Quite extraordinary! This damning article really highlights how dreadfully inept this business is. Everything handed to them on a silver platter yet basic milestones can’t be met.
It also highlights further breaches of ASX disclosure requirements. Why wasn’t this reported to shareholders???
53M for 1MW with absolutely no guarantee it works? I’m sorry but this is really, really starting to stink.
Is suspect this is the start of the end. I personally feel it is highly improbable CCE recover from here.
Should never have got involved with EMC. It will be the catalyst for their demise.
The board should move to sack MO.
Next AGM is going to be interesting.
CCE Price at posting:
1.3¢ Sentiment: Sell Disclosure: Held