The contract for Lancashire is still a couple of weeks away minimum from what i understand. Melbourne contract further out as assistance is required from Cth Govt and States, due to economics of the plant in Victoria. GRD have applied for a grant from the Cth.
Eastern Creek expected to break even/small profit for the financial year ended 31/12/07, and build from there. However, its not going to be the big one, its provided the means to get into the lucrative UK market.
The main focus of the company will be in the UK, as that is where the most profitable environment is for renewables, given the penalties applied for waste going to landfill kicking in in 2010 (think 2010). And as you point out Forty, GRD could win a few more of the contracts coming to market in the next 18 months - some 16 projects or so.
GRD Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
