Article in today’s West Australian is pretty much the same as the abc report
Commenting on wave engergy as a whole smart strategies MD Prof Wills felt that ”they’ve still got, in my view,a few years to get it right, but if they don’t crack on.... in a few years they’ll be bypassed”
As a whole industry renewable energy is moving at a very quick pace and wave should be the most reliable energy source however if it can’t be harnessed reliably and affordable where will it ever fit in the industry
We do know if Ceto 5 even powered a light bulb
Maybe for the true believers of wave energy it’s time to go back to the drawing board without a company that is run by a lifestyle ceo
At the end of the day it’s the shareholders who keep this company going and people who are the true believers not share traders want to see a success of wave energy
CCE Price at posting:
1.2¢ Sentiment: Sell Disclosure: Not Held
