Graham, I think what you and everybody else in Panax has at the moment is an overwhelming bout of Sovereign Risk.
Diversification of projects has not worked out for numerous reasons, now we are waiting for an argument to finish over the feed in tariff, something that has been taken completely out of our hands by the major partner, although PPA's for other projects have been agreed at existing tariffs recently. Kind of indicates good sense on the part of Molten's present lack of exposure.
This is a classic example of how the markets are manipulated, and I don't just mean the share markets.
ifandwhen
PAX Price at posting:
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