Tend to agree with you Saltocan. The cost of power economics might be debatable but Government has put $13 mill on the table and PTR can't seem to find its $5 mill share. Have they lost focus, enthusiasm or interest, or have they become disillusioned with brokers telling them the market is disappointed with Australian geothermal's record? Do they have the management skills or even technically sound projects? Are their projects too long-term for the private sector?
PTR is not alone of course, all Australian geothermals have failed to varying degrees, and the only one I like is GDY with its fairly short-term conventional projects in markets with existing high tariffs. If they can find gas in Tasmania, quickly, PTR might survive but it is very sad they can't make geothermal work.
PTR Price at posting:
1.0¢ Sentiment: None Disclosure: Not Held
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