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I genuinely believe it’s only political suicide because of the...

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MrMysterious

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16/12/24

11:46

Post #: 77065938
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Originally posted by sodge ↑

Looking at the entire PKIT situation and also our PEP11 stalemate, I do think the goverment has painted themselves into a big of a corner.

Whilst Labour are happy to splash the cash around, I dont think the electorate are going to stomach any more of these subsidies.

In regards to our PEP11 project, I feel it will just sit on ED's desk until the election and shortly after no matter who is in power we will get our decision. Even with the Greens kicking up a fuss I dont feel that Labour are finally realising that the grid needs a "gate keeper" in base load "mechanised" sine wave generation without the inherent choppiness of DC to AC converters. Now having worked around inverters since the 1980's, I have seen first hand the harmonic issues that as yet on a WORLDWIDE GLOBAL" scale they are unable to engineer out.

Bottom line for you ALL is in laymans terms it is currently impossible to create "clean" electrical power using inverters, let alone how they would plan to sync them all to align both the voltage and current angles together to all work in harmony.

Remember also that unlike in the movies, the power from your electrical socket was created microseconds ago and there is no way to store AC socket power, only solar panel etc DC power.

Anyway I dont think a lot has changed here and I do think it is political suicide for either or both parties to deal with such a big potential resource such as PEP11 negatively.

Throw in 20/01/2025 the TRUMP DAY and you have quite an interesting situation unfolding in our Sphere.

Having said all that, will GB get his $0.003-$0.002 fill? maybe, but if you factor in what I have written above AND the fact our double edge sword of tax free gains and unclaimable losses the volume sub $0.004 is likely to be minimal.

GLTAH as the above is just a statement of what I believe to be the facts from a reasonable holder.

Still happy days!

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I genuinely believe it’s only political suicide because of the rich oil and gas lobbies paying off the politicians to refuse this project. Why might you ask, what is the gas cartel scared of?

That’s why I reckon it’ll be “denied” for the court system to decide; that way all liability is off any politician.

Regardless I feel anyone involved with PEP11 that Christmas will delayed till beginning of February

MMR Price at posting: 0.4¢ Sentiment: Buy Disclosure: Held
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