These changes seems to have arisen from the Tracing Notice issued in mid-December. It seems clear that CSE had become a play thing of one our two people and had lost its way. Of course it did not help that the SYR share price has collapsed from over $5 to below 50 cents recently.
SYR should still be a good investment.
A fresh set of eyes by the new board members ( and shareholders?) will be good. Also gives them access to any recovery in the SYR share price in the next few years.
However, new technologies such as battery powered vehicles and homes are still a long way off, several years?
I read the other day that Victoria infrastructure people have calculated that each powered vehicle will use about the same amount of electricity per day as a regular suburban home. As a result much additional power generation will be needed in the years ahead involving massive capital investment. Nothing is for free. Who is going to pay for this and what are the consequences for the type of power generation. Maybe those that want an electric vehicle should pay for the additional infrastructure!
I have shares in three other emerging technologies. Each is suffering from the inability to cut through the innate conservatism of the 'gate keepers' in those industries. The take up of those technologies is much slower and will continue to be so for a few more years at least.
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