they are doing what they said they will do... get land, get PPAs secured, build.... oops, forget 'get finance'; that will be the next biggie; and I kind of like their idea re the finance; they end up paying themselves for the build (whatever margins they get) then they get 'some' of the ongoing PPA dollars
I also liked this sign was with a regional, outback, remote provider. I really like their idea. Build lots of wee solar, sprinkle in wee batteries, provide power to the outback. And they have the in house skills to do it. They just need to do it.
I hope the 6s is our new bottom; as I noted, Lord knows how to value the company; let us hope they grind up; and dont forget 3.7 cents of franking lies in the company; so if they can actually whip up contract, JV, finance that allows them to make a profit sooner than later, us holders may do OK
The risk is their plan does not materialise; but, they seem to be removing risks with the parts of their puzzle being signed
MPR Price at posting:
6.1¢ Sentiment: Hold Disclosure: Held
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