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05/07/18
17:22
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Originally posted by Thanky
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I've been thinking about this for a while but I don't think I'm going to chip in for the Share Placement.
The only news of new projects is the upgrade to their old AJ Bush bioenergy project with a potential extension and solar addition (not confirmed).
No new shopping centres, no additional acquisitions, no referrals from their US based lead gen partner.
Some hope that we'll get more bioenergy projects, but it is starting to look like it was just a sale with some window dressing around the side.
Goulburn went ahead with ARENA subsidy and had a very long time lead from announcement to finalisation.
Surely they don't need funds, they sold part of Goulburn, paid for the SCA sites in cash so can borrow against them for future projects.
I think they're taking advantage of some positive news to sure themselves up for another 12 months without the pressure to get to cash flow positive. They stated that they had a run of projects to get them there by mid year, they've now said that's not the case because they sold Goulburn. No news of corporate overhead cost reductions etc.
Sorry RNE but average job. Should have twice as many projects in the pipeline by now, there's a solar boom around the country. Where are the deals?
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Mate I totally understand where you come from on this. Still another week to go before the offer ends, an announcement might be just around the corner.