Based on fundamentals - what is a good price for these guys? 3cents, 2cents, more? For me, knowing what’s happened (& being committed) over last 8yrs plus and what’s coming for ceto6 - I think 3-4c is a good price, ideally it would be nicer if it were 2.8c but I doubt the current project list will warrant a drop to that level (although I could be wrong).
If people are not happy with the company why not sell and find something that suits your investment strategy, move on to something with better fundamentals and future prospects? I’m sure a lot of guys who are quite negative lately will be long gone when the share price does have a run.
I think the company is more than a balance sheet. While adverse numbers don’t look good presently they are in a “transition” period (that’s taken a bit longer than hoped). Hopefully in the next ~6weeks you’ll see the 3rd quarter results (hopefully income streams begins to show) and in ~4mths you’ll see full year results, I’m hoping it is a case of when it rains it pours and a large stash of cash will appear soon. If no income appears on the books in next 4mths, I’d be very worried!
It’s funny reading CCE threads lately, there seems to be a lot more animosity and/ or adverse tones on people’s comments. Some people have been called out and they have had to defend themselves which I don’t think is what this forum is about - I debated whether to even write this ... It stiffles good discussion, as some people will just end up keeping their head down and not offering anything - as it easier to say nothing than to have to defend a comment as it’s different view. I’ve noted a few of the long term guys have been very quiet lately, but a lot of them have more interest in wave technology than micro grid/ bess type stuff.
Note: If you think these guys are bad check evm.
CCE Price at posting:
3.8¢ Sentiment: Buy Disclosure: Held
