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Old 06-10-2010, 01:19 AM
Sparty Sparty is offline
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Default Australian Geothermal shares have taken a beating

Over the last 12/12 months the Australian Geothermal ASX listed companies market caps have declined by an average of 43% across the nine listed companies.

Geodynamics the segments market leader by capitalization (if not deed) enterprise value is now $25M down from $109m 12 months ago, only marginally above PAX at $18M and PTR at $17M.

Over the last 12 months PAX is down from a market cap of $31m to $18m with a 31% fall over the last month. Petratherm ASX: PTR Australia's most advanced geothermal operator having dropped from $18m to $17m over the last 12 months has had the lowest decline in value of the companies with market caps above $10m.

PTR's relative out-performance reflects the companies performance and future prospects in my opinion. And will be the first to have a positive revenue stream from a commercial Hot Rock Energy project.

Many in the industry blame the Rudd govt's lack of committeemen to the ETS, Carbon Reduction and slow payment of already awarded grants.
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Old 01-09-2011, 01:23 AM
Sparty Sparty is offline
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Default The Geodynamics effect?

I wonder if ASX: GDY hadn't been such a disaster prone company if the geothermal sector would be looking a lot brighter?

I had such high hopes for several of them... and am now mostly out of the sector as each time GDY stuffed something up the sector fell away and somehow GDY still gets funding above their merits and unless PTR get into production soon I think we may be in for a long wait....

http://www.hotrockenergy.com/geothermal-stocks.html
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