Holy smokes news is slow. Base on the end year report, I...

Holy smokes news is slow. Base on the end year report, I expected some completions by end Sep and even a new contract!



Somewhere I read the Nova target date was end September. We see Kirkalocka can be anytime to end Dec. Chevron I am not sure what the schedule is.

They say they have 400 MW is NEAR TERM pipeline (that has been said for about 9 months now). At IPO they had about 200 MW pipeline and coverted half of that over the ensuring 12-18 months. So on 'form' you expect something 'soon' from the 400 MW.

I note PEA described the tenders they have out and other near team projects - in the 100s of MW. But they have signed NIL as well. The entire PPA market seems on hold.

I am going to guess when NOVA is live then other diesel projects in place may just say 'please do the same for us'.

I wrote before 'no news is good news'. But I am not 100% sure I meant NO NO NO news. Let us look forward to four good announcements in the next 8 weeks:

Kirkalocka, Nova, Chevron, and some new 'mystery' PPA (I have no inside info, just seems a good bet on the Pipeline).

Funny, I 'hope' this past 'not great year' will cause the exec bonuses to be trimmed back to $1mill total (not $2 mil). That would add 0.7 cent to EPS. And you know I am an EPS guy.

I also learn some 'roadshow'/'broker' event has been pushed back from mid Oct to mid Nov. So I bet they are waiting for a bit of good news to travel with. It is not so good to roadshow when you have NO NEWS.

On the contra side, I wonder if there can be any bad news that can bite us. Zenith is a matter of anticipating / reacting to news (good and bad). But it sure has been a while for any news. We are all in a holding pattern, hey!