Thanks very much @stotes. The report is not as pessimistic as I...

Thanks very much @stotes.

The report is not as pessimistic as I had the impression. It merely acknowledged that it got ahead of itself with their assumptions. I don't agree with what they say about factoring in a lower rollout speed. Personally, I think it's the contrary. Today's announcement with QSY is significant. The momentum will grow once they put more CMABR's on the ground.

Key for me is that they have seen the plant, confirm that it works to spec, set up local operations to carry out the work, train the local partners.

What is absolutely key for me in investing in FLC is, are we seeing a secular trend in decentralisation and smart packaged solutions brought about by solutions afforded by MABRs and CMABRs? If the answer is yes, the rest is just timing and capital rationing on our part as investors.