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Old 06-10-2010, 01:19 AM
Sparty Sparty is offline
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Join Date: Mar 2009
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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.

 

Disclaimer: The author of this post, may or may not be a shareholder of any of the companies mentioned in this column. No company mentioned has sponsored or paid for this content. Comments on this forum should never be taken as investment advice.

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