I'm not sure how much you know about GGL, but if you are not very familiar with them, I would encourage you to read:
http://www.globalgeothermal.com/
GGL has the advantage of inhouse engineering capacity and most importantly operational experience.
Introductory info:
"About Us Global Geothermal is majority owned by Wasabi Energy Ltd (ASX – WAS) and was formed in 2007 to consolidate the various worldwide entities licensed to deploy the power generation technology known as the Kalina Cycle®. As a result GGL owns and controls the Kalina Cycle® rights and the over 200 international patents associated with the proprietary technology.
Although the Kalina Cycle®’s general principals are simple and well understood, design and construction of a successful project requires an advanced process across a range of disciplines, including chemical, mechanical and mathematical.
Recurrent Engineering is the engineering and development core of GGL, providing the technical expertise to successfully leverage the Kalina Cycle® for optimized results in energy conversion system designs."
Now that GGL holds all the IP to Kalina, I expect they will attempt to build a vertically integrated heat to energy conversion business, ala, Ormat. I expect in the next 12months we will be looking at a full service EPC provider.
With TW having resigned, and Burke (chairman) having forked out $300k recently to top-up, I expect WAS will divest RUM, AG and be a shell for GGL and depending on commercial progress (technical progress has been achieved already), we will be looking at a marketcap in the ~ $200m range, yes a 10-bagger. POTENTIALLY.
DYOR. I did ;-)
WAS Price at posting:
2.3¢ Sentiment: LT Buy Disclosure: Held