It’s the first time I’ve ever seen MO get a hard time in an interview. The tide has definitely turned.
I have no doubt it came as a surprise to him. He would have gone on there thinking he’d get the chance to comment on the NEG and then throw a few inspirational lines out about CETO to reel in some more punters. Just as investors have had enough, so has the media by the looks of things. The free ride is definitely over. Yikes.
As for being a few years behind schedule, I remember a BRW article in 2007 where he estimated that first CETO revenues would arrive in 2011!
And if the cost of batteries and solar have fallen so much and he couldn’t turn a profit with EMC, what hope does wave have?
CCE Price at posting:
2.1¢ Sentiment: Buy Disclosure: Held
