LPE 0.00% 11.5¢ locality planning energy holdings limited

Ann: DIRECTORS ESCROW 91% OF HOLDINGS, page-44

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    6GW per month (actually i think it was closer to 7GW the last couple of months) was the going conversion rate when we were limited by our cash at bank. It was a responsible conversion rate without needing to do another raise and in the absence of finance. Now that we are about to be generating free cash (the next quarterly by my calculations), I expect not only those funds to be injected back into faster conversions. But we will see a financing deal with much more attractive terms (now that we can show a bank we are profitable and will continue to be so).

    So i think you will see that conversion rate inch up towards 10GW per month and beyond. Ben has confirmed they still feel on target to reach 450GW in 2020 and they haven't missed a target yet.
 
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