Investor Call 9 August 2024, page-69

Listened in the morning call, agree with all, a very open session and informative. Mike sounded very confident and composed, interestingly he said nothing to be congratulatory yet., we have only just reached the starting line, lot of work ahead.

Biggest concern is there is no firm date when the 20th unit can be delivered, unlikely by end of 2025, of cause speed of progress can change with availability of funds and credit.

Not sure about the government talk, I felt like everything will end up to be just a talk, FBR is probably more likely to accelerate the delivery by pulling more strings with US partners.

Consolidation has to be done properly otherwise won’t do, catalyst required. If SP raise 20c that’s a likely triggering price in my opinion, they can convert to $2 or higher depends on if to be listed on US exchange.

Feeling very promising again, I might buy more tomorrow if SAT is not announced yet, likely by this week though.