Member Info for norrab1

There will be no CFPP so it's a non- sequitur..

Thank you Harry Aerial for once again corroborating my assertion.
You're correct, Tzn sources only 9% of its electricity production from coal.
This, together with the astronomical spot price of coal strengthens the argument to utilise other energy sources which are far much cheaper.
Hence the fall in SP by circa 1500% since January 2017.
Coal is dead and you know it Pal.
"Inking" reports are not contracts! Lol

Today, renewables are the cheapest source of power,” said IRENA’s Director-General Francesco La Camera. “Renewables present countries tied to coal with an economically attractive phase-out agenda that ensures they meet growing energy demand, while saving costs, adding jobs, boosting growth and meeting climate ambition. I am encouraged that more and more countries opt to power their economies with renewables and follow IRENA’s pathway to reach net zero emissions by 2050.

No probs VP , still quite a substantial stake!

Get your maths right VP,
He (wb) actually owns 0.0868% of Ocado.
There's ramping and there's Ramping!

Thank you Harry for corroborating my earlier post, and enlightening everyone to the fact only 112 of the 281 Indian plants are at full capacity. Thanks again Old Bean glad you're seeing the truth at last.
Hi Bigeye! AML doing well again..

COAL IS DEAD IN INDIA
According Mr Dahiya, the virus has revealed the fact that much of the Indian coal industry is already effectively bankrupt.

"Our coal-based power plants are operating at less than 60% of capacity", he told me. "They can't pay back the money they have been lent."

No surprise then that international investors are fleeing the sector.

Lol pmsl, he's been doing for years dawto, even on bank holidays! Lol
Sad......

I can see this breaking £36 in 2022..

Exactly SOS .
Good to see someone with objectivity on here.
There really is no interest in coal anymore, it's a dirty expensive, deadly form of power generation.
Hence the plunging share price.

Indeed!
Every dollar increase in spot price of coal makes renewable energy generation more financially viable
glad you finally grasped it!
Basiic arithmetic really!!!
Hence the plunging share price, the big boys know this.
Yet the lemmings maintain their delusion.

Abu Dhabi, United Arab Emirates, June 22, 2021 – The share of renewable energy that achieved lower costs than the most competitive fossil fuel option doubled in 2020, a new report by the International Renewable Energy Agency (IRENA) shows. 162 gigawatts (GW) or 62 per cent of total renewable power generation added last year had lower costs than the cheapest new fossil fuel option.
(Hopefully the clown that keeps posting the spot price of coal reads this)

I'm in the relief camp too...but will hold my remaining holding for now, still a 17% margin to the nav of 9.6p
Atb

He didn't misunderstand you sos, he knows full and well that this is a dead duck! Just like his acolyte Harry.
Sadly the cognitive dissonance plays out with total denial.
What a waste of a decade as the Bod takes you all for mugs, Rinse, diluting, and repeating and the lemmings keep forking out constantly. Shame!

I've just read a brilliant fantasy novel:
"The delusions of Harry" an allegory paralleling "The Cognitive Dissonant Ones"
Published in January 2017 ! Lol

Within nine years, virtually every coal plant in the world will be uneconomic, producing power more expensive than what could be generated by new renewables. (And Carbon Tracker doesn’t even take into account the enormous costs of decommissioning and cleaning up after dead coal plants.)

Should keep rising, buy > sell ratio 2.3/1

Great news!!

Sunday, it has been a honour discussing with you on this bb over the many years.
Your contributions have been invaluable to many, you have always been a " straight shooter" and for that I have always admired you.
Hopefully our paths will cross again perhaps on another common investment. You will be missed, good luck with all your investments.
Your fellow investor and friend,
Norrab

Tanzania has a large untapped renewable energy potential. Of the country’s total generation capacity, close to 80% of Tanzania electricity comes from renewable energy, with natural gas contributing 892.72MW and Hydro electric power 573.70MW of the total 1,601.84 megawatts, as of April 2020
Facts are Facts, Masked men! Lol