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.