It is 3GW of prospective projects.. until anything is realized, it is what it is on paper right now, which means we are overvalued. I think the reason we've come down to this point in the PPS is because people are still figuring out what they should actually think about this company.. there is the 'dark' side with Rudana (who has a bad rep in P&Ds) that is now not mentioned anymore. Then they have handed over a million worth of shares to some offshore entity, that stinks because that's how Rudana's previous P&D was 'set up'.
On the other hand we have what looks like a very solid company. Large names involved like Durrant, Tucker & ofcourse Seawind, $50Mil financing in place.
I think we should be able to make our minds up soon once the IR-firm is in place (which is a good sign too, if and when it happens).
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