Ann: March operational update, page-65

I have been trying to understand the difference between my high expectations for March and the actual result. The premise being LPEs 16 week average conversion rate would yield results as 117 GWh was in the contracted pipeline, with 70 GWh being near term.
It has been a worthwhile exercise in gaining better understanding of the companies drivers. The understanding is my interpretation emails received from LPE and is more general than specific to my original enquiry.

The 16 week average is being achieved, but is a combination of easy smaller stratas that will convert in 4 weeks and large that may take 40 ie 40 + 16 + 4 + 4 divided by 4 gives an average of 16 weeks. So until the large stratas start coming out the other end of the production line growth will not be as simple as saying the 117 GWH will be delivered in 16 weeks.

Availability of capital and customer pipeline are not constraints. LPE are growing in a self controlled manner in accord with their 5 year business plan, which they are currently well ahead of in both volume and time. Controlled consistency is the key to future accelerated growth

Customer service levels/satisfaction are paramount in developing a large business with a 10 year plus horizon.

My overall sense is that LPE is a powerful vehicle, quite capable of snap your head back acceleration but is being carefully driven to achieve the same velocity without the risks.

In the mean time buying at 2c is like shooting fish in a barrel