so much for the latest results, page-17

My last LMG post was this link for those interested.

http://www.news.com.au/national/m-coal-gas-plant-deal-dumped/story-fndo4cq1-1226437120826

Some holders may be concerned about this dumped deal. And what it could mean for LMG. The state goverment committed $50 million for the HRL gas plant. HRL spent $20 million of that.

I think LMG would looking for an amount about the same, $50 million.

I dont think the state goverment are too put off by the dumped HRL gas plant.

The state goverment have still been sending alot of money down to the Latrobe Valley, And if anything the dumped NRL gas plant could be good for LMG.
Now the state goverment have an extra $30 million that I dont believe will be paid to HRL and the state goverment would be very keen to see more jobs created in the Latrobe Valley....I am not sure if LMG were competing against HRL for state funds, However if they were they will be no more, with the gas plant being dumped.