Real test of patience here.
February conversions were a bit light on at 6.52GW.
December Report had an unexplained drop in margins. Thanks to Pwrtrdr for reaching out to management "LPE sell to embedded networks but before they are embedded networks the are C&I electricity accounts margins on these are on very low. they all ramp up or come online but there is a period where they are C&I, the bigger the amount in C&I the bigger this affect will be, as the quantity of embedded netowrks increases the affect of these type of meters will become less".
We need a booster from somewhere. Possibilities are:
1. High cash receipts for March Quarter due to peak electricity usage over the holiday period.
2. Bank facility approval.
3. Acceleration of conversions. $5.78m CR - "Proceeds from the Placement will be used to convert communities currently under contract to under management along with accelerating growth throughout South East Queensland and into regional New South Wales".
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