Comments on this forum should never be taken as investment advice.
|
|
Thread Tools | Display Modes |
#1
|
|||
|
|||
Petratherm get @x Mkt Cap Govt. Grant
Renewables get $A235M from government
Friday, 6 November 2009 THE federal government has handed out $A235 million to four commercial-scale renewable energy projects, including two hot rocks projects, from its Renewable Energy Demonstration Program. Geodynamics received $90 million for its plan to develop a 25-megawatt geothermal power plant in the Cooper Basin in late 2013 while fellow geothermal player Petratherm received $62.762 million for its 30MW Paralana project next to the Beverley uranium mine in South Australia. Interesting Petratherm's cash position (~$78M) is now so high relative to their market cap ($42m). I don't think the market has fully comprehended what has just happened. Full story at www. miningnews.net
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. |
Tags |
gdy, grants, petratherm, ptr |
|
|