IRD are continuing the CEIP / port Hardy promotion relentlessly.
It would appear to me as an outsider that the Macquarie Bank man has been unable to get traction with farmers to store grain at the port as he has been on the job now for 12 months and there is no announcement. I read on a Twitter post that the farmers preferred to store grain upcountry on their own farms citing cost considerations. I'm not a farmer and don't know the economics of the industry. How long can you store grain on the ground with only a tarp over it ?
So now we have the green hydrogen concept that may drive the port development with WSP to manage early H2 conceptual interest. Has to be a good thing as there are 55000 employees worldwide. Somewhere amongst that number there should be one man with the reach to the right contacts.
The Wood McKenzie graphic showing CEIP with a ROR of 20% and ready to go should please potential investors.
Let's hope that it has legs
IRD Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held
