No worries Archbald, I was actually referring to FY08 3rd quarter timeframe not the calendar year which I think you were meaning.
SP3, yes it’s amazing just how much brown coal is located in Victoria but it’s still a non-renewable resource and access to it will increasingly tighten as key players partner up to create barriers to entry. This is why shareholders placed so much value in the 2006 Geostar MOU agreement-ESIs value proposition increased tenfold because it provided business longevity for decades.
I must admit I am a little perplexed regarding Con’s attitude at the AGM toward this. (Hence the questions put forward to him)
Perhaps it’s simply a case of showing no concern because an agreement/JV is forthcoming?
ESI Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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