A buzz sector right now, and the Feds giving cash to five enterprises.

Only one per state, and the Federal electorate to be included in the submission.

have tried to get set in this sector for years.
the fundementals suggest that in a post carbon,nuclear banned australia hot rocks are good for baseload power,not random power.a lot going for them.

investing in hot rock companies, with a buy and hold,long term strategy, has been a wealth destroying choice for most holders.

still,as it will be a cash burning sector for years yet,a minor stake in a basket of hot rock minnows could see cap raising opportunities on a regular basis........

CVC Sustainable Investments have a fund that seems to include most of the 'stories' in this neck of the investment woods (the put your money in for 7-10 yrs and hope to see it again jungle)
They have listed and unlisted start-ups and semi-mature positions, & not afraid to sell
Wind Corp (WCA)
Pro-Pac (PPG)
Biodiesel Producers(BPL)
EGL
HydroChile
Dolomatrix (DMX)
Carbon Conscious (CCF)

Sold Geodynamics (& Plantic and AJLucas) because they couldn't see it working.

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and you have to realise with some of these pointy end of the capitalist world situations, shareholder returns often feature low down. Options, early management and director trading in and out, locking in the govt subsidy and hiding inefficiencies behind such injections, - such things tend to be unhelpful for the investor.

geodynamics gdy

hot rocks limited hrl

green rock grk

kuth ken

petratherm ptr

torrens tey

wasabi was

greenearth ger

this is a rough list of hot rock gamble chips. anyone got any others,feel free to add. capital hungry sector,so my idea is to maybe scalp a few through a cap raise. buying the actual shares for an investment is sorta like the biotech sector,only biotechs can fly for a bit. the value here is long term. 5 years ago when geodynamics was the only chip the talk was that it would be a lot further advanced by 2010 than it looks like being, and gdy is well run, has a good project and deep pockets backers.look through old gdy drilling announcements for the full fun and games possible when riding this thrillcoaster.

i like hot rocks,just hate losing money buying shares in companies in the sector.

HB,
You can add Geothermal Resources Ltd GHT to the list. GHT have Havilah on board. Operating on Frome Project. Worth a look.
Cheers
Suzy

thanks suzy, i had forgotten about the havilah/geothermal connection. once again a good project,and i will have to check their last quarterlies to see how progress is going.

Southern Gold, SAU is playing this sector by applying for leases over just about anything that wasn't already taken.

Not for me, but watching with some interest.

Petratherm has been getting quite a lot of media attention , and is angling to power the AGS/Quasar U mine.

It is also in Spain, but I'm not up with their news there.

Seems these companies have had problems with their drilling, because of the depths involved.

hot rocks? very very very high capex startup/development. positive cashflow many years away from drilling the first hole. Upside potential is significant IF IF it can work. Surely many capital raisings along the way to dilute you. Why not just but a lotto ticket instead? Probably got the same risk:reward ratio but you only have to wait a few days to find out if you're going to make your bonanza rather than 10 years.

panax geothermal pax -- i forgot those,they have just completed a raising.

geodynamics gdy today announced the results of the investigation of what went wrong with the 2 deep and expensive habenaro drills. interesting...and insured.

GDY report - an interesting litany for sure.

What worries me is the 'easy solution to the world's CO2' crowd think this is going to be cheap and achievable.

Bland assumptions - put cold water down , get the nice hot rocks to heat it up, take steam up other drill hole and, there you go, cheap clean energy.

Glossing over the physics (steam, temperature gradients), engineering (what are they going to drill with - ceramic pipes?), the chemistry (oh, you mean ground water isn't always pH neutral and host rocks inert? Hydrogen embrittlement, gases embedded in reservoir fluids ) and the economics (nice to have insurance; sure does blow out a non-income producing start-up's balance sheet), but all of that can be solved and, at vast taxpayer subsidy/ injection, Innamincka can then have endless power. Some time.