the story is green the current sp is lean

Underground coal gasification is an interesting story ... I am aware of LNC and MEE as other ASX companies into the same thing, with LNC being further down the track, albeit a different track.

I do hold a parcel of PCE accumulated at 2.8c, 2.1c and 2.2c since late last yr. The volume appears to be picking up to a consistent 400k to 700k a day over the past week and a half (150mill on issue I think) within a pretty tight price range.

My view is that Dr Len Walker (ex LNC) came on board recently with the intention of doing something worthwhile ... a few snippets have been released ... nothing substantial has been achieved ... its early days tho.

Whether or not this venture is ultimately successful doesnt really matter imo as I feel that, from current price levels, the PCE sp will be very responsive to any positive news. I am in because I like green energy, turnaround stories and a good punt ... at current prices I would feel it is a relatively low risk punt with great upside potential.


Cheers
Poyndexter

PS none of the sentiment options quite fit ... the post explains my sentiment