The announcement this morning that Mr. Garrett will not ratify any proposals for the mining of CSG/LNG in Queensland until at least mid October is a blow for all those companies reliant on benfiting from the spin off's associated with the multi nationals plans.
In my opinion, companies such as WDS, AJL and the like will unfortunately be waiting with fingers crossed that the Minister approves all the Environmental Impact Studies associated with mining the gas.
What should have been an exciting 3 - 6 months for us, will now be much of the same that we have been facing for the past while, and that is un-certainty.
WDS Price at posting:
42.0¢ Sentiment: Hold Disclosure: Held
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