital loss concern you?

Cheers and good luck.