My understanding is that LGC sales made up about half our revenue, and those go to the Govt from August 1st, so revenue going forward will be approximately half the previous quarter's.
Pursuant to the terms of the Solar 150 Financial Support Deed, Large-scale Generation Certificates (LGC’s) will be surrendered to the State…”
So a big drop in revenue going forward. It was nice while the gravy train lasted.
GNX Price at posting:
30.0¢ Sentiment: Buy Disclosure: Held