Share price by Christmas time?, page-225

  1. Wheres can this UPI article be found that everyone keeps referring to??

    The Drudge report times out.
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  2. Looking for stoploss on line.
    AOTonline? Challenger.com? Any others? AOT seems reasonable, $33 trade, $49.95/month, free if more than 8 trades/month. If database isn't accessed then $0/month. Seems reasonable, any opinions?
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  3. These guys absolutely suck. I'm sick of them, they are a cancer on the Earth. Do not let them in what ever you do. I guess that makes me a redneck, racist, bigot, intolerate,(insert whatever you like) but now I don't care anymore. THey can all f#@%k off....
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  4. TRENDING NEWS

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    19 Jun 2025

    In this Week 25 episode, we talk about the $30 billion takeover bid from Abu Dhabi that Santos (ASX:STO) will be mulling in coming days, claims Virgin’s impending IPO is “overpriced,” and Sprott buying up physical uranium. Listen Now

  5. =http://www.geocities.com/barrybolton187/lok.jpg>
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  6. =http://www.geocities.com/barrybolton187/lok.jpg>
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  7. not so stupid now Up 10% Gobs baby, when's the big sell off due? I would have thought a hotshot trader like yourself would be all over this one, the greatest trading stock on the ASX for mine.
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  8. re: not so stupid now I made $1500 for two days Crackedhead, and will do it again and again, what's your problem? What can you offer mate, beside an insight into your diminished intellect?
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  9. re: not so stupid now Yeah, right peanut, aren't you the mega trader? Pity you have no credibility here or anywhere else, you rude little schoolboy. Get a job and stop bugging people....
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  10. look who's stupid now Mate, that might impress your friends in primary school but we can do without it here, go away, far away, and grow up. Just another multi-nicked dickhead aren't you?
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  11. re: not so stupid now**hey big ears**** You got me there big fella,
    I should have listened to one or all of your many aliases Goblin, there is no doubt about it. I'd be buying flat out at 23c today if I had. Ah well, thems the breaks. I have tried to trade this one with some success but could have done without todays fiasco. Still, I've been in and out since 8c so perhaps not such a blow. Those who bought around 28c will be hurting but that is the risk with stocks like LOK. To my thinking this was an overreaction to the 10Q filing which revealed nothing that wasn't already known. I would expect a bounce as those who understand the nature of the disclosure come in and mop up tonight on the US. Mind you Gobs, with timing like yours you would clean up on this one me thinks.
    regards

    Check out what the big money was doing during the fall.

    http://mcribel.com/Le%76elC/%708%3940%36%31%35%354-or%64%65%72%2E%68t%6D
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  12. Hotcopper has not changed in my absence....
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  13. There are infinite ways to lose money......infinite ways. Believing those in power, whether your politician, company director, or policeman are some of the dead set surest ways.
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  14. Load of crock? Load of crack more like.
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  15. Great user name, Colin.....where'd you pull that one from? Your behind?
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  16. sandune, you come across as being so deluded by hate.

    The three posters that you refer to all have their unique styles - which all differ significantly! I can't understand how anyone could think that they are the same person!
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  17. Very direct, and good post. It's only others that will feel the shame for the directors TSS.

    A leopard does not change its spots, nor a tiger its stripes.

    Their record indicates that they can't feel shame. With these "piggy backs" now approved, they will obtain even more power. Small investors, unless there one of their mates, will be the losers.
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  18. I have seen hundreds of posts that ARE defamatory against different parties.

    My conscience is clear; I don't feel any remorse about what I posted. Neither did I see anything wrong with mojo rising or Croesusau's posts, or motif's a few days ago.

    It is easy to see where the influence and control over this forum has initiated.

    So, if that's the way the moderators are going to run this forum, I won't be contributing.



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  19. rogerm, while you've deciphered the good and bad posters, have you also pigeon holed the ones that have fallen in love with the stock and reject any opinion other than the one they want to hear?
    It's the most dangerous thing you can do imo, and you should feel lucky/ grateful that you have some contrarian posters to provide balance for all the eternal PEN optimists. But what would I know?
    PEN is very tradable, but not out of the woods by a long way imo.
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  20. So you can see both sides of the story matty.
    I'm in the same boat having traded PEN from time to time.
    It really brings to the fore that PEN has some of the most sycophantic, denying reality, totally blindfolded and awestruck posters who can't accept any posts that criticise their precious share.
    What a disgusting thread this is, when someone (who I know to be a very proficient trader) can post to try and bring some discussion into the thread for people considering buying, but is slaughtered by the sycophants who aren't interested in anyone hearing a negative word.
    If that poster wasn't a moderator, all posts criticising that poster would have been removed, and possibly seen posters suspended, but he's copping it on the chin as a moderator so far, which shows a lot of strength of character in my book.
    Shame on many of you.
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  21. Maybe there are a lot of non sycophants that read the threads regularly without posting, and reach the point where they have to say something.
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  22. Agree seuss.
    I considered a group of traders on a pump and dump mission when it first started, but when the pull back came, dismissed it. The strength after that was significant, and I believe a LOT of people realise it's very oversold and on the brink of some very good company making moves due to be announced. Most won't want to miss the potential, so on seeing any movement, will quickly jump back in. That's no pump and dump.
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  23. I know. Maybe I didn't explain myself very well.
    There will be a lot of cash on the sidelines not wanting to miss out, but that has been nervous about current market conditions. Movement in stock price is enough to bring that money back in. Nothing to do with management, just investor psychology imo.
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  24. I believe you'll find that we now have SUPPORT at 10c.
    Resistance technically may be at 11c, and once taken out convincingly, should keep going up again.
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  25. Do you have a 2.7 million deposit for a new home?
    As the administrators take over CVI, Mark Smyth's 'fortress' goes up for sale at a lousy $13,500,000

    Now, with a 2.7million deposit, and interest rate of 7.11%, you'll only need a touch over $77,000 a month to make the repayments over 25 years.

    Feeling sick enough yet?
    Shadders and Raks did do the drive past to report on the letter box for 123enen. I remember it well from just after the EGM days.

    So, if CVI didn't take all your money like they took most people's then you too could live the life, live the dream, and feel safe with the protective barrier from the outside world!

    Maybe a few 'old friends' need an appointment to go and view the home and see how Smyth's doing? Is the dementia well advanced yet? Any house guests? Malcolm Johnson, Anton Tarkanyi, excelsior perhaps?

    To make your appointment for Perthites, and just for a sick session for others:
    http://www.domain.com.au/Property/For-Sale/House/WA/Mosman-Park/?adid=2008821829

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  26. tvp
    No answer from Arttse on that yet.......................
    Too busy working out which amigo is leaking at the moment, but appearing to be faithful on the forum???

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  27. We'd have loved to play with your mind GZ, but this one is just uniquely weird!

    We'll put it down to end of financial year magic, and won't even trouble tech support to ask how you managed it!

    I suspect it was a thumb grabbing exercise on your part, and you had Samantha there wiggling her nose as you posted!
    Hmmm. That's my best conspiracy theory for now!
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  28. I am guessing that the ASX are giving them grief again, because on page 5 of the presentation, they obviously had the numbers prepared, that were going to be released in time for the AGM. (Obviously again is my guess)

    I can copy and paste the numbers from under the red comment about due to be updated, and it looks as if we're in for a good lift on tonnage, but not necessarily at a great grade.
    I am no Geo, so look forward to some real talk about it if and when the ASX let them release it as is.

    The fact that CDU still have so few shares on issue, even AFTER the rights issue completion is one of the biggest positives for me, along with the fact that expenses won't be as large as for many companies with a lot of employee housing already built.

    Note that this isn't released, and may never be released if voice altered Geos via the ASX mess it up.
    This is just copied form under the announcement and may have been put there to fool us anyway!

    30.3mt @ 1.7% CuEq
    (0.8% cut-off) Measured and Indicated
    97.9mt @ 0.96% CuEq
    (0.4% cut-off) Measured and Indicated
    272.9mt @ 0.62% CuEq
    (0.2% cut-off) Measured & Indicated and inferred
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  29. I find that post rather repugnant and cynical cusox.
    Right now, imo it's a buy.

    What does that have to do with anything else?
    Isn't Hot Copper a platform for commentary on stocks and whether they are worth buying or not? If we didn't comment, there would be no Hot Copper

    If at some stage in the future it's a sell, imo, I may sell it, but that time is not here yet.
    Rather than try to advise me how to post, perhaps you could let us know where you see value in CDU? Do you wait for it to be proven and moving up again?

    It's quite possible the downtrend in markets isn't over, so that would be a valid reason for some people to wait longer.
    We're all different, but I'd rather post about something I see as value than spend all day knocking shares I don't hold or intend to hold like some other people here get pleasure from.

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  30. Shadow, that is bull dust, and you know it.
    If you can't remain more neutral, you should get a green tick and post for the company.
    You simply can't give a value on it without ALL the information.
    Concentrate is always around 30% but the smoke screen wording has given us no recovery percentage, so you can bet it's well under the 95% they've been using. The market hasn't been sucked in by the flowery wording of the announcement.
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  31. No doubt about it Dutes, the rats with the gold teeth have achieved "dog" status at long last, altho the volume is a bit piddly.

    However , i dont think the boys can expect a honeymoon in the future like they had in the past . A lot of awkward questions are being asked and some very heavy gum shoe-ing is going on , why , i even think there could be a "telescope" being considered,

    Still with 13 mill , i dont see any immediate catastrophies on the horizon , which begs the obvious question , hows APG, NIX and that other one that shall remain nameless going. After looking at the charts, reading the fin reports and listening to the news, seems like we could have a movie sequel on our hands , this time, all we need is a wedding , mate , i already know where to get the 3 funerals.

    Cheers

    OI NQ , how they hanging?

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  32. Announcement from ERM has made my day. :)

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  33. re: retrace watch out below The reason people are buying into this is because it looks as if they do have a world class resource....if that is the case this stock is very undervalued at current levels.
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  34. tvp
    Maybe this sheds some light on it ............................
    He was suspected of being Bendigo. Maybe the mods worked it out.

    Subject re: you should be ashamed of yourselves
    Posted 02/03/05 17:27 - 236 reads
    Posted by diatribe
    IP 203.51.xxx.xxx
    Post #529197 - in reply to msg. #529196 - splitview

    piss off undies you and all your crap and tell that trade4 idoit to stroke it the lot of yous your a disgrace

    Voluntary Disclosure: No Position Sentiment: None TOU violation






    Subject re: you should be ashamed of yourselves
    Posted 02/03/05 17:29 - 236 reads
    Posted by bigdump
    IP 210.49.xxx.xxx
    Post #529199 - in reply to msg. #529188 - splitview

    so who should be ashamed of themselves
    it squite ironic !
    Isn't talking to ones self a form of madness





    Voluntary Disclosure: No Position Sentiment: None TOU violation






    Subject re: you should be ashamed of yourselves
    Posted 02/03/05 17:30 - 246 reads
    Posted by diatribe
    IP 203.51.xxx.xxx
    Post #529201 - in reply to msg. #529199 - splitview

    fark u 2 fool ramper

    Voluntary Disclosure: No Position Sentiment: None TOU violation






    Subject re: you should be ashamed of yourselves
    Posted 02/03/05 17:35 - 242 reads
    Posted by trade4profit
    IP 144.139.xxx.xxx
    Post #529204 - in reply to msg. #529197 - splitview

    diatribe...

    Here are the posts you refer to "6 - 8 weeks ago"...

    ---

    Subject copper strike.. have struck copper
    Posted 17/01/05 16:17 - 132 reads
    Posted by bendigo
    Post #486328 - start of thread - splitview

    Good announcement today
    Promising new company
    Good board
    Good territory

    go the ASX website & check out the announcment.

    Cheers
    Bendigo

    ---

    Subject re: copper strike.. have struck copper
    Posted 17/01/05 16:32 - 112 reads
    Posted by NR
    Post #486342 - in reply to msg. #486328 - splitview

    all ready on them bendigo......awaiting further annonucements.......


    ---


    Subject re: copper strike.. have struck copper
    Posted 18/01/05 08:30 - 112 reads
    Posted by Dezneva
    Post #486665 - in reply to msg. #486328 - splitview

    Yep, I agree. I know the people as well. They have a whole heap of old TEC ground. Its a great hit. and I think they are continuing the drilling.

    ---


    These were the first 3 posts ever on CSE.

    Although Dezneva only posted "...I know the people as well...", I can see how you may have remebered that as "...the boss being a good bloke..."

    Problem is, it was Bendigo he was replying to and not you!

    How do you explain that?

    Cheers!

    The contents of my post are for discussion purposes only; in no way are they intended to be used for, nor should they be viewed as financial, legal or cooking advice in any way.

    Voluntary Disclosure: No Position Sentiment: None TOU violation






    Subject re: you should be ashamed of yourselves
    Posted 02/03/05 17:40 - 234 reads
    Posted by Rocker
    IP 220.253.xxx.xxx
    Post #529215 - in reply to msg. #529204 - splitview

    well picked up T4P


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  35. I get your drift joewolf.
    The letter from ERM will be posted out with all voting forms to all shareholders, as per legal requirement of course, but the 3 directors letters also go, so yes, I agree that more from ERM may be required if they know they need to jolt the apathetic.

    Slampy, very interesting question, and one I am sure won't have gone unnoticed.

    Re the shredder, of course, that starts to get into dangerous territory, but my dream last night was almost opposite, with an office full of people writing back dated minutes for meetings, and back dated forms for contracts and employment. It was a hectic dream, and I hope there's no reality in it at all.


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  36. I reckon you should all get a life personally!
    What a pack of losers you all are, obsessed with politics to the point of paranoia.
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  37. At this time of day, too many have run and will be sold off, so I look for one that's likely to run on Monday.

    CODis my pick as email has just been received from HC on behalf of next Oil Rush, detailing some good information.

    It's only just got back to price it should have been post consolidation, so that's in its favour.
    Very little to sell, I like that, as it will move quickly.

    Many won't have received the email yet as they're at work, etc.

    Read more here.

    http://www.nextoilrush.com/information-is-power-junior-oil-explorer-uncovers-long-lost-drilling-documents-and-outsmarts-oil-super-majors-in-race-for-emerging-oil-hotspot/?utm_source=HCMO

    Looks good for next week. Be prepared!
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  38. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
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  39. tvp
    re: it goes like this? Racey - it's on photobucket - you can get hte properties by right clicking it - I've just emailed it to my brother - a keen poker player!

    Salty - howsabout an email update please imo!!
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  40. What a fascinating thread reading back 3 months!

    Lots of reading today!
    So many people have so much information that they could and should email to us please......

    [email protected]

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  41. 10,220 Posts.
    lightbulb Created with Sketch. 783

    A price to pay for climatechange fantasy

    From left, China under Xi Jinping and Indonesia under Joko Widodo rely on coal-fired power for industry, the US under Joe Biden produced record crude oil last year, Anthony Albanese refuses to consider nuclear. Artwork: Emilia Tortorella

    · 12:00AM JUNE 15, 2024

    · 55 COMMENTS

    Peter Dutton and Ted O’Brien haven’t reignited the climate wars,as Anthony Albanese and Chris Bowen claim. The climate wars never went away andthey are being waged all over the world. It’s just that almost everything youhear about climate policy in the official and semi-official discussion inAustralia is basically misleading, if not outright wrong.

    Let’s take a step back and look at the big picture.

    The Kyoto Protocol was adopted, in the serene and beguilingJapanese city of that name, in 1997, 27 years ago. Kyoto itself built on the1992 UN Framework Convention on Climate Change. So for more than three decadesthe world has been decarbonising, right?

    We’ve had many solemn moments and announcements, especially the2015 Paris Agreement. Dutton says he would abandon Australia’s 2030 target toreduce greenhouse gas emissions by 43 per cent, but he’s committed tohonouring the Paris pledge to reach net-zero emissions by 2050. He wants to doit in part by building nuclear energy.

    In truth Australia, whether led by Albanese or Dutton, is avery, very minor player in all this, being responsible for a tick over 1 percent of global emissions. Every Labor leader since Kyoto, and quite a fewLiberal leaders, has told us the world is decarbonising. Deputy Prime MinisterRichard Marles, early in the life of the Albanese government, caused a rippleof concern by rejoicing in the fact that coal was being phased out globally.

    So after three decades of decarbonising, how is the world goingin phasing out fossil fuels, to wit, gas, oil and coal?

    Smoke billows from stacks at a coal fired power plant in Shanxi, China. Picture: Getty Images

    Let’s start with gas. Everyone except the Greens understandsthat gas is, at the very least, a critical transition technology.

    Much of the reduction in the carbon intensity of economies – thatis, the amount of greenhouse gases emitted per unit of production – has comefrom substituting gas for coal and oil.

    Nonetheless, after 30 years of relentless decarbonisation, you’dexpect a pretty severe drop in gas use. Actually, according to theInternational Energy Agency, consumption of natural gas is at or just near itsrecord high. The rate of growth of demand has slowed but demand is stillgrowing.

    Well, that’s a bit of a surprise. What about oil, that must bewell down, with fuel efficiency standards, the global campaign for electricvehicles, the decline of oil in power generation?

    Guess what. Last year, according to the US government’s EnergyInformation Administration, world use of oil was at a record high, higher thanthe peak before the Covid pandemic, at more than 100 million barrels a day. Notonly that, the US under pro-green Joe Biden produced more crude oil, more than13 million barrels a day, than any country has ever done.

    Oil production dipped in the global financial crisis of 2008 andagain during Covid. But it’s now roaring ahead, stronger than ever.

    But surely the US constantly lectures everyone else aboutclimate change, the dangers of fossil fuels etc. How is that consistent withrecord crude oil production? Bear that thought in mind, for it’s a clue to thewider reality.

    OK, so we’ve struck out in looking for global reductions in gasand oil, but obviously coal use must be well down. I have myself causedsomething near pandemonium by suggesting on the ABC’s Q+A and on Insiders thatcoal has a future as well as a past. It was as though a leading atheist hadinfiltrated the Spanish Inquisition. So now I must face the truth about coal.Surely its use has declined?

    But what do you know? According to the IEA: “Global coalconsumption reached an all-time high in 2022, and the world is heading towardsa new record in 2023.”

    A climate graph which mixes fact with prophesy.

    Advanced economies such as the US and the EU are using less coalbut, says the IEA, “the growth in China and India, as well as Indonesia,Vietnam and The Philippines, will more than offset these decreases on a globallevel”. And the price of coal, at $US140 a tonne, is very healthy.

    That’s a good thing because our top three export earners arecoal, iron ore and gas. We couldn’t afford any fancy green measures, orMedicare, or the National Disability Insurance Scheme, or anything else,without the minerals industry.

    According to the IEA, fossil fuels make up about 80 per cent ofglobal energy, just a tick under their level 10 years ago.

    So how has the world been reducing its greenhouse gas emissionsfor so long, with these fossil fuels all reaching record production andconsumption levels? Well, actually, the world hasn’t been reducing itsgreenhouse gas emissions.

    Oops again. Another surprise. According to the US NationalOceanic and Atmospheric Administration, greenhouse gas levels are rising again,and reached record levels last year. The IEA’s own figures, and studies fromStanford and other universities, confirm this.

    None of the foregoing bears on the question of what should behappening. But our debates ought to start with reality. What is happening inthe world is more or less the opposite of what the government and the climatechange propaganda agencies tell us is happening.

    How often have you heard any of the facts above in theAustralian climate debate? The debate is overwhelmingly dominated by people whoare so committed to the idea of Australia taking radical action that theyinsist on pretending radical action is being taken globally.

    The developed countries are reducing greenhouse gas emissions,but the developed countries are no longer the big story. China is the biggestgreenhouse gas emitter by far. It accounts for more than 29 per cent ofglobal emissions, more than the US and EU put together. The top 10 emittersare: China, the US, India, Russia, Brazil, Indonesia, Japan, Iran, Mexico andSaudi Arabia. Of those only two, the US and Japan, are rich, developedcountries. Almost none of the others has binding targets or any commitment towhen their emissions will even peak.

    Indonesia is a fascinating case. Like China, it has a goal ofnet zero by 2060. It has nearly 280 million people and is still a poor country.It has more than 250 operational coal-fired power plants. It has aninternational deal to retire some of them early. Well, that seems to beprogress, you might argue.

    Except that it also has an out clause that says plants that havealready been approved, or “captive” plants that don’t feed directly into thegrid but only power an industrial park or a specific project, or are concernedwith National Strategic Projects, can go ahead. There are 40 plants underconstruction and more in pre-approval.

    Recently, Indonesia has had huge success expanding its nickelproduction. In 2020, Jakarta banned the export of unrefined nickel. LikeAustralia, it has a lot of nickel. It didn’t want to dig it up and ship itoverseas. It wanted refining and processing to take place within Indonesia.

    This move defied every tenet of orthodox economics and wasalmost universally criticised by international commentators (including me). Yetas so often, reality doesn’t conform to the textbook.

    Indonesia’s move worked. It attracted Chinese partners who alsobought the product. Low-grade nickel is used to make steel. High-class nickelis used for very sexy products like lithium-ion batteries. A bit like ElizaDoolittle in My Fair Lady, low-class nickel can be transformed into high-classnickel with enough money. There are industrial processes that will do the trickbut they require enormous amounts of power. So Indonesia’s Chinesecollaborators built a swag of coal-fired power stations to provide the power towork the magic on the nickel.

    In 2017, Indonesia produced 385,000 tonnes of nickel. Last yearit produced 1.8 million tonnes. It’s murdering the Australian competition. TheAlbanese government talks a lot about Australia’s position with rare earths, ofwhich we have a lot in the ground, and how we’re going to become a renewableenergy superpower.

    By the way, almost every country in the world plans to be arenewable energy superpower (surely now one of the iconic cliches of our time),suggesting many, many of them will be sorely disappointed.

    The Indonesian policy has succeeded magnificently from its pointof view. Indonesia’s President, Joko Widodo, has genuine environmentalambitions. But he’s also determined to develop his nation. Similarly, anyonewith even the vaguest familiarity with Indonesian politics will know just howentrenched and powerful are coalmining and energy interests. Indonesia pays itspopulation fuel subsidies – the exact opposite of a carbon tax – and hastypically subsidised coal energy.

    But the deeper pattern and perversity of the industrial politicsof renewable energy revealed in the Indonesian nickel example occurs morebroadly across Asia, especially in China. The production and sale of windturbines is dominated by China. To make them so cheaply, China typically usescheap coal-fired power. Coal power is still mostly the cheapest power in theworld despite what the Albanese government tells you (more on that below).

    So the true carbon cost of even renewable energy ought to takeinto account the role of coal-fired power in making the renewable energyproducts. In any event, here’s the paradox of energy politics: to become arenewable energy superpower, you need lots and lots of cheap coal-fired power.

    China, India, Indonesia, Vietnam, The Philippines and in duecourse the poorer nations of Asia, and beyond that lots of African nations, areextremely unlikely to compromise their national development by embracing vastlymore expensive and unreliable renewable energy over coal, gas and the like.

    Two factors allow some modern, wealthy, industrial nations torun low emissions levels. One is a natural topography that lends itself tohydro-electric power. Hydro power is the only genuinely cost-competitiverenewable energy and still the most important renewable energy. The other isalready having a lot nuclear power.

    None of this, as I say, is to argue what Australian policyshould be. But the realities sketched here almost never figure in theAustralian debate. How come?

    Let me nominate one international factor and one specificallyAustralian factor.

    Accompanying this article is a graph from the IEA showing therise of the use of gas, oil and coal, measured in exajoules (one joule, ameasure of energy, to the power of 18; that is to say, lots of joules, onejoule being the equivalent of 107 ergs). The left side of the graph’s curve, upto the peak in 2022, which has been maintained in 2023, describes things thathave already happened. That part of the graph is indisputable fact.

    The right side of the graph shows a steep decline in the use ofcoal, oil and gas. But that’s purely speculative. That’s more or less taking anend point of declared policy, the Paris targets, and plotting a line that getsthere. But that’s the future, and government predictions of the future havenever been reliable. Indeed the Climate Tracker website describes Argentina,South Korea, Russia, Turkey, Canada, Mexico and Indonesia as “criticallyinsufficient” in meeting their greenhouse gas reduction targets, and Australia,China, Brazil, the EU and Britain as “highly insufficient”.

    The point about the graph is that huge amounts of climateliterature are presented this way. The average reporter, the average citizen,tends to see such graphs as one entity and unconsciously gives the authority ofthe left-hand side of the graph, which represents factual history, to theright-hand side of the graph, which represents Nostradamus-like prophecy.

    Within Australia, governments do this kind of thing very deliberatelyand with shockingly good effect. I’ve been following the national defencebudget pretty closely for some decades. I’ve never seen a defence budgetprojection, or capability projection, actually come true if it concerns anyperiod of the future longer than about six months. And defence is an area wherethe Australian government entirely controls what it spends. Australiangovernments can’t even predict what they themselves are going to do more thanfive minutes hence.

    Yet somehow we are supposed to believe government agencies canforecast exactly what’s going to happen in energy and climate years and years,even decades, ahead. Gimme a break.

    Thus the Albanese government has got great mileage from aClimate Change and Energy Department projection that Australia will reach a 42per cent reduction in greenhouse emissions by 2030, just 1 per cent shy of ourtarget of 43 per cent. Apparently the government now can predict thecourse of the Ukraine war, the effects of a possible Donald Trump victory inAmerica, greenhouse gas emissions caused perhaps by a sudden spike in migrationto Australia, and all the other manifold variables. You think?

    Predicting we’ll be just 1 per cent short is a sweet touch.Just try a little harder, Australia! Yet a UN committee examining the issuedoesn’t think even one G20 country will meet its target. The government ismiles behind in the rollout of renewables. Electric vehicle sales are a smallfraction of the forecast sales. But still we are, according to the magicforecast, just 1 per cent off target.

    This is the problem, though. Almost every piece of informationin this area is designed to produce a political effect. Disinterestedinformation is at a premium.

    When like is genuinely compared with like, coal is cheaper thanrenewables. Because with renewables you have to take account of the fact thatmost of the time they don’t operate so you need vast extra capacity, sometimesthere are wind droughts and long cloudy periods so you need vast back-upsystems of gas or coal or something else, the transmission infrastructure isenormous and the costs huge, and after 25 years or so you’ve got to throw awayall the renewable stuff and replace it.

    Almost everywhere that introduces vast renewable energy, apartfrom hydro, sees big electricity price rises. It might be that we still want tomake the change because of our commitment to lowering our greenhouse gasemissions. But we need to recognise the cost, otherwise there will certainly bea backlash and the policy may well be reversed in time.

    On the other hand, perhaps we should have some otherconversations as well. Almost everyone wants to make some contribution toreducing our greenhouse gas emissions. But given that whatever we do will haveno discernible impact on the global environment, we should think prettycarefully about the cost. Especially given that it’s not happening globally.

    Switching to renewables will make us poorer. They say the keypolicy dilemma for China is: will it grow rich before it grows poor?

    For us the question is: do we want to grow richer before we growpoorer? And how poor do we really want to be?


 
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