Well a moderate rise in SP today, & some volume and the ABC report was good media for ERJ. The install looks to be on track @ carnavon. The cashflow postive for ERJ is 4 boxes so almost one down and 1 for Posideion leaving one more that is on the shipment for Australia, So maybe some good news to come from management very soon.
As a long term ERJ shareholder we can all hope that more announcements are on the way. The MOU's are out there so some one sign them off!!
The ABC report did say that ERJ in future wouldnt be able to keep up demand and the way the Goverment are going its playing right into ERJ at present. A few facts.
1) Carbon tax- Due July 2012 ( Prices are on the way up)so the powerbox will be a money well spent with many large players.
2) Diesel Excise cut?? With this it will mean more money the companies particuarly the miners will pay for Diesel meaning a powerbox with save them many thousands of litres (Take Posidieon Nickel 20% of the bat to put a powerbox in)
3) Green energy scheme- credit for R&D from the Govt this will help ERJ going forward as they are proving green energy concepts that will allow them to take advantage of R&D in Aust.
These are just some of the bonus's for ERJ. So lets hope that the demand outstrips supply and then im happy to give the directors any shares they might want for there hard work!!.
Lets see the SP gain some ground as we get closer to the BIG DAY!!.
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