Unfortunately Giles has backed away from the 'commitment' to spend TIO sales money on NEGI. In the Centralian Advocate last week he made a clear statement to that effect. There are huge competing demands on the TIO money and $200m would be 25% of total funds that he sees as a long term 'future fund' for the Territory. It's also likely that he is sensitive to the growing call from environmentalists on the issue, there is an election not far away.
CTP Price at posting:
22.5¢ Sentiment: Hold Disclosure: Held
