I think they will in for a tougher time than they think. Hartleys have not long finished selling a large chunk of their shares, they are not going to start buying again just because of an investor presentation unless there are also signed contracts to go with it. There was very little volume yesterday and the share price went down - current holders aren't buying so you can't expect new buyers to come flooding in due to a 60% chance that a deal might be signed in the next 12 months. It doesn't work that way.
They do seem to have shifted in a few areas:
- 8MW of new projects is now 8MW under construction but if they exceed this then won't really matter
- focus looks to be more towards North America so not solely reliant on China, will know more in July how many further plants are on the cards.
Many options holders will be looking to sell shares to cover conversion costs which will further complicate things.
The next Hainan update will be important, going straight into further project/s will be excellent news.
KPO Price at posting:
5.3¢ Sentiment: Hold Disclosure: Held
