hgo goes to 22 percent, page-12

Macquarie Generation has nothing to do with Macquarie Bank.

Macquarie Generation is owned by the NSW Government. What is happening in the market has no impact on Macquarie Generation.

HGO are seeing good value in ESG at current prices. The share price might have weakened but ESG's prospects have continued to improve.

Iemma has said the next base load power stations in NSW will be gas powered.

Patience is a virtue with ESG. They need time to prove up their reserves.

So buy up ESG, plan to hold them 12 months to reduce your capital gains tax bill and enjoy the benefits once their reserves get certified and the power project/s become reality.