LPE had a 10million debt facility prior to the current arrangement so the delay in achieving the current deal has got nothing to do with their conversion rate down on forecast.
The wholesale rate certainly didn’t go down 25%, if it did the government would be singing from the rafters.
Thier contract length can’t be an average of 7 years, as a retailer can only buy electricity for a max of 3 years, then communities normally go to the market.
Ann: Appendix 4C - quarterly, page-22
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Mkt cap ! $23.42M | |||
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