They will almost certainly pull it off because:
1- Power companies are already producing clean energy from the same geothermal brines.
2- They are using DE technology akin to Lilac Solutions' tech which has already been recently proven by ASX:LKE to work
3- The only issue is scaling it up, and they are already forecasting selling excess power back to grid. So that does not appear to be an issue.
4- They have an ex Lilac Solutions' Board member which should be very useful.
Full disclosure. I hold a significant amount of VUL/VULO. I also hold LKE.
NEXT SMALL CAP - Our Top ASX Pick of 2020, page-237
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Last
$3.17 |
Change
-0.140(4.23%) |
Mkt cap ! $545.4M | |||
| Open | High | Low | Value | Volume |
| $3.30 | $3.30 | $3.15 | $1.098M | 343.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 16009 | $3.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.21 | 24019 | 2 |
View Market Depth
| Last trade - 16.10pm 02/05/2024 (20 minute delay) ? |
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Last
$3.17 |
Change
-0.140 ( 5.10 %) |
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| Open | High | Low | Volume | ||
| $3.27 | $3.27 | $3.15 | 39010 | ||
| Last updated 15.59pm 02/05/2024 ? | |||||
| VUL (ASX) Chart |