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A big Cheerio to the QLD Gov again. The impact of their red &...

  1. 4,245 Posts.
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    A big Cheerio to the QLD Gov again. The impact of their red & green tape....the politics of delay after review after review followed by further delays on a CSIRO patented process has almost come to fruition. They are dumb red necks who have destroyed an Aussie inspired clean energy process. The Chinese are shrewd and clever. They have been handed this little Aussie battler on a platter for sfa. Mr Lung will now acquire ‘unmarketabla share parcels’ any time now and most likely walk away never to return with all the company assets , fully owning the technology for The equivalent cost of a few packets of licorice all sorts. This will make him squllions as well as providing clean energy to his country. Oh well.....I guess doesn’t need cheap & clean energy....we have that base covered. To long time holders....we’re stuck between a rock & a hard place. No use purchasing shares to lower your break even price imo, this is only going to end up with the same result. Better luck with your future investments....stay away from sovereign risk (even if it is in your own bloody country) & stay away from any court procedures (another huge cash muncher that launches the old ‘appeal farce !’
 
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