What a disastrous presentation and is it any wonder that Carnegie has been punished in the marke. It is amazing how the past few weeks of positives which has seen the CWE share price recover significantly can be destroyed in one or two days.
Way too much focus on the problems in CETO 5 and lessons learned. CETO 5 could have been dealt with in half the number of slides all talking up the positives.
Furthermore, to much of the negatives of CETO 5 and far too little information on CETO 6. There is a contradictory comment on one of the 3 CETO 6 slides. On the one hand it takes about the CETO 6 being the first commercial design and the next bullet it is a demonstration project. CETO 6 whould have had 3 times the number of slides. It is almost like the presenters were not at all on top of or understood what CETO 6 was all about
In my humble opinion, this presentation should be pulled from the CWE web site and if possible the ASX web site if that is possible before any more damage is done to the SP.
A very disappointing presentation which sad to say my comments are backed up by the market sentiment today.
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