Hi Rockist, Totally agree with your sentiment on geothermal,
"Personally, as a geologist, I love geothermal and believe it is the best long-term technology to replace coal and gas-fired base-load power plants."
That is one of the reasons why I invested in this Company, I had a vision that central Australia would be the power hub to all states to clean renewable energy one day.
Unfortunately Rockist, GDY is not close to the national grid to capitalize on Habanero pilot plant but I can see that Beach Energy may utilize it in the future to the detriment of Innamincka township.
Totally agree with relation to the major generators, they'll wait until someone else spends the big bucks to set up a power plant. Replicating the Birdsville plant is a good idea too but it comes back to where do these small rural towns initially get the capital to build them. It always comes back to money, with have the technology it's the money that seems to be holding us back. That's my opinion.
Regards raysea
PTR Price at posting:
0.8¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)