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06/02/19

23:58

Post #: 37356212
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Originally posted by bourbasted: ↑

I've got an old boss who taught me a very valuable lesson a long time ago. You can be righteous or you can be rich, but very rarely can you be both in any sustainable way.

The simple fact of the matter is no matter how much people want us to be there, the infrastructure in most modern countries simply can't be supported by alternative fuel sources. As pointed out, to do what you are claiming to be right would likely bankrupt our nation relatively quickly.

PF also points out, quite correctly, that electricity has to be produced. I can tell you as of last year, coal-fired energy costs ~$14-$15p/kw hr to produce. The same kilowatt hour to produce in a very efficient hydro station located in QLD costs ~$25p/kw hr. The average retail price for power in QLD is $27p/kw hr. In my experience the hydro-plant only gets used to produce in emergency situations, or to meet contractual obligations where oversold. If we move to hydro to produce electricity, the retail prices will double. Can you afford that? I can't.

I believe the transition will be gradual. Getting viable batteries with large storage capacity and then affordable for the average Joe, it will take time. I believe ADO is well placed to be on the cutting (if not bleeding) edge of the change. Taking time to crawl/walk/run will be a good thing for shareholders imho.

It's great to have a noble cause in fairy tales, but in real life they most often get you killed. This ain't Disney...

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So we dont believe the alternative is a problem?

Coal is cheap. We could develop technologies to do the carbon capture. Coal in that instance could power large industrial applications.

Oil will still produce plastics but an alternative for cars is a must. EV cars powered from solar and batteries in the home is the answer. PV cells will improve.

But we better get a move on because its downhill or underwater from here.

ADO Price at posting: 1.8¢ Sentiment: Buy Disclosure: Held
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Off-topic chat, page-33

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Off-topic chat, page-33

Top Stories

Zenith's sale of Develin Creek delivers $975K cash, with shares up 13%

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

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Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

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Buyers (Bids)

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