The announcment Tuesday 21st March is surely a little bit unethical, as it could have been made at the time of the Preliminary. QUOTE re Renewables at Eastern Creek: "With the successful achievement of bank completion, we are focused on enhancing equity returns from the facility as a matter of priority. Our focus is on outperforming our budgeted A$5.3 million EBITDA and delivering a better than break even EBT result for 2006, with incremental improvement in returns thereafter as the Facility operates in its long term condition." I don't like the bit ''as a matter of priority'' as it is somewhat concerning. QUOTE: ''and delivering a better than break even EBT result for 2006'' does not sound like much profit is likely either. Is this supposed to be a price ramping announcement ?? Surley, the ASX 'police' would be better to have read the Prelim. and see for itself why the shares came under pressure rather than ask GRD 'to explain'. Now is the time for the ASX to ask re such an announcement and its timing. Today management loses a bit of credibility.
GRD Price at posting:
0.0¢ Sentiment: Sell Disclosure: Not Held
