Thanks ICXP. Isn't it sad - it's not really rocket science. It benefited the Directors and the traders who could see a well-known pattern unfold but not the shareholders. The management will now be drafting up the spin on the DERM delay which will sadly lock in the dead-cat bounce. As the next DERM pronouncement will be when the Queensland Government is in caretaker mode, there will be a further delay until after the election, then the new Government team will want a moratorium while they review. This will take it well beyond May, and as you said, repeat of Zero-gen. Sadly we are at the end of the story.
Moving on, what do you think of CCF? (Carbon Conscious Ltd)
CNX Price at posting:
9.2¢ Sentiment: None Disclosure: Not Held