I think you make a valid point re management’s salary and it is one that has been ongoing.
However I disagree with the assertion that they are doing nothing to be profitable. They have 30 million dollars of work on the books. There is clearly a pipeline of work that will raise that to the hundreds of millions. How quickly they can move that pipeline into actual revenues and then profit is the critical factor. But it is clear that finally management have a pathway to profit.
I think in terms of competitors the STand alone tender will be enlightening. How many we win will indicate how serious these competitors are. Also if we start to pick up the DOD contractors it will show we occupy a niche that others will find difficult to crack.
Finally on competition our history says we will do alright. Remember we were in the final five for the sa battery, we have won a number of tenders already demonstrating we know how to operate in this space. But just relying on tenders means we have to rely on others for our revenue. Which is why I like the focus on developing our own projects such as solar farm.
CCE Price at posting:
3.2¢ Sentiment: Buy Disclosure: Held
