Griffin Mining Share Discussion Threads

[sageman] 24/4/2024 13:45

No one pays me any subsidy! I charge when electric is cheap (normally due to excess solar or wind production) and use my battery (my own electric) when the electric is expensive and needing substantial output from fossil fuels. Enlightened self interest where everyone wins. Nothing to be embarrassed about.

[rose_by_another_name] 24/4/2024 12:26

It is indeed. Too many people chasing that do-gooder
feeling and wrecking tried and true systems in pursuit
of the latest activist fad. What's needed is enlightened
self-interest.

[amt] 24/4/2024 12:21

Oh dear what a sad indictment of our society.

[rose_by_another_name] 24/4/2024 12:09

You are wrong about that, amt. It is just that some
people value the warm fuzziness of "altruism" more
than simple economic advantage. I view this as a
mental dysfunction, but there are many willing to
take advantage.

[amt] 24/4/2024 12:05

Yes Rose but as I pointed out thank goodness, not everyone is selfish.

[theapiarist] 24/4/2024 12:02

Yes, Rose. Air source make very little sense to many. Certainly to me living in a 18th century stone built house. I'll stick to gas until the SNP ban it.

The potential downside with ground source is that of producing a "permafrost" around the buried pipework thereby reducing the efficiency.

[rose_by_another_name] 24/4/2024 11:53

Ground source is certainly better if you have a suitable
property, but heat pumps are losing the practicality
battle in the marketplace, with the available subsidies
not being taken up.

[rose_by_another_name] 24/4/2024 11:48

Again you congratulate Sage for his green credentials
when he is sensibly acting in his own immediate interests.
It would embarrass me. I had solar panels on my previous
home, entirely selfishly. You paid for my subsidy through
your electricity bill.

[theapiarist] 24/4/2024 11:46

Wow! That innocent RNS seems to have sent a lot of hares running in different directions.

FWIW

Last year my step daughter and her husband set up an array of several hundred solar panels and two sizeable ground source heat pumps to warm their home.

Do they win the bragging rights in this debate?

[rose_by_another_name] 24/4/2024 11:44

Control of pollution does not require abandoning fossil
fuels, with the consequent environmental impact of the
huge required turnover in infrastructure. Environmental
activists have long campaigned against the one power
source that emits no particulates, nor CO2 either, to
our great disadvantage, nuclear. So I am not inclined
pay any attention to their latest fads.

In years to come we will learn that wind farms are slowing
the Earth's rotation by sapping coriolis forces, or some
such nonsense, as loonies with a little knowledge find a
new obsession.

[rose_by_another_name] 24/4/2024 11:35

"The device that can save you £800 a year on energy bills"

"Telegraph Money explains the benefits of a home battery –
and if it’s worth the cost"

[amt] 24/4/2024 11:32

Thanks Sageman for the update and good for you on a green initiative.

[amt] 24/4/2024 11:28

Did you ever consider you might be wrong Rose in which case the outcome would be disastrous. Even if the Climate change and Greenhouse gases turns out to have been a loony idea as you say I don't think anyone disputes the air pollution from particulates from fossil fuels is not good for us

[sageman] 24/4/2024 11:26

FWIW we would have needed a large solar array and our house is south facing. My wife would not have them on the house so we looked at putting them in the paddock. I analysed the data and the battery option in isolation when combined with Octopus agile was both green and made much better sense financially. I shopped around and got a Tesla battery.

[rose_by_another_name] 24/4/2024 11:20

Less than one twentieth of one percent of the atmosphere.
It is a wonder that plant life was able to cope. It is
improving for photosynthesis now, the true solar power
that has sustained all life for millions of years.

And yes, activists with no understanding have been
demonising CO2 as a poison. The loony fringe maybe, but
it is all a bit loony.

[amt] 24/4/2024 11:14

"CO2 is being demonised as a poison, when all life on Earth
depends on it"
What a ridiculous statement Rose, it that shows a lack of understanding of the likely Greenhouse effect. Of course we need CO2 but not an excessive amount.

[rose_by_another_name] 24/4/2024 11:05

Whoop, another uptick in the chart.

[rose_by_another_name] 24/4/2024 11:05

Future generations will have to deal with the legacy of waste
from all the rushed green energy infrastructure, which will
make no impact on climate anyway, as the CO2 panic is bogus.
CO2 is being demonised as a poison, when all life on Earth
depends on it.

I see your bias in the "good for you" comment to Sage- Why are
you congratulating him on a decision he has clearly taken to
benefit himself economically? It's a good decision, but hardly
altruism.

[jppp] 24/4/2024 11:04

I'd hold off on solar panels for a short while - they will get a lot cheaper - the chinese have made far too many and will have to dump them, is my guess. FWIW

[amt] 24/4/2024 10:57

Fortunately Rose some people also take into account the benefits to future generations aswell as the economics. If everyone held back then there would be no economies of scale or technological developments.
So I back the GFM with their Green initiative based on a sensible and logical analysis.

[rose_by_another_name] 24/4/2024 10:54

I am happy to wait for panels/batteries to improve to where
they make more sense, but of course in a "few years" they will
be saying the same thing about coming improvements. You can't
buy it now. The promise is reason to wait, not buy.

[zooman] 24/4/2024 10:46

Sage I totally agree with you. Why have a beautiful house and cover the roof with panels. I also agree with the comments about Octopus along with the four years return which is a very good return..Zoo

[katsy] 24/4/2024 10:44

From todays RNS

"Once completed, the Caijiaying Mine will have 18.6MW of renewable electrical capacity at peak generation which exceeds the current 18.1MW peak usage."

People need to understand what Peak means, when talking about renewables.

For Solar Panels this means, when the sun is shinning for 24/7/365, with no clouds on the equator. So Solar panels at best operate around 30% of the peak value.

For wind turbines, it means that the turbine is operating at optimal speed 24/7/365. Most wind turbines operate at around 40% of peak.

Also I doubt that their mining fleet, you know those mega tonne diggers are electric. This is all non zero carbon nonsense.

What we want to know is what is happening with Zone II. It's been ages since we've had any indication of this zone.

[rose_by_another_name] 24/4/2024 10:42

Looking for other forums to disrupt, zoo?

[amt] 24/4/2024 10:41

I think you will find that Solar Panels where practical are very cost effective Rose. I have no idea why Sage didn't go down that route. Sounds like the look of the panels but a little research will show you that provided you have the cash they will pay for themselves in less than twelve years.
That will come down a lot in the next few years as panels get more efficient and batteries improve.