Maybe you should read the title of the announcement.
“New Power Plant to be fully funded by Ignite Energy”
The “hybrid” part just refers to the use of solar panels and a new heavy fuel power generator.
JW should be getting an innovation award not hit by the diabolical shorting of his stock and this is not the first of its kind in Africa it’s just the largest of its kind.
Here is some information on the state of play of solar/hybrid in Africa
https://hotcopper.com.au/threads/sa....4434395/page-5?post_id=35641265#.W_s50Ro_WhA
and here is an Australian government report on the subject
https://hotcopper.com.au/threads/sa....4434395/page-7?post_id=35641877#.W_s6QBo_WhA
If the market is too stupid to not reward companies for building world class innovative projects I see it as opportunity. Eventually the full benefits of all these “smarts” will flow through for shareholders.
Well done to the company for standing out from the pack. I’m willing to follow JW on this brave heart innovation crusade. I like the reference to supplying power over a period of between 12 and 20 years. This mine will be around for so much longer than its detractors. The detractors are living on borrowed time and borrowed shares, literally. Esh
Maybe you should read the title of the announcement. “New Power...
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