Wow..Now this is starting to get my attention even more. This news combined with the significant cost cutting announcement is potentially a major change for the company and it’s direction from a property tech company to a more realistic hybrid property company in search for new opportunities.
With Michael Carter now gone and the welcoming of the powerhouse experience of Frank Cavasinni as the Chairman we have a totally new ball game here Punters. From my previous research about JGM Property and it’s activities in Newcastle I uncovered that JGM is a partner with Cavasinni in a number of major property ventures in Sydney and Newcastle.
What the Point here between PCH and Mr Cavasinni. Well Mr Cavasinni is the owner and promoter of the $8 Billion Clean Coal fire power stations at the Hunter Economic Zone,
near Newcastle Nsw. This Cavasinni guy is no dummy and has huge runs on the property and business board. Another fun fact ; he is also the President of the Ferrari Club of Oz!
Here is the link
https://www.google.com.au/amp/s/amp.theguardian.com/australia-news/2019/mar/06/deal-huge-coal-fired-power-plant-hunter-hong-kongThis is a massive project which is financed by the Chinese is critical for the short term solution for base load power for Sydney and NSW that is yet to be approved due to the political process. This project is perfect for Nsw base load peer needs as it has rail from the coal mines connecting it, a huge dam for water and the main Federal owned power grid runs straight through it so it’s a no brainer if the NSW state government is brave enough to approve it .
Now if you start putting this major piece of the appointment of Mr Cavasinni is also another Ultra Net Worth with JGM Property ( another ultra high net worth ) and the Ahmed brothers ( Winmar Resources, Force Commodities) together we get very interesting potential in a small penny stock that wass recently just valued at $900,000. This PCH asset is peanuts for them and could be a major play for them and benefit for those shareholders who are patient as now PCH is caretaker mode with its recent cost cuts to stay alive for a few quarters and bring in a major asset into this Shell value company. I took punted majorly on Winmar Resources two years ago when it was also a $2m Shell and now I am going to have another go again as it’s starting to have a similar story.
