I agree with you, NL. I can't recall a better presentation by AS. To me, he seemed very upbeat and relaxed for the most part. The only area he didn't handle with as much ease was during the Q&A about KfW financing. He wasn't backward in stating partnership agreements and financing processes are slow, though, and that the latter involves confidential matters. He did seem confident and upbeat about newsflow on some fronts this year (maybe even KfW this year).
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(20min delay)