Very well presented and well written annual report. The Chairman’s address says it all. All value drivers remain the same. I have a feeling this annual report is considerably more a marketing document for the company than ever before. It’s obvious they will be targeting specific instos, and I expect the register will gradually change from retail to institutional over time (over the coming 6 to 12 months). I’m still not sure RE capital raising, but any discount would be minimal and the positive will be full steam ahead for phase 2 in 2591. I hope they announce progress soon on phase 1, even if it is just that they have commenced. I have a strong feeling that if we wind the clock forward 12 months we won’t recognise what we have today. Best of luck all.
NEU Price at posting:
$1.50 Sentiment: Buy Disclosure: Held
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