overvalued, page-7

Agreed more orders would be nice, and I guess that's exactly why the sp is under 20c not punching through $1.00

Operationally CFU are totally on the ball, they have satisfied the order criteria for their existing product partners and as we all know are the most efficient of the players atm.

I continue to take comfort in the trading price of Ceres power, trading around AUD $4.70 with 66 million share on issue, and a product that seems to be lagging CFU's significantly from an operational perspective, may only be suitable for situations where remote/off grid power is required. Ceres have only 1one forward order with one partner in the UK alone. Fewer parners, lower operational spec but a considerably higher sp.

CFU with a load more shares on issue, around 16 times that of Ceres, have it all going for them with the top operational specs and forward orders/parners from development partners.

Run some simply figures, say CFU SP of 18c X 16 and I think youll agree that even without increasing the order book here and now the sp in undervalued against Ceres.. personally I think we should be sitting around 50c without further orders and skys the limit when they start flooding in.