Ann: Underwritten Rights Issue , page-26

peteai

suggest you look at watso's posts on gdy - where watso made the following comment

"investors, who buy the shares, and who contribute to capital raisings, are entitled to a massive reward."

of course, greenie shareholders who invest are entitled to be rewarded, and pax are offering a wonderful opportunity for greenie shareholders to keep the dream alive.

watso would be ecstatic if renewables were to be price competitive with coal. one day, they will be, but for the time being, they are a waste of time.

gdy have probably spent more money over the years, than all of the other geothermal companies, put together. sadly, all that the company has done, has proven that it is not easy. only a week or two ago, there was some greenie polly telling us, that australia had massive resources of renewable energy in geothermals - but where is it?????.

solar panels have proven to be a dud - the cost has been so expensive, that governments (state and federal) are cutting back on the programs.

one wonders of some "renewable energy companies.. eg geothermals" were simply formed to "mine the stockmarket".

the good news is that the core of the earth is supposed to be molten iron - so that should provide a good source of heat (energy), and also a lot of iron