Sparty
06-10-2010, 01:19 AM
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 (http://www.australian-shares.com/mining/GDY) 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 (http://www.australian-shares.com/mining/PAX) is down from a market cap of $31m to $18m with a 31% fall over the last month. Petratherm ASX: PTR (http://www.australian-shares.com/mining/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 (http://www.hotrockenergy.com) 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.
Geodynamics (http://www.australian-shares.com/mining/GDY) 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 (http://www.australian-shares.com/mining/PAX) is down from a market cap of $31m to $18m with a 31% fall over the last month. Petratherm ASX: PTR (http://www.australian-shares.com/mining/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 (http://www.hotrockenergy.com) 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.