Yes, I had meant to make that point (Capital raising, over-priced shares) about Kuth, before I went overseas, but it slipped my mind. I had formed the view in January that CCF, KEN and CBD were all over priced.
Kuth has a bunch of qualities, as a company, that put it in a different class from CBD and CCF. If you were going to have a couple of highly speculative clean green stocks in your portfolio, I'd have KEN and CWE. However, keep in mind KEN is reliant on PPA happening, which would be a first for an Aus geothermal, and major CWE investors and board members (and boy do they have a great board), basically look a lot like philanthropists from where I'm standing.
Good company (the fellow investors) but you wouldn't want to rely on turning a profit. Meantime, I'd prefer VMT over KEN or CWE, and VMT is currently my "high risk clean tech" holding. It replaced KEN. Also worth considering CFU. But VMT is my favourite green speculative.
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