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strangelogic

2,849 Posts.

714

04/08/20

13:47

Post #: 46291039
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Originally posted by Ashentegra: ↑

An interesting development, jezyh.

Como near Rockhampton is ~1500km from Kidston, so the battery is a stand-alone install. Central Qld is awash with unfirmed solar and there is a good chance of making a buck in this market. The Qld government will be thrilled to have the grid there stabilised by a battery. They or NAIF might even tip in some soft loans.

I remain deeply sceptical that GNX holders will make anything on Kidston PH. The rent contract and option to buy looks most advantageous to EA while a lot of risk remains with GNX. An equity partner still hasn't been found to fund KPH and I suspect this is the stumbling block.

A little big battery would make a useful addition to the Kidston complex and drive the whole apparatus harder - pumped hydro, solar, wind and grid connection.

I was so appalled by IFN's Quarterly today that I sold out completely. RR & team just gave up. I thought they had some brains. If Iberdola don't gain outright ownership the price will fall and I will be able to reenter cheaper.

I take a handsome profit but lose my exposure to wind farms/renewables. I doubt GNX, might have to consider TLT.

Not happy.

Ash

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Welcome to the club Ash.

IFN Price at posting: 92.0¢ Sentiment: None Disclosure: Not Held
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