I am so over Fluence! Ivory Coast financial close? Done! ... hang on a minute ... Fluence doesn't get paid until certain "Conditions Precedents" in the agreement between the lenders and the IC government are met. ... but that's OK it will all be settled by ... ...end February! er no...end March! er no...end April! er no...end May! er no...end June!!!!
...and now revenue planned for the June half is pushed back to 2nd half!I ponder whether this is IC revenue that the auditors wont allow then to recognise because they haven't been paid for the 1st tranche of work AND there is no agreement between the lenders and the IC Government?
There is a whiff about these blokes now.
FLC Price at posting:
27.5¢ Sentiment: Sell Disclosure: Not Held
