Monitoring the Phase 1 Output, page-50

I repeat, full capacity by end of February.


Looks like downwards pressure has been from option conversion and general market sentiment.

Current pricing, in my spreadsheet, says that this is undervalued even on the 50MW project alone.

I have been buying, which is the first time I have been for almost a year.

The key upcoming events for me over February and March are:
1) Finishing commissioning and starting our PPA of stage 1, e.g. guaranteed revenue.
2) An announcement regarding PPA discussions for stage 2, e.g. major derisking moment for a large project.

and a hopeful 3rd;

3) Anything about NAIF funding...