This is a depressing state of affairs. Looks like the rest of the market does not believe in the CFU story like many of us long-termers.
There is little incentive for a big utility to be first off the rank and pay absolute top dollar and help generate the economies of scale that is needed for the price to come down - their competitors then come in and get a cost advantage. Why pay an extra $10-30,000 when you can wait for others to bring your price down. Or the company goes belly up waiting for the good samaritan to arrive and say yeah I'll pay more than the others down the track. They are all looking at ROI as well.
EWE are only willing to buy if they get govt subsidies.
The Tokyo Gas Panasonic deal is a big slap in the face for CFU as it appears they are running with a competitor and not cfu.
The delays in the UK are leading to speculation re the CFU product.
All in all a sad and sorry state of affairs for us long-term holders and the price looks like getting polaxed again today. I am starting to wish for a takeover!!!
CFU Price at posting:
12.3¢ Sentiment: None Disclosure: Held
