There are probably several Chinese contracts ongoing at any...

There are probably several Chinese contracts ongoing at any given time ... with a hold up over Chinese new year, there could be a flurry of C-MABR wins this week or into April (only the larger ones may be announced).

It is all about momentum, and for now C-MABR contracts are still a little sparse to convince the market that there is a 'ramp-up'.

It still looks to be early stages of market entry with a win here and there ... as we all would know, once the 'ramp-up' does truly happen... it will be pretty obvious to all, and that is when the market will start getting really excited.

Compare it to Nirobox for an example, they are winning contracts on a weekly basis and don't announce these unless they are over US$10m or strategically importance e.g. entry into a new region.

Who knows we may be at a stage later this year (I believe 2019 is more realistic) where C-MABR sales are a weekly occurrence and we get a nice big surprise each quarter when Fluence blow expectations out of the water with evidence of a real 'ramp-up'.

But for now, my sights are still very much set on BOT projects and Nirobox for 2018 .... a few big projects at our doorstop that could be announced any day... each have the ability to materially re-rate FLC.