https://www.linkedin.com/posts/mebenergy_agricultural-wastewater-watermanagement-activity-6696864774661124097-VSId
I gave this a cursory glance yesterday, noting that it was in S.A. and thinking Mmmmm, wonder if this is FLC connected, although we weren't mentioned and neither was MABR. However, use of the term Smart Product Solutions did set my heart aflutter, and today Fluence themselves confirmed my palpitations.
Any sound contracts achieved outside China right now are encouraging, and very important in my opinion to arrest the slide in investor sentiment. I've no doubt of the longer term value still to be realised there, but too many questions for my liking particularly for newcomers to the stock. Perceptions may be that FLC was becoming too China-centric, and potentially getting bogged down in realising our vision.
One might say the same perhaps, with regard to corruption and delays on the African continent, but at least that (corruption) is being dragged out into the open to some extent, as discussed on this thread. Whereas in dear old communist China transparency, or lack of is its own corruption.
Knowing something of Africa, I know sadly that corruption is endemic to the way of life there, it is spoken of quite openly as being a necessary part of survival even at the lower fringes. Of course there is greed attached, but in China I'm afraid any suggestion of corruption would be dismissed as blankly as the brutal disdain with which the implacable Xi Ping crushes dissent. 'Business' and 'China' are not comfortable in the same sentence as 'transparency'. And for that reason, if we are to perservere in China, and we should, in order nevertheless to be an attractive investment for many I believe it is essential to quickly build a balanced portfolio, with emphasis on the world's remote, arid and polluted regions.
Corruption aside, we are on the right track with Africa, the Americas, but for the life of me why have we not made headway in this country - Australia. I'd like our gradual building of success abroad, ( I can see that's where the BIG contracts are, together with flow on signings), to begin to be complemented with greater visibility at home, for the positive perspective it could give new investors.
In closing, I have been following MEB on LinkedIn for some time, and I like the 'networking' benefit this new contract win with them will give us over there. Again, I stress MEB are being watched too, by others who have need for what Fluence can provide. Far away from China!
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4.0¢ |
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Mkt cap ! $43.41M |
Open | High | Low | Value | Volume |
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2 | 391221 | 0.039 |
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Price($) | Vol. | No. |
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0.041 | 188437 | 3 |
0.042 | 299083 | 3 |
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