RNE 16.7% 0.5¢ renu energy limited

perth shareholder evening, page-28

  1. 286 Posts.
    TP,
    did I hear you say "bother" or words to that effect.
    Yes, PTR are masters of selling. The only thing in their favour perhaps is that they could possibly establish enough holes to make a small commercial plant in a shorter time than GDY can drill the holes required for their plant.
    This assumes however that they can establish a resevoir and that the hewi model works.
    So many ifs and maybes, but the informed investors should be able to see that. PTR in my view is merely a play leaveraged off GDY and PTR's own publicity which the market is gobbling up. Ride it while the market are believers.

    Regarding plugging into OD, I seem to remember a conversation with Doone Wyborn about a year or more ago, that there is already a grid line to OD so all GDY have to do is build a line to there to plug in initially. It was more a discussion of how far they had to go to plug in to the existing grid rather than supply OD with power.





 
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