RE: Uskmouth18 May 2025 22:54
All that is to say: A re rate of 2x to 10x is "just two years" away.
How it has been for quite some time. As positive as everything looks at the time being, without substantially news one milestone at a time, we will not see any re-ratings.
The 10x hypothesis is real, but anecdotal articles won't do much. We need financial close for the first phase of BESS, anythings substantial wrt MeyGen and clarity on Mey BESS.
I'm starting to realize that we might still have to wait another one or two years until the valuation goes where it could be - based on the thesis of all projects being a success.
I don't mean to sound pessimistic, just a bit tired of having to wait so long for tangible program. Yes, there has been progress (I guess), but I thought that, by now there's not going to be any doubt on most of these project. But here we are, still waiting 😒