CEL 7.27% 5.9¢ challenger gold limited

“South Africa’s energy demand is expected to increase by 60 per...

  1. 307 Posts.
    “South Africa’s energy demand is expected to increase by 60 per cent up to 2050. Coal cannot supply it; if coal supplied it we would sit in darkness and not see our beautiful sunsets under the African sun. At today’s state of technology, the best way to mitigate climate change and CO2 emissions, the cheapest thing technically is to switch from coal to gas combustion. It reduces CO2 emissions by 50 per cent. It’s a much more effective way of producing energy,” says Altermann.
    “People talk about fracking and groundwater; no one realizes that actually in many areas where groundwater is scarce, where there is not enough water to supply the population, fracking is used to extract groundwater. They frack the rocks, the aquifer, without chemicals with just water and sand and crack the rocks, so that water can flow out the cracks easier. It is used by many countries especially in sub-Saharan Africa.”
    According to the professor, fracking could change the face of South Africa and not cause too much worry.
 
watchlist Created with Sketch. Add CEL (ASX) to my watchlist
(20min delay)
Last
5.9¢
Change
0.004(7.27%)
Mkt cap ! $82.08M
Open High Low Value Volume
5.7¢ 6.0¢ 5.6¢ $106.7K 1.872M

Buyers (Bids)

No. Vol. Price($)
1 372723 5.8¢
 

Sellers (Offers)

Price($) Vol. No.
5.9¢ 10000 1
View Market Depth
Last trade - 15.46pm 21/06/2024 (20 minute delay) ?
CEL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.