Here is a mini rant that may or may not help you clarify your...

Here is a mini rant that may or may not help you clarify your investment strategy.

What I should have learnt is to take some off the table when we get the hype spikes (I have not done this btw, I just accumulate). The company is great at fueling hype. Then there is a lull and it crawls back down. It will do this until we hit real commercialisation progress and/or add major projects.

The reality is this is a medium to long term sock that was purely wave R&D and more recently got into microgrids. The ASX is horrible at valuing / rewarding longer term growth potential, it knows cashflow businesses and mining and thats it! CCE redirected EMC to focus on higher value / specialised projects, ie Defence. These have long lead times. It will take time. Each one will be worth 2-3 times the past years revenue though, so there is nice upside. It does make quarterly revenue lumpy (and really low sometimes). Soon Northam should result in a mil or so cash for the project development fees - I expect an announcement this side of Christmas.

Do not even think about dividends. Go buy bank shares if you want dividends. The MO reference to that was taken out of context - I was in the presentation. He almost laughed it off and made that point that in a few years when we are making a profit we can consider that sort of thing. That's it. There will be no dividends for years.