RNE - ReNu Energy

[burglar]

Re: GDY - Geodynamics Limited

Courtesy of the taxpayer

as per ASX announcement. Alternatively, chew through shareholders funds and then get the Guvment to cough up. Always wonder in these situations whether if/when a private company makes a profit it pays back those moneys. Gotta luve capitalism .

It's what I call visible spending of Taxpayer Dollars.
Building a road tunnel that Taxpayers drive through,
when a rail tunnel would have a greater economic benefit.

They are buying votes.

 

[Smurf1976]

Re: GDY - Geodynamics Limited

New Zealand has been generating geothermal power for decades.

Indeed they have. But there's a big difference between a wet geothermal resource close to the surface in NZ (drill a hole and steam comes out) versus simply having some hot rocks 4km below the surface with no actual steam (have to put water down there, heat it then take it back out as steam).

Geothermal is like most natural resources. The "low hanging fruit" which is easy to get at and easy to use is relatively limited and poorly distributed geographically. In contrast, there's plenty of dry geothermal resources at great depths in many places - the question is how to put it to use.

Once they have steam out of the ground, then it's all very conventional power generation technology the same as found in any coal or nuclear power station (and some oil or gas fired plants).

 

[So_Cynical]

Re: GDY - Geodynamics Limited

New Zealand has been generating geothermal power for decades.

http://en.wikipedia.org/wiki/Geothermal_power_in_New_Zealand

Apples and Oranges...GDY does hot rock Geo, totally different.

--------------------------

Shame the Noalition will pull the plug on green energy.

How about we keep childish political comments in the politics thread. This adds no value to the discussions in share threads.

Seriously? no value? Govt funding will be severely reduced by the noaliotion if not totally withdrawn and that's not relevant to a green energy stock thread.

Political reality - statement of fact, Pull ya head in.

 

[Smurf1976]

Re: GDY - Geodynamics Limited

If an actual alternative government (one that has a reasonable chance of winning an election) has policies which differ from the present government and which impact a particular company or industry then I don't see anything wrong with discussing this point on a stock thread relating to that company.

A Coalition win at the next election could be considered a business risk for companies like GDY in much the same way as a drought is a business risk to agriculture and a drop in consumer spending is a business risk to a retailer. If you are investing long term then it is wise to at least be aware of the major risks to the business be they political or otherwise.

 

[Country Lad]

Re: GDY - Geodynamics Limited

If an actual alternative government (one that has a reasonable chance of winning an election) has policies which differ from the present government and which impact a particular company or industry then I don't see anything wrong with discussing this point on a stock thread relating to that company.

I agree. But to make a childish political comment in a share discussion thread which is patently wrong not only doesn't add value, it misleads people. Geothermal is supported under their direct action plan.

Cheers
Country Lad

 

[WRONG'UN]

Re: GDY - Geodynamics Limited

It's the only real potential game changer in terms of energy generation. Everything else is either scale limited (hydro), intermittent (wind) or is simply another fossil fuel (unconventional gas, underground coal gassification and so on).

Geothermal could actually provide firm, dispatchable power to the grid and is thus a "real" alternative to fossil fuels and nuclear.

My posting followed the above, and was meant to support the case that geothermal energy is a serious, viable alternative.

You guys are right, the Australian method is more complicated than in NZ, but that's just a technical difference in the harnessing method, not a fundamental difference in the energy form.

 

[So_Cynical]

Re: GDY - Geodynamics Limited

I agree. But to make a childish political comment in a share discussion thread which is patently wrong not only doesn't add value, it misleads people. Geothermal is supported under their direct action plan.

Cheers
Country Lad

Direct action is a scheme that raises no money and spends a hell of a lot less.

Our policy will cost $3.2 billion over 4 years, while the ETS costs $40.6 billion over the first four years.

Less money in = less money out to fund green energy development...and lets keep in mind the Howard Governments Kyoto back flip and the under funding of the AGO.

Real action on climate change and Broadband is something that is not in the Noalitions DNA, these guys are not big picture thinkers and as all can clearly see have been dragged kicking and screaming to their current policy positions.

 

[Country Lad]

Re: GDY - Geodynamics Limited

Pull ya head in.

I think I might just do that. I spent quite a few years away from this forum because there were too much garbage and it might just be time to do that again.

This is not a shares forum any more, it has turned into a silly biased, bigoted, partisan political point scoring waste of time from both sides, particularly when we start getting the rubbish like this posted in the shares threads.

 

[thirstcrusher]

Re: GDY - Geodynamics Limited

Whats happening with GDY? I made a silly newbie mistake buying these at 0.16 and they have back flipped to 0.10. Is there any potential here? What will it take to get the price climbing. I thought when I bought them when they finally built the pilot plant that one of the big companies will buy in and become partners. Not looking good. Wait and see I guess.

 

[ROE]

Re: GDY - Geodynamics Limited

Investment Fads, they dont works well in subdue market
Lot of hype green energy but they yet to prove if they can make good money out of the technology

they proved it sort of work, how are they going to generate shareholder wealth?
that the only guarantee long term survival and return...how much money you can make from that technology...?

dont worry too much, you learn over time, most people dont make good investment when they starting out...over time you should be able to sort out the good, the bad and the ugly....

 

[thirstcrusher]

Re: GDY - Geodynamics Limited

Investment Fads, they dont works well in subdue market
Lot of hype green energy but they yet to prove if they can make good money out of the technology

they proved it sort of work, how are they going to generate shareholder wealth?
that the only guarantee long term survival and return...how much money you can make from that technology...?

dont worry too much, you learn over time, most people dont make good investment when they starting out...over time you should be able to sort out the good, the bad and the ugly....

Totally agree with you 100%. I am now only to start to filter out the good the bad and the ugly. I have 5 so far but this one is putting me in the red badly otherwise i'd be green. I don't know I want to sell as soon as it hits 0.16 and move on but im not sure if that will even happen as ive been closely looking at this stock each day and the highest it reached was 0.13
Yes I jumped the band wagon when I seen a big buy for this company last week when they announced the pilot was up and running investment fad as you said. But I was being impatient and bought in like the doofus that I am? Just out curiousity are you on this band wagon with GDY as well?

 

[chops_a_must]

Re: GDY - Geodynamics Limited

Totally agree with you 100%. I am now only to start to filter out the good the bad and the ugly. I have 5 so far but this one is putting me in the red badly otherwise i'd be green. I don't know I want to sell as soon as it hits 0.16 and move on but im not sure if that will even happen as ive been closely looking at this stock each day and the highest it reached was 0.13

Time to read up on how to deal with losing trades.

And with that, plus this experience, you'll be the better for it.

 

[basilio]

Re: GDY - Geodynamics Limited

I believe it will take quite a long time for the market to factor in longer term value for GDY (and many other green technologies) .

Currently whenever there is a dollar on the table profits are taken. Ergo SP goes down. Also there have been many false starts in the past few years. There are questions about whether this is just another similar situation witha depressing ending.

The upside ? If in fact the company and the technology has turned the current prices are very juicy.
Best of luck

 

[ROE]

Re: GDY - Geodynamics Limited

I believe it will take quite a long time for the market to factor in longer term value for GDY (and many other green technologies) .

Currently whenever there is a dollar on the table profits are taken. Ergo SP goes down. Also there have been many false starts in the past few years. There are questions about whether this is just another similar situation witha depressing ending.

The upside ? If in fact the company and the technology has turned the current prices are very juicy.
Best of luck

The technology works but can you make a high rate of return from it is the investors job to figure it out...

Flying with air planes is possible since early 1900s and it change the way ordinary people travel and explore... can you generate high return from it? The answer to that is NO so it will always Be a bad investment in airlines

This applied to all new technology and business, just because something is good and useful it, it does not automatically make you money even if you are the first or last investor...

 

[So_Cynical]

Re: GDY - Geodynamics Limited

The technology works but can you make a high rate of return from it is the investors job to figure it out...

Flying with air planes is possible since early 1900s and it change the way ordinary people travel and explore... can you generate high return from it? The answer to that is NO so it will always Be a bad investment in airlines.

Except that air travel is discretionary and industry participants can be based overseas in a low cost environment, electric power is not discretionary and has to be generated reasonably close to where it is consumed..

 

[Smurf1976]

Re: GDY - Geodynamics Limited

Except that air travel is discretionary and industry participants can be based overseas in a low cost environment, electric power is not discretionary and has to be generated reasonably close to where it is consumed..

Electricity consumption is subject to the same forces to a significant extent.

The largest users, heavy industry, will go wherever electricity is cheap. That the former State Electricity Commissions built large, highly efficient (low cost) power stations is the only reason those industries are in Australia in the first place.

At the commercial (as distinct from industrial) level, the largest uses are:

1. Lighting (which is over done in many cases, and for which electricity consumption now competes against lower energy use / higher capital cost options such as LED). Electrical load is being lost from this area across the country.

2. Heating and cooling for which electricity competes directly against gas (yes, at the commercial scale you can certainly use gas for cooling). There are increasing instances of electrical load being diverted to gas, most notably via a larges scheme in Sydney covering a substantial area.

At the residential level, the largest user is water heating which competes directly against gas, and low-electricity options such as solar/electric and heat pumps. The other large residential use, in terms of total consumption, is heating which competes directly against natural gas, LPG, wood etc. And of course rooftop solar is also a competitor at the residential level, noting that in some markets (notably South Australia) market penetration of solar is now over 20%.

In the Australian context, the extreme situation is Tasmania where about 50% of total electricity use competes directly against overseas suppliers of electricity, 10% is to other trade exposed industries and 20% competes directly against gas / oil / wood. Only 20% of consumption is "safe" although even that now competes against residential solar and increasing energy efficiency of consumer devices, most notably commercial lighting.

It's not as extreme in the other states (although Qld and WA aren't overly dissimilar to Tas) but certainly there is a substantial portion of electrical load which can be relocated overseas should circumstances warrant.

Of note is that following major reform of the industry over the past two decades, Australia is no longer as competitive at electricity supply as it used to be. That is, costs have increased and we are no longer the 3rd cheapest as we used to be and are now quite some way down the list. The effect of that, thus far, has been first a cessation of the establishment of price sensitive industries in Australia and in more recent times some of that load has begun to actually move offshore. Notable in that sense is that the ultimate destination of relocation includes both developed and lesser developed countries - the motive to relocate is electricity cost, not wages which are a lower component of total business costs.

As for GDY, it is in the same position as every other electricity generation company in Australia. If it is to succeed, it will be by means of competing for an increasing share of a shrinking pie. At least it will unless it can significantly undercut the market, and do direct deals with large consumers who would otherwise be overseas (noting that two other generation companies are already going down this track).

 

[So_Cynical]

Re: GDY - Geodynamics Limited

As for GDY, it is in the same position as every other electricity generation company in Australia. If it is to succeed, it will be by means of competing for an increasing share of a shrinking pie. At least it will unless it can significantly undercut the market, and do direct deals with large consumers who would otherwise be overseas (noting that two other generation companies are already going down this track).

With one major difference, GDY is and into the future will produce baseload renewable energy, and that energy currently and into the future will also produce renewable energy offsets/credits that are and will be tradable.

Its a big point of difference.

 

[polpak]

Re: GDY - Geodynamics Limited

Current sentiment results from lack of production achieved from geothermal energy production in Australia.

Restating the potential capability of generate geothermal power, not helping. Investors not wish to see technical challenges significantly reducing chances for energy production.

Geothermal energy production needs be regarded as happening, with occasional challenges resolvable.


Geothermal energy needs be seen as established, not problems to be resolved.

Geothermal supporters need demonstrate self-interest, go do their bit to ensure Birdsville well known, widely discussed, as a geothermal energy producer, to remind others it is ongoing production in Australia - not just a remote potential possibility.


Self interest's stupidity shows when so little media reference to potential benefits (for geothermal) arising from suggestions to upgrade and expand geothermal power output from Birdsville.

This can flow on to support where challenges a bit higher.




Possible change of Australian government appears unlikely to support and improve goethermal energy generation in Australia, perhaps influenced ORG to reduce support so pressure GDY to start generation and prove geothermal technology is functional not theoretical.


IF do see GDY production from Innaminka then most geothermal permit holdings may achieve values which support further investment and development.

IF do not GDY succeed and produce stable consistent production at Innaminka then expect all geothermal permit holding values to reduce significantly.



A lot hanging on Innaminka and Birdsville.

 

[thirstcrusher]

Re: GDY - Geodynamics Limited

Anyone know why the sudden spike in GDY today? I was surprised to see it jump. Was going to sell at 14.5 and count my losses and move on but seems kind of suss how the sudden jump? Is this a hold?

 

[frankie_boy]

Re: GDY - Geodynamics Limited

Anyone know why the sudden spike in GDY today? I was surprised to see it jump. Was going to sell at 14.5 and count my losses and move on but seems kind of suss how the sudden jump? Is this a hold?

I am going to hold. I dont have a lot so not really worried what happens. But who knows where this could end up.