This announcement and news of the past few weeks is probably the...

This announcement and news of the past few weeks is probably the biggest and best news CER has had in the last 3 years in my opinion. I would still guess that the really big players may hold out for a little bit longer before investing large amounts of cash, however i think we will see several players move in substantially on this recent news so they have their toes in the water.

However, I dont think this will eventuate the SP reaching or holding at 30c in the short term, till we get a more definitive announcement on the breakup from CNP, but i would like to see a peak above 25 and maybe even a new floor near there.

CER has taken a long time to come around, but this and the recent hedge close outs are significant moves towards significant gains for all holders. I have held for more than 2 years now and am more bullish then ever on CER now.