Base Load Electricity, page-2

Best to wait and see what Gus can produce now as its relatively simple from here on in- the company needs major capital injection (investment) to get this thing cranking.

Finally after 4 years decided to take a small position in the heads after offloading a few million shares post Fukushima- I initially bought PEN at 2.8c back in late 2008 and was roaming these threads long before most of you. I used to successfully trade this stock and others for a number of years and hung up my trading boots not long after Fukushima and do something more constructive with my life. Now Im a passive investor - seems a lifetime ago when we were all excited about PENS rise from my 2.8c entry to trading at 16c for a day or so! I recall being on holiday in the Saphire Coast in early February when it hit 16c
Anyway if it does dip below 2c I will buy more - longer term PEN has to rise from the ashes - even if a major player buys them out which is still a possibility.
Bottom line : They are still one of the lowest cost producers, once they become a producer-
Thats the issue right now and even when they do become producers it will take a few years to ramp up to nameplate capacity. I recall Gus stating in his last BRR about how production will go in terms of only producing what was necessary to fill existing contracts until the U price recovers rather than stockpile and blow out cost- makes sense so if this being the case we may have to wait for a few years to pass- ENERGY is necessary.

Cheers Schumacher

Something to ponder :


Alternative energy cannot compete with nuclear. Let's take a look shall we?

NUCLEAR:
Current nuclear tech can output between 1000-1500 megawatts per reactor. Reliably. 24 hours a day, 7 days a week.

SOLAR:
The world's biggest solar thermal energy generating facility in in California (over 1600 acres in size!) has a maximum capacity of 354 megawatts - but really only produces something like 80 megawatts at normal efficiency. And then you have to figure out how to store the energy captured during the day.

WIND:
The largest wind farm in the world (in California too) produces 1020 megawatts. That looks pretty close to nuclear! How much land do you need? 9000 acres. And of course you better hope the wind is blowing!

WATER:
China has the world's largest hydroelectric power station. 20,000 megawatts. Pretty impressive. But you need 600km2. And it cost over 20 billion USD.

SUMMARY:
With world population becoming a real challenge, and farmland and food supply getting ever more important, nuclear power offer the best cost-benefit ratio hands down.