I’m not sure about 20mw. I thought it was just one buoy for a year and then potential reassessment.
I agree The numbers are frustrating. It is a complex revenue stream at best with joint ventures, multiple potential revenue streams etc.
This quarterly is going to be very significant. MO has foreshadowed a record revenue, he needs to deliver. Following this quarter there seems to be enough work to drive growth through till end of year. What worries me is the announcement for future work have dried up. They need to keep churning through those in order to compensate for the long lead times of these projects i.e. if they arnt announcing projects now in a years time we will have little growth.
MO stated that we need approximately 39 million in revenue before we will be close to profit and his guidance was FY 2019. There must be announcements soon......
CCE Price at posting:
2.7¢ Sentiment: Buy Disclosure: Held
