RNE 25.0% 0.2¢ renu energy limited

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  1. 1,152 Posts.
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    I thought they were cheap at 0.90 and bought a swag, after all they had a promising timetable of milestones. hahaha GDY went hibernation and the SP plummeted.

    If GDY could spud HAB 4 before Friday I’d feel a bit better, especially if the SP jumped to 0.20 … I am wary after so many delays. Who knows, spudding in QTR 1 could become QTR 2 while waiting for final approval of well designs. Yes, I know I’m cynical – but who wouldn’t be.

    Will I buy in? Well SP may jump on spudding HAB 4, to give a short-term gain. The technology is not effective just yet so GDY will need some major developmental work before geothermal powers 20 % of Australia. Will this happen? Probably. In our life-times? Who knows. I’ve been waiting for the Potter drilling rig for years, every year it claims to be ready to drilling ‘next year’. So yes, I’ll buy in, again, and I’ll give them to my kids to use in 2050.
 
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