The underlying primary driver of the share price drop was the update within the financial report or rather I should say the poor equality of the update. There was an expectation that the demo plant would be in operation soon after completion at end of June. Unbeknown there was a 3 month(5 stage) commissioning plan in the addenda to the contraction manual - which is fair enough because we want this plant to operate without faults and hiccups to smoothly demonstrate the process is commercially sound.
I would suggest we will see:
- an upward move on announcement of the 100,000tpa location followed by a retrace.
- Another upward move on the next quarterly likely to be released end of April.
- An upward tick on announcement of completion of construction- end of June.
- Slight upward move on the 4th quarterly released July
- A big bounce on completing commissioning end of September/quarterly
- Space launch end of year after 3 months of operation if commercially sound operation -2nd quarterly.
That's a lot of upside PROVIDED there are no delays, no communication blunders and no plant failure - that would push the SP sharply down.
So, the next 9 months gestation will give us moodiness, elation, some bouts of morning sickness, baby showers, reports of performance scans and final product at the end!
Here's hoping.
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