Banter and general comments, page-5063

the Vulcan short seller action is interesting. has anyone seen the short seller report. from newspaper reports good lessons in there and will be interesting to see how it plays out. for me it just reinforces why it pays to be a really boring miner. seems:
1. significant technology risk: this is where cxo have a big advantage using established simple DMS tech and no captive plant and no processing.
2. conflicts of interest around the core tech sign off - these seem pretty significant. their co founder used to be the CEO of the independent engineer that signed off on the core tech. surely this would have been independently reviewed and by a big name? hatch did processing but the core tech was done by a small conflicted co.
3. planning approvals in the Rhine valley. we have one resident NIMBy they have 10m of them and geothermal projects are hard to get planning approvals for anyway.
4. the zero carbon point: provided the offsets are genuine I generally think it makes better sense to be buying carbon offsets than trying to jump thru silly hoops to achieve zero carbon on site.

would be really surprised if Gina hasn't done extensive DD before jumping in and I don't know too much about Vulcan but the newspaper reports don't look good - one to follow...

for me key lesson is it pays to be a simple boring unsexy miner - there is already enough risk in doing that...