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05/10/18
14:56
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Originally posted by Teddyward
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Col I have to ask
If you only discovered it in the last week as per example what would make it a attractive buy?
It will require funding
It requires expensive research
It needs to find a sugar daddy with industry links
It needs regular income of considerable scale top support it's administration costs
It relies on politicians and policy and a reasonable economic and green environment setting
Has had major management changes in last 12 months
Many questions unanswered
Reliant on grant money ATM
Poor history of project management IMO.
New untested management
What near term positives would make you buy until it settles and see what direction it travels in with it's business
I have along history of liking the thought of ocean energy science right from the founding inventor but not been impressed by CCE in many aspects .
Yes the market and being listed is monkey business and that is a massive issue as this sort of research is usually undertaken by government CSIRO not unfunded private company . Market can also be the truth detector as it is public if it is transparent
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The price, continuous gov funding, the concept and newly designed CETO6 approach, all the negative press means a little good news or even stability will be a big positive, the new CEO is a plus for me, a new chapter. Strangely , I also find perma bears encouraging , to me its a sign there is interest in a stock.