Yeah, all jokes aside if they'd communicated the failure/challenges that came out of the Ceto5 trial way back in 2015/16 then so, so many of the issues we've had since would not have existed. We all would have known why they weren't deploying Ceto 6 in 2016, why it was delayed. We would have known that the UK was written off for the next N years, where N was probably something like "5" and they wouldn't have still been telling the press over there that they'd have three buoys running there in 2018. Maybe they would have even gone to shareholders about EMC instead of just using cash raised for Ceto to buy it...
I too appreciate the sentiment of the letter, even if I wish it wasn't Terry delivering it (because I fear his previous job would have normalised this kind of disappointment).
How they go at the AGM now will be telling. If they take their licks with a bit of humility, good. If they bite back... not good. If they get no licks at all, I will have lost all hope in CCE shareholders.
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