I've followed this company for quite a while, in and out but sold out at a small loss recently. What I can't get over is the cash burn, absolutely horrendous. Other geos get by on 3m a year, GDY...42m? Or is it 65m? I'm not sure but it dwarfs all the others.
Its impossible to justify an investment in this over the volcanic geo's at the moment- EHR & HRL for example have less risk, way less cash burn and seem to be better managed. Their short term prospects are looking brilliant.
With apologies to GDY investors, I think the ASX companies with OS volcanic projects will return to Australia in 5 or 10 years and dominate the scene with their established cashflows, operational experience, partnerships and financing capabilities.
I still think geothermal will grow hugely to make up 10-20% of power in Australia by 2050, but I just can't see how GDY is the horse to back.
- Forums
- ASX - By Stock
- RNE
- trading halt..
trading halt.., page-18
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RNE (ASX) to my watchlist
|
|||||
Last
0.5¢ |
Change
0.001(12.5%) |
Mkt cap ! $3.267M |
Open | High | Low | Value | Volume |
0.5¢ | 0.5¢ | 0.5¢ | $924 | 191.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
28 | 10514441 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 4421312 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
28 | 10514441 | 0.004 |
19 | 7608024 | 0.003 |
7 | 3769586 | 0.002 |
5 | 10300004 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 4421312 | 8 |
0.006 | 3856161 | 7 |
0.007 | 894338 | 3 |
0.008 | 849165 | 4 |
0.009 | 709176 | 1 |
Last trade - 10.06am 25/07/2024 (20 minute delay) ? |
Featured News
RNE (ASX) Chart |
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online