As predicted another significant cash outflow with 2 quarters runway.
Doesn't matter what they say about their prospects, the energy market has made a significant step change with confirmed shutdowns of coal fired power stations.
This means that whatever renewables come on line it has to be large. In NSW Eraring power station is 2400MW. The larger the project the more cost effective , rendering these smaller 5MW projects unviable. so the company has two waves hitting them at the same time, poor financials and uncompetitive product which must be worrying Banks. The banks are certainly on their game when it comes to funding renewables.
MPR Price at posting:
2.0¢ Sentiment: None Disclosure: Not Held
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