latest research - spells it all out., page-8

Hi Sally,
Fair point re the risks for Heron.

I do see upside for Heron in the next 6-12 mths. I'd be looking to buy some myself around 46c if i wasn't fully committed elsewhere.

I agree with you re the ECH deal-it initially added a few cents to Heron, but the first ann seemed have more effect on the ECH sp at the time.

I've spoken to senior people at Heron very recently and there certainly is a lot going on.

Like you, I'll be watching all new developments with interest.