RE: Kyoto, RailPower and the Perfect Storm Hi Sunfund & 1r7. Let me respond to Sunfund first. Yes, I was on the GLE thread. What I would say about GLE is that many of us, especially myself, erred in thinking that its technology was much closer to commercializaiton than it has turned out to be. Of course, FCEL bought GLE and then sold it off to another similar company, taking back a substanial whack of shares in that latter company. So in effect, I continue to have an interest in GLE under the FCEL banner and actually continue to believe that in the medium to long term it will pay off.
As to RailPower, its a very different story indeed. Its share price has been softening and it is not too far off the share price of shares offered in the most recent financing - $5.20. Given that financings in which institutions participate, - especially substanial financings, RailPower raised $46 M -, are done at a discount to market, unless there is something suddenly and drastically wrong, it seems to me that the current price is attractive. And I don't think anything is wrong. The number of shares traded today, while not tiny for RailPower, was also not a lot for this stock. Many of the non-resource small caps got whacked today and I suspect that this is all that is happening to RailPower.
RailPower really is a different story than the GLE story because its technology not only has been developed but it works and this has resulted in impressive initial commercial orders from a variety of respectable customers, including a Tier I railway. RailPower's technology is very similar to the enormously successful technology that is found in hybrid motor vehicles like the Prius but according to the Chief Engineer of RailPower, hybrid technology works even better in the Railway application than it does in cars.
Anyway, I continue to be very optomistic about this investment for all the reasons which I set out in my last post. The drop in the share price over the last few days could be turned around in a single day with an announcement of another or other Tier I railway purchase orders and analysts have suggested this should happen.
As to Ir7, you are correct in suggesting that Kyoto isn't the highest priority of Canadian Government, that it may not have been advisable to sign the treaty in the first place and that it is or may become so onerous that Canada may not be able to meet its obligations. But it is being taken seriously and substantial monies will flow into the alternative energy sectors as a result.