It's an interesting one - correct me if I'm wrong, I thought...

It's an interesting one - correct me if I'm wrong, I thought Origin and Woodside had the rights between them to buy all the carbon credits (50 percent each) from power GDY generates (up to 1300 GWh a year, which sounds a lot to me), and Origin had the right to buy up to 50 percent of the electricity. It doesn't rule out working with BHP or similar I guess but those sorts of things would surely have to be a consideration.

Beyond that, over the long haul it will interesting to see who pays how much for the transmission lines. I'd have thought a strong argument exists that the nature of the project is clearly in the public interest, and therefore the government would at least help along the way - particularly if the region became a hub for renewable energy and the link to the grid was used by several companies. There's plenty of sun and space out there, and a small population, so it's probably not a bad place for solar as well as geothermal.

In many ways I'm grateful that, as an individual, I have a chance to invest in company like GDY and help get it up and running. On the other I think it's madness that it has been left to individuals acting on the vagaries of the stockmarket to decide whether the project gets funded. I wasn't around for the Snowy scheme, but I doubt somehow if those building it had to worry whether a share price stayed above or below $1.50 as a batch of options came up for expiry.

Anyway, have a good day all,

zzzzzzD