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l have invested a lot of money in Universal Coal in South...

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charlie boy

678 Posts.

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10/06/18

10:55

Post #: 33621541
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Originally posted by sierra ↑

I feel sorry for anyone that gets persuaded to invest their hard earned money in anything that has had it's day and is being replaced with cheaper and cleaner technology.
The only positive is that same money is funding those leaving to invest in the new energy future that is rapidly unfolding. Dumb in, smart out.

The massive government subsidies propping up fossil fuels will not be supported after the next election although the new government will probably support an orderly exit.

Don't get caught up in the group forum hype that coal is the future. That really is laughable.

My only interest is to encourage the transition as rapidly as possible because I think it's a much better future. I have no financial interest to cloud my judgement.

https://www.marketforces.org.au/campaigns/ffs/

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l have invested a lot of money in Universal Coal in South Africa. Don't feel sorry for me sierra, as l have doubled my money at this stage and receive a dividend of around 8% in dividends.
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