A few reasons I can think of:
- if you disclose how good your margins are customers will want a cheaper price
- some customers would sign deals to begin at a certain date but don’t want it publicly known because they have contracts and relationships with existing suppliers to manage
Management have just disclosed pieces where they can. Some things that have been stated over the years:
- our batteries are cheap to produce because of no cobalt or nickel
- we are easily in the lowest quartile for cost, making us extremely competitive
- we have contracts for 70% of our initial capacity
- our financiers have conducted over a year of due diligence with over $1m spent on different independent reports... meaning every aspect of our business model has been pulled apart and we have proven profitable enough to be given $50m with the view it can be very comfortably paid back in 4 years
In short, we will be competitive and will make good margins even at 1 GwH. As we expand, would be even better.
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