Downsyde,
LPE is using contractors / employees from Energex and Ergon for most of the conversion work and these 2 giants have still truckloads to do in North QLD to repair the cyclone damages. That's why the $ 5m won't help LPE at all as they can't get their hands on humans qualified to do the work. Be patient everyone and just expect 6-7 GWh conversion rate for the next months to come.
I am building a home in beautiful Hervey Bay and experience a delay as there are hardly any sparkies available and those who are charge double rates. BTW, brand new 3bdr, 700m2 ocean front block for 300k - Anyone in Sydney able to beat that ?
Should they announce expansion into NSW they may face a similar scenario as the March / April floods damaged a lot too.
The CR timing was terrible, too low raised and not be able to be spent for some time. Result: The sp is still impacted by the 8 CR participants offloading for anything 2c +.
But it won't last forever, Q1 of 17/18 will see the increases on all fronts.
Anyone who can take advantage of this undervalued GEM should be happy to increase their holding the same way as I picked up a near new 5star ocean front app. for 200k in Hervey Bay. Anyone in Sydney able to beat that ?
Buy low when thrown away, wait and sell with huge profits. Not my knowlegde - just copying the rich ones.
GLTA
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