This is just an observation so dont take much notice of it. I...

This is just an observation so dont take much notice of it. I always read too much, or the wrong thing into share price movements.

OPT, one of the other three companies going for Binninup has had a suspicious looking price spike of about 80% over the last 2-3 weeks in the UK. It might be because of their results (being announced tonight), or their recent activity with the US navy, but I dont like the looks of it. Especially since it seems to be largely unexplained and coincides with the most recent selling in CNM. Maybe it has to do with Obama's victory, since they are also listed in the US - the SP has more than doubled in the US.

But if the WA Watercorp give the contract to OPT it will be the worst case of jobs to old mates imaginable. OPT has no presence in Australia (try and find a listed phone number for them - it isnt easy), arent even listed on the ASX, and all the revenue raised/manufacturing jobs will go back to New Jersey in the US.

Plus its old school, above the surface design will ensure the good diners down at Hillary's Boat Harbour get a nice close look at the buoys when the first storm hits. That's if the damaged undersea electric cables dont kill them and everything else first! The only connection the company has is that the head of the company used to be a West Australian, a long time ago. The fact that they felt it necessary to team up with Griffin Energy for the pitch proves how distant they are.

I will be filthy if the contract goes to OPT - but again, sometimes i indulge in some good conspiracy action just to keep myself interested, and i'm like a hair trigger when an important decision/announcement is in the wings. But i thought OPT was completely out of the running, particularly after an analyst slammed them a little while ago for having to go back to the drawing board and redesign their bigger buoys better able to survive storms.