Ann: Perth Project Update, page-5

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crazydave1942

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16/12/14

11:25

Post #: 14467224
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Originally posted by Teddyward ↑

Bit surprised they don't have the 2nd buoy ready to go. Like seriously what where they up to for the months while we we were waiting for the weather window? I'm not fussed that they haven't deployed as they will be determined by any issues with buoy one and a reasonable test time along with a review on first deployment.

Gradually ticking boxes but they never give any forward looking statements as they have previously not met deadlines so now they avoid them. A clearer time line would stop part of this . A simple statement of how many kw they have put into the load bank would have given us a idea of the numbers CWE expected from 1 buoy.

No mention of testing at all of the desalination? Since it is their catch cry and point of difference you would expect them to have tested it and make comment.
Glad to see news but I expected a bit more than this feed the chooks announcement but there has obviously again been some delays or where shareholders expectations again too high and too early?

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Buoy 2 has been ready to go for at least 1 to 2 weeks. Conditions are erratic but i think it will be deployed in next window all IMO.

CWE Price at posting: 5.7¢ Sentiment: Hold Disclosure: Held
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Ann: Perth Project Update, page-5

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