We are also waiting on the sale of the 19 hectare site at Wilton International on Teeside UK, currently on offer at £7.5m ($15m AUD). As I have observed before, the UK industrial property market is sluggish at best, and plants such as the Ineos ethanol plant at Grangemouth are being closed, because of high energy costs in the UK. This does not bode well for the early sale of the Teeside land, although I hope I am wrong on that. As far as Shenge's input into the development at Ngualla is concerned, I imagine that they are waiting to see how things turn out with regard to US tariffs on RE's, and RE pricing generally. Shenge are large enough to sit on Ngualla, until it suits them to develop it, and that is probably what they will do.
PEK Price at posting:
12.0¢ Sentiment: Hold Disclosure: Held
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