Been pondering this issue for nearly a couple of weeks since the last quarterly but thought that maybe I was wrong given the recent Dr Balce visit and his prior interests in Indonesia...
Page 4 of the recent quarterly states that Nido has 'As part of its ongoing review of its investment Nido has entered into an agreement with the Centre for Energy and Greenhouse Tehnologies .... whereby CEGT will acquire Nidos remaining 2005 funding commitment of Cool Energy valued at $405,000.
Given this news and an earlier statement that also totally surprised me that Nido are going to distribute the shares to existing NDO holders of a Cool Energy float - makes me wonder if NDO haven't re-evaluated the Cool Energy strategy and see that their future is in the Philippines and North Sea rather than mucking around with new technology?
Opinions invited.
cool energy - cooling?
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