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12/02/18
10:27
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Originally posted by Reillyblue
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WOW! I have been on the negative end of the spectrum for a while now and have been very critical of MO. I am not quite at the point of putting my hand up and saying (in Fonzie's best voice) "I was w...w.....wroooooong" I will wait on a bit more detail i.e. project start date, financing etc BUT I have to admit one of my criticisms was based around revenue. The projects we had on the go at the time were not even producing enough revenue to make our quarterlies cash flow neutral. I also remember calculating figure that we needed a project in the size of a 100 MW to achieve this. While this is a long way off being built and producing revenue this could be a game changer. What is even better is the flow of news is impressive. Over the last six months the Albany wave farm, northam and now this.....now should I change my sentiment????
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You can only go by the info that’s provided to us. You were probably right then and probably right to change your mind now. It’s all very early days but momentum is building across the board.