GREY:XEBEQ - Post by User
Post by
tamaracktopon Apr 04, 2022 10:40am
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Post# 34572929
It's a rare occasion that I completely disagree with Ciao
It's a rare occasion that I completely disagree with CiaoI not only disagree with him, I think he's wrong.
When I suggested that this week's RNG Forum would be an ideal time to announce the first Boo contracts, I didn't mean they would announce them at the actual forum, I meant they would announce this week.
In all fairness, he may have misinterpreted my post when he wrote
"no hype = downplay
This RNG forum was planned months in advance and announced about 7 weeks ahead. Any LOI or any contracts related to the partners for RNG (BOO), hydrogen would be a coincidence. When a material event occurs, it's announced. XBC has a lot on the go behind the scenes, we don't hear about it tll it's announced (ie. MOU with Summit)."
Or perhaps it was I who misinterpreted him.
I'll point out that Xebec has a well-known policy of not releasing news of individual orders unless they have an impact over $10 million.
The MOU Ciao refers to was only announced because of its sheer size.
It's $126 million.
Any individual Boo project will produce zero revenues in the fiscal year its announced, so it follows that Xebec can't be held accountable for withholding material information if they delay announcing any Boo project for a week or two.
It's entirely possible that when this Forum was first announced several weeks ago, the Quebec government and GNR Capital Quebec were confident that at least one of the previously announced LOI's would be signed into contract before the forum began.
I see a high probability of news on Boo this week.