Well, I noticed that too. But I'm not familiar with this kind of thing, at all. I can imagine such projects being, well, seperately funded? By big investments, rather than small stock?
Well, I noticed that too. But I'm not familiar with this kind of thing, at all. I can imagine such projects being, well, seperately funded? By big investments, rather than small stock?
I saw an article implying they had gotten some financing, but only to the tune of $30 million (IIRC) or so. Don't know how in the hell they plan to build a 200 MW power plant from that. Their previous attempt in Australia fell flat. Let's just say there are far better investments out there.
Flixy- Yes. But the low market cap just suggests this company hasn't actually done much. It would be one thing if this was a totally private venture. But the fact that has taken the trouble to go public without having done anything is sort of sketchy.
Usually companies build a business with private investment/lending. Then they go public to reward early investors or raise more capital. This company is already public for reasons I can't figure out. Seems like a very bad investment unfortunately.
That pretty much confirms what I thought. Possibly they were hoping to bring a design that is actually good to electricity companies, and have them make the investment (as is common in power plants, though usually they commission the design themselves).Quote:
Originally Posted by Dreadnaught
Still, neat idea, but I do doubt how far beyond a dream it is.