RE:Lucky we have solid projects in Canada right nowThe major concern for EHT investors should be the health of our CEO. EHT is reliant on Gamble inking deals. It’s South Korea, not Japan (and Africa is a continent not a country). Axia is the most intriguing of the deals signed to date. SK’s handling of Covid-19 has been exceptional and bodes well for a short delay, if any, on this project. It also points to the strength of the SK government who are behind the push for smart farms in the country. Investors should draw confidence from this, it’s not pie in the sky and we’re seeing when they want to get something done it’s not just a slogan.
It would be nice if there were more updates on the Canadian projects – the company should use social media. Really, we don’t need a press release to see if they delivered panels to a project in Northern Ontario when a tweet will do. The Company have improved their PRs over the last few months in attempt to address critics who will never be satisfied, but it’s still an inefficient way to let investors know what’s going on. Where there’s a gap naysayers and neurosis step in – on average that’s every two weeks on SH – it’s a pattern (predictable and kinda funny). Gamble should do an interview.
Cannabis was a good idea a year ago to generate stable revenue and while the grow pod is small, EHT are not a grower so expect approval to take longer as Health Canada make them jump through hoops. Any revenue from cannabis this year would be a bonus. It’s the smart farm unit and Northern Shields projects that interest me (in terms of Canada) due to climate change and a desperate lack of housing for aboriginal communities.
As for the Ghana projects, the UNOPS project with SHS is funded and suspect they’d be pissed the site had to be moved. They’re complicated with multiple stakeholders and don’t fund until they have all required elements in place. This was not an EHT project and attacking them on these boards for not updating us when neither UNOPS or SHS provides updates is a tad ridiculous (as frustrating as it may be). EHT have come in on the Gov. of Ghana side. If anything, kudos should go to Gamble because it looks like he’s blindsided SHS for EHT to be the provider of solar panels. Note this is for 6,500 apartment units, and when it was announced, none of the critics managed to ask how EHT’s systems would generate enough power for such a project. We got an answer late last year with the massive increase in power from their panels. Again, as investors we are left guessing and piecing information together, mostly for the answers we want. This is because EHT is a small, very busy company that hasn’t directed resources to PR.
Perversely, COVID-19 might put the Ghana clinic project that disappeared last year back on the table. Again, I’m guessing there wasn’t funding so it was shelved, but a line in the Q3 MD&A suggested it wasn’t dead.
As for the other big Ghana payday project, I estimated a year ago we wouldn’t see revenue until Q3/Q4 this year and took a conservative position they may only build 1,000 units in the first year (or none). If this shifts back another quarter or two because of Covid-19, so be it. The last release seems to provide a realistic timeline and estimation of units built and should be welcome - I didn’t know how a small company with little experience of these massive construction projects could build 10K homes in the first year. This plan seems to make sense. It’s a learning process and they can take this into future projects. And just 1,000 units sold would generate some serious revenue for that balance sheet.
If you want something else to be excited about Ghana, then check out the open for business rankings here
https://www.usnews.com/news/best-countries/open-for-business-rankings. Ghana is 38
th(the top country in Africa), India is 35
th, Italy 36
th.