I share your sentiments Graham.An expensive lesson learned in...

I share your sentiments Graham.

An expensive lesson learned in the subject of sovereign risk. I have lost interest in any projects involving developing countries. I should have followed my intitial instincts and waited for the PPAs to be signed.

On reflection, the Molten deal non event was probably a strong signal that most of us missed - that 7months on, there would not be a PPA. It could very well be that they could foresee a long long road ahead.

Anyway, like William the sunk cost investment is still there- who knows what may happen.

My interest and enthusiasm is now on another renewable stock which has a PPA and should be producing electricity Q1, 2014.