Do not believe things if some post 10000 posts about This Technology does not work because of Salt water
This company is doing a review of the strategy, smart,.while,if a mark 4 would not Be fitted in a contract You better revise It, and refocus on buoyns that are better To deploy.
They need to fine tune ...and they make energy
it IIS very simple to say salt water etc is the cause
cash is 1.5 or mor
after a big deployment it will be back to 3
Realize they probably need to pay 35% of their cash to laywers
and after 15 year they have a product still not working
what is their future....buyout only
Basically they Said the big buoyns do not work (commercialised)
but what are the smaller types??!!,,do they generate enough Energy?
did someone joined the webcast....I cannot find a,copy..
as I understand they now Will focus on smaller ones,,...and try To improve those....
but are the smaller ones competible To wind Energy?
Going back to smaller buoyns?
does also mean..less energy??,,,,but better in control!
now the need To finetune....before doing commercialised viable projects
no words on lawyors?
My question is....how close would they Be of manufacturing 100 buoyns on low cost that work!!
With their cash they can stay on quite some time
class action,may take many years, but for sure they need to clarify why they did an IPO on 3.1
while 5 month later they quit a project on for this moment in,their own interest....(they for sure now cannot comply to that contract....
hopefully their insurance covers part....
in,the CEO wring doings......in case of a claim....
would it not,be in the interest of the aus gov.to use this clean energy
my guess is after the class action optt will be bought by???
Noone serious Will ever invest in Nigeria, unless completely covered
But do You understand the risk of trying To complete o project with a bad contract!!
they take a hit,now,,..on the share, but a New contract is viable
Prefer Japan or Australia instead of the World most corrupt country
when do shareholders start to,understand It was good To terminate This contract To avoid issues later.....