This will be a significant catalyst for SP. one would assume that this decision to push into these markets is multi-faceted; 1) this move is likely a result of FYI’s current and previous efforts to build r/ships with potential OT and end users. The proposed US listing, and push for increased trading in EU may, IMO, shed some light on how advanced off-take/customer negotiations have progressed. 2) It is unlikely that this push will be in isolation from a greatly improved marketing campaign. Further, this may be concomitant with a synergistic r/ship with AS and ecograf. I don’t think that Roly will just open shop in a new town without the requisite fanfare. As a result, the expected marketing push will have a ripple effect in existing and new retail investor markets; with great benefits to new Aus. investor recruitment. 3) the knowledge, and embrace of the EU retail/insto catchment is well ahead of our Australian investment base. The average punter, generally, in EU has a much greater understanding of the significance of renewable energy than we do. Australian punters are at least many months to possibly years behind in there understanding of this global paradigm shift. With a little “sizzle” this sausage with run out the door. 4) as mentioned previously, with caution, I feel that this move indicates our close proximity to new EV producers. I may be reading more into this that is reasonable but, I think not This is HUGE regards Ant
FYI Price at posting:
40.5¢ Sentiment: Hold Disclosure: Held
