...With regards to PAX, i feel they have gone offshore to Indonesia where there is very strong geothermal resources and the fact that Geothermal is in full swing in the region..Check out the Geithermal to the Lihir Gold Mine..
..The question is...why arent they pushing ahead in a big way in Australia...
..I have 2 reasons...
...The first is that the current Govy whilst blowing its bugle on Green Energy seems like its all hot air and little else..
..and secondly the Aus Govt went crazy with the Solar cell thing but it seems the huge amount of energy coming back into the grid is now causing some tech problems...They need to find a power source simlar to the power potential of coal and that is only Geothermal yet incredibly they are now doing a complete backflip and going pro Nuclear...Go figure...
...RB
RNE Price at posting:
18.5¢ Sentiment: LT Buy Disclosure: Held
