RNE 0.00% 0.1¢ renu energy limited

no gov money yet, page-3

  1. 5,428 Posts.
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    GDY has already made a series of poor engineering choices starting when they chose to hydraulically fracture the hot but not dry rocks of the granite basement. This would have transferred stresses from around habanero 1 to the surrounding rock volume. When the underbalanced Habanero 2 encountered this additionally stressed rock the consequences were not just unfortunate they were predictable and now the sh*t is hitting the gravy train.

    I knew Doone Wyborne as an undergraduate. He was a smart boy then and he's a smart man now. His hot dry rock hypothesis has now generated a proven potential resource and if GDY can actually get on top of the technology, long term shareholders gan expect to be well rewarded.

    In the meantime I'm expecting the sp to head towards support levels around 70c.
 
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