I'd say the proof will be in the pudding re profit: they'll either turn one this year as they've said or they wont. We can only speculate on the numbers but, if they sell 60,000 tonnes per month as predicted, I'd say there will be profit. It's certainly an important year in that regard as no profit and no ppa will probably spell the end.
There's no way the powerplant is factored into share price imo ($8M market cap atm) but sounds like it should be noting the minister is now complaining that they're meant to be generating power too! I like sinohydro- they've brought some life into the power power plant which was otherwise long-since dead and they seem perfectly capable of advancing that project.
Anyways, it's dropped 33% percent in a week and i doubt very much it's due to reports in the citizen as opposed to what happens to ASX specs between announcements. I'd be frustrated but am used to this!
IEC Price at posting:
2.1¢ Sentiment: Buy Disclosure: Held