Agree with many points and I am one that has projected uncertainty on position and dissatisfaction around state of play.
I think many can be forgiven for their frustrations around the present situation.
As I see it, if this CR fails on its objectives, this business is in a lot of trouble and will be lucky to see out the year. Good reason for many to be disenfranchised.
No where in Delaware release does it say profitability or profit, as per usual CCE reference revenue. Very different matters and I personally do not think it is the right guidance to make decisions for an ASX listed company given the history and recent financials (note I’m not after profit on project for obvious reasons)
It does however in the SPP, guidance is roughly 2 years. In CCE land make that 3 or 4. Even at 2 I don’t think given current structure, unless there are some very large profitable project wins, can CCE withstand that pressure.
Unless CCE start focusing on and obtaining profit, revenue becomes irrelevant. (Unless you can keep getting handouts from government and bold and optimistic shareholders)
I also don’t believe there has been reference to variations, regardless quite possible. I hope if there are variations we aren’t looking in the magnitude of 25% if the reasons sit on our side.
I respect your optimism but right now I am trying to make decisions on information to hand and insights from the market and in my opinion there are many things that don’t seem to stack up.
Let’s see what the coming days hold. Good luck. JB
CCE Price at posting:
3.0¢ Sentiment: Hold Disclosure: Held
