Polpak, I suspect it is the absence of foreseeable profit that may "killed the program" at Innamincka. GDY has been listed since 2002 and spent extraordinary amounts of shareholder and government money - but it hasn't earned a cent from operations. I think it desperately needs to move from being a teenager on the couch to an adult taxpayer. I hope the pacific projects will achieve this.
Unfortunately they don't seem to have found a way to monetize the public relations benefits from being the first to demonstrate sizeable geothermal power generation in Australia.
why not buy petratherm?, page-10
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