Hello HM, +1 to you.
Great line of discussion. ROI is close to Brad Glynn's heart I believe and now they have to step up and make this clear. ROI of course relates directly to SP, one and the same.
They have to keep their options open at this stage as credit markets are not easy in this climate. By this I refer to sovereign risk issues, banks hoarding cash and playing the yield curve for easy balance sheet repair etc. This is the risk side of the equation.
However as you point out so correctly the price of electricity is going up and this makes electricity the next sexy investment to be in. CXY as all about electricity and right at the optimum time as power is a HUGE ISSUE and one that ABSOLUTELY HAS TO BE RESOLVED - we have no choice.
This should enable a major company/s to step up and build a series of modular power stations for CXY to supply gas to on long term favorable contracts that will blow the market away. This will take time however, to start initially (what we are seeing now) and then spread on a global level. And CXY being amongst the global leaders in UCG this model can be replicated without significant dilution IMO.
Caution DYOR this is my take on the undercurrent gradually surfacing from what we see of the Len Walker / CXY Team strategy. They are positioning themselves brilliantly and now the market needs to see fruition! As I said Rome was not built in a day, one careful step at a time they don't want to make a mistake.
Cheers,
CW
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