Did anyone see insight on Tuesday night? Peter Garrett and Ian MacFarlane were battling it out. Ian MacFarlane made an interesting comment when asked about Carbon sequestration:
“IAN MACFARLANE: We do know what is going to happen when it is in the ground, but the issue is what do you do? You have to do a range of things. You have to invest more in renewables and we are doing that, you have to invest more in clean coal technology, you have to consider nuclear energy. If zero emission or low emission coal fails, the only option is for a country to move to a form of nuclear power, because you simply cannot generate enough electricity in Australia from renewable energies like photo voltaics and wind. You then rely on two technologies, you rely on geothermal, which we are investing heavily in as a government and a consideration of nuclear. "
Has the Government heavily invested in Geothermal? When I think of the federal government heavily investing in something, I think of billions or at least hundreds of millions of dollars. Perhaps the Minister is hinting at something and we should see some big dollars flowing to Geothermal from the Government shortly. If that is the case then GRK with its location, resource, management and experience will be trading at multiples of its current levels IMHO.
GRK Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
