The good news just keeps on rolling in. River capital are zero chances of getting further ownership at 8c... Where is FV?...20c?
Reading yesterday announcement, the Biohub repayment now looks almost certain under this new management team to be paid in 6 weeks. Add to that the $32m the QLD and $10m the federal govt will depositing with them for customer bill reduction, the guidance will more than likely have to be increased again due to the interest received on those funds.
Further cost saving are expected and I bet that potential customers would be knock on the door, now that the two clowns have been binned!!
A new high quality CEO, would now be attracted to join this management team and grow the business organically and by acquisition. And lets not forget the buyback has yet to start and directors continue to buy on market.
Lets not forget that TPC market cap is $128m and we still sit at $15m with 2/3 the number of customers and a now profitable business.
DYOR.
LPE Price at posting:
8.5¢ Sentiment: Buy Disclosure: Held
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