What's happened to the 3rd CETO unit and the 30 days of testing?
On 3rd March, REH said the 3rd CETO unit would be installed within the week - which, at the latest would be 10 March. After that, the 30 days of testing would occur. Lets say that started 5 days later on 15th March - that means the testing would have finished on the 14th April.
REH previously said the testing would all be completed by mid April (it's important because EDF will be investing more money in REH when the 3rd CETO unit milestones are achieved). As yet, we havent heard anything from CNM or REH.
So where is the announcement? I've banged on before how i think the longer the delay, the greater the chance they're waiting to "co-announce" that info with another announcement, like a fed govt grant etc.
But there's no indication in the share price of CNM or REH that any deal has been clinched. So in the meantime, it would be nice if they released the testing info to help support the SP.
CNM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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