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.
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Last
0.2¢ |
Change
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Mkt cap ! $1.608M |
Open | High | Low | Value | Volume |
0.1¢ | 0.2¢ | 0.1¢ | $919 | 546.1K |
Buyers (Bids)
No. | Vol. | Price($) |
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118 | 135312871 | 0.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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0.2¢ | 6387309 | 13 |
View Market Depth
No. | Vol. | Price($) |
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118 | 135312871 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.002 | 6387309 | 13 |
0.003 | 8968880 | 15 |
0.004 | 2055391 | 7 |
0.005 | 1200000 | 2 |
0.006 | 3269000 | 2 |
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