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Yes I know, but the penny hasn't dropped with many.Renewables are currently more expensive than fossil fuels unless the government is involved.... That is one of the reasons China is kicking the rest of the worlds buttocks
China if it wanted to , can buy plenty of weapons grade uranium from Russia as it decommissions it's old nuclear missiles
previously Russia was selling it to the US , but as far as i know the deal has been can
Not true...There is low-level waste, transuranic waste and high level waste. Look at the Waste Isolation Pilot Plant in New Mexico, Nevada Test Site for low-level waste and also what was planned for high level waste at Yucca Mountain also in Nevada. Those were the three government run repositories for radioactive waste not including Department of Defense and Department of Energy facilities. There are also private disposal facilities in the US for low-level waste.All the nuclear waste ever produced could be stored on a footy field. It's one of the only forms of energy (maybe the only) where the waste is fully contained and does not get into the environment.
Finland have a good plan for storage that is a good model. Plenty of countries would have the right geological setting to copy this.
Perfect post to respond to:Yes I know, but the penny hasn't dropped with many.
However whether you or I like it, it is the trajectory the media has decided Australia will take, so whether it is sensible or logical is a mute point.
That is the thing with investing, you have to see where the herd is being taken by the nose and get there first.
Cheers.
I think we could easily see a continuing drop in iron ore prices as Evergrande unwinds and there is an immediate impact on the construction industry in China. The next question will be "what will be the real demand for steel in China and around the world "? In the end we still need steel and iron ore. It will come back to best value producers and marketing connections with buyers.
One of FMG's skills is directly dealing with Chinese steel mills to make iron ore mixes specifically for their needs. (It's possible other companies have similar relationships. )
It does come back to the dollars. At $100 a ton FMG is still very profitable. VC calculated earlier that selling ore at $60 a ton would yield 69c dividend per share. At $14 a share that is a 5% yield. Not brilliant but not shabby.
Dividends would be around $0.69 if Iron Ore averaged $60 for 12 months. post 3714
Yes I know, but the penny hasn't dropped with many.
However whether you or I like it, it is the trajectory the media has decided Australia will take, so whether it is sensible or logical is a mute point.
That is the thing with investing, you have to see where the herd is being taken by the nose and get there first.
Cheers.
The penny will never drop in China... If you haven't noticed they are quadrupling down on coal fired power plants... and laughing at the rest world who believe they can solve climate change... Climate change cannot be fixed as long as the rest of the world is willing to transfer their manufacturing to other countries...Yes I know, but the penny hasn't dropped with many.
However whether you or I like it, it is the trajectory the media has decided Australia will take, so whether it is sensible or logical is a mute point.
That is the thing with investing, you have to see where the herd is being taken by the nose and get there first.
Cheers.
So far as FMG is concerned though what matters is that there's a market for their hydrogen and iron ore and it's profitable.Climate change cannot be fixed as long as the rest of the world is willing to transfer their manufacturing to other countries...
thanksfully was done a week ago, FMG is really a canary in the mine, and in a way, a very useful oneMorning
Ready for some climatic action.
Buckle up your Superfunds.
hope you will be ok, stressful times on all subjectsIt isn't really rocket science, it has become a pizzing game, the U.K, U.S has decided China is going to become the major player.
The problem China has is it is dealing with a very wobbly over extended population, the difference between the lower class and the upper class, is 1,000,000 times worse than the U.S.
So the haves and the have nots are really becoming obvious, and why the crackdown on the mega rich, an interesting dynamic that could turn sour for China, if not controlled.
So now we are entering a phase where China wants to control its inputs, eg the price of production (raw materials), to do that they have to become less dependent on them, so we as investors have to make money from that. ?
The key to investing, is not to be emotional about it.
Most of my bad decisions, regarding investment, have been emotionally driven.
e.g bought 2,000 CSL at $27 and sold them not long after because I had to retire and thought I might need the cash, sold at $30.?
Have a plan based on the reason for buying the stock, stick to the plan, review the plan and only dump the plan when it turns to poo.
Which is what really good chartists do. lol
My rant for the month, stressful family issues.
Just a quick question @basilio , wouldn't that equation depend on how much ore you sold, as well as what price it is sold for?
Twiggy is actually quite a bit behind adani energy on this, but that doesn't mean his head isn't still well & truly in the game. ???
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