RNE - ReNu Energy

[Hawkeye]

Re: GDY - Geodynamics Limited

Probably has been one of the surprise packets so far in 2009 - has kept going up on not that much news. Easily the best positioned of the geothermal companies that have sprung up - yet the others are not performing nearly as well as GDY whose only news is to announce they're moving closer to their 'Proof of concept' Cooper Basin project completion even with some delays expected.
$1.35 today...those that got in or bought more when this one was half that in early November would be very happy.

 

[orr]

Re: GDY - Geodynamics Limited

The February 09 options(gdyoa) for this stock have made a little rally ( big percentage , tiny $ value) in the last day or so but for these options to worth anything, the stock has to be worth over $2 before the end of February. Today a dollar thirty odd.... spill over enthusiasm from the jump in the stock price?

 

[Smurf1976]

Re: GDY - Geodynamics Limited

well, this is a new company/technology. Do new companies/technologies get investment when the world is in a financial crisis?

Several examples of that happening historically.

Victoria's brown coal industry was planned during, and built immediately after, WW1.

For the Snowy it was immediately after WW2.

Hydro-industrialisation as the dominant economic policy in Tasmania until the 1980's was a direct response to the Great Depression.

Leigh Creek coal (SA) also came to be a viable industry following a crisis.

 

[Naked shorts]

Re: GDY - Geodynamics Limited

Several examples of that happening historically.

Victoria's brown coal industry was planned during, and built immediately after, WW1.

For the Snowy it was immediately after WW2.

Hydro-industrialisation as the dominant economic policy in Tasmania until the 1980's was a direct response to the Great Depression.

Leigh Creek coal (SA) also came to be a viable industry following a crisis.

They have done surprisingly well considering how bad everything is falling around them. Defiantly a good sign of investor confidence in the company. I wouldn't buy yet as I do expect the economic situation to worsen and I expect more people to go bankrupt and do things like selling their stocks to make up for losses elsewhere.

I could be wrong however and GDY could goto $30 tomorrow. You never know

 

[Lachlan6]

Re: GDY - Geodynamics Limited

GDY certainly looks like one of the only bright spots on the market radar screen currently. Longer term it could be shaping up in a huge triangle formation with some positive connotations. Shorter term it certainly looks impulsive and looking like it will unfold in five waves. I would prefer a shorter term trade by awaiting the formation of a fourth wave triangle before getting set. Otherwise a move back towards the 2006 and 2008 lows depending on how the stock moves from here may be an excellent longer term way to get set. An environmentally sound stock from what I here so added incentive to get in for me.

 

[travwj]

Re: GDY - Geodynamics Limited

Some news out today...not really that good. Savina 1 drill hole has been plugged after getting the drill bits stuck down the well. Geodynamics are now weighing up there options whether to drill a side kick off of this well. Or move the rig and drill a new well in a new location.

The flow loop test is completed ( about time ) and the results are now being analysed by Geothermex ( i think ) an american company and we should know the results by the end of march.

Lets see what happens with the share price now and hopefully proof of concept is achieved and this company can really start moving forward.

Trav

 

[smallfry]

Re: GDY - Geodynamics Limited

This type of drilling is really pushing the envelope. The bit was into granites around 2.5 km underground and hit the overpressurised brine. Whilst the drill problems are dissapointing, it's great that there are already fractured granites permiated with superheated water, ie: a proven resource.

The more they do this the better they'll get as they learn to overcome the technical problems associated with very deep drilling.

Long term hold always been the plan on this one for me.

 

[andrew08]

Re: GDY - Geodynamics Limited

Proof of Concept has been completed

http://imagesignal.comsec.com.au/asxdata/20090331/pdf/00940646.pdf

 

[kingbrown]

Re: GDY - Geodynamics Limited

good work guys great to see proof of concept

Have owned a few geo's in the past but jumped out some time ago as they appeared a bit too speccy for what was coming

Was only thinking on PTR only the other day which lets be honest has no turnover

Hopefully GDY gets the attention it deserves
A few ABC news reports about too

Still on the fence and currently do not own any Geothermal stocks may jump back in sometime soon

Good luck !

 

[phong_01]

Re: GDY - Geodynamics Limited

An article from AIR which I thought they are talking about GDY fyi:

How "Hot Rocks" Could Make You Rich
In certain parts of the world, if you drill to 3-5km below the surface of the Earth, you'll find a layer of granite at 250 degrees Celsius. Just one cubic kilometre of this super-hot granite has as much energy in it as 40 million barrels of oil!
Australia has a lot of this hot granite. And one smart little home-grown firm - your 5th and final punt - has a PROVEN technology that can turn the heat stored in that hot granite into clean electric power!
This technology - dubbed "geothermal" power - is still its infancy. You may not have heard of it; there are only 5 main Aussie players - but it's set to be huge in 2009 and beyond! The one I've picked for you is comfortably the market leader: its market cap is just under half that of the entire sector!
This company's tenements are estimated to hold the equivalent of 50 billion barrels of oil. Not bad, considering Australia's current total oil reserves are only 2.9 billion barrels! That means this company is looking at a very bright future indeed... one that YOU could have a stake in for just $1.08 a share!
According to The Times in London, its output should eventually reach 10,000 megawatts - the equivalent of 10 to 15 coal-fired power stations. (For the sake of comparison, Australia's largest retail energy company, AGL Energy, has a capacity of just 3,600 megawatts!) The Times says: "The potential of "hot rocks" has inspired 11 listed companies to launch exploration projects in South Australia. Though, with drilling rigs and labour in short supply, only [this firm] has put holes in the desert."
A spokesman for the firm says that the company could deliver a QUARTER of Australia's generating capacity. "The total geothermal power production of the world at the moment is about 9,000 megawatts. We can possibly produce 9,000 megawatts just from this area."
So in other words, this company's tenements could potentially double the total world geothermal output!

 

[kingbrown]

Re: GDY - Geodynamics Limited

Not today guys

Wow the stock got wacked 34% down !!!

Re AGE today
http://business.theage.com.au/business/blast-rocks-geodynamics-stocks-20090427-ajvy.html

Blast rocks Geodynamics stocksApril 27, 2009 - 11:18AM
Geodynamics, an Australian company seeking to produce power from hot underground rocks, dropped by a record in Sydney trading after a blast at the Habanero-3 well at its project in South Australia.

Brisbane-based Geodynamics fell as much as 41.5 Australian cents, or 34%, to 81 cents and was at $1.02 in recent trade in Sydney. The move compared with a gain of as much as 1.7% in the exchange's benchmark index.

Water and steam are flowing from the well site near Innamincka after an incident at 8:30 p.m., local time, on April 24, Geodynamics said in a statement sent today to the Australian stock exchange.



Do not Hold GDY

 

[Hawkeye]

Re: GDY - Geodynamics Limited

No really sure why the punters paniced with this one...I would have thought if you hold GDY - as I do - it's a long term hold, full in the knowledge that it's a spec, but if you've done your research has tremendous potential if given the opportunity.

Still - just shows how one incident translates into more delays and really gives a good indication on just how many punters were prepared to jump ship and take what probably have been small gains.

Happily - I bought in below the level it's in now - but still firmly believe anything around the $1 mark is excellent buying if you're keen on Geothermal as it's GDY, distance, more distance, then others in this market.

 

[smallfry]

Re: GDY - Geodynamics Limited

It's a cutting edge industry and bound to have setbacks. Well blowout's are fairly common in the oil industry and whilst a problem, are able to be managed/fixed or simply seal the well and bore another.

I'd like an update from GDY now though, it's a week down the line, I'd like to hear what the trouble is.

And yes, it's a spec stock so should be for the long term hold, certainly as far as I am concerned.

 

[DowJones]

Re: GDY - Geodynamics Limited

No really sure why the punters paniced with this one...I would have thought if you hold GDY - as I do - it's a long term hold, full in the knowledge that it's a spec, but if you've done your research has tremendous potential if given the opportunity.

Still - just shows how one incident translates into more delays and really gives a good indication on just how many punters were prepared to jump ship and take what probably have been small gains.

Happily - I bought in below the level it's in now - but still firmly believe anything around the $1 mark is excellent buying if you're keen on Geothermal as it's GDY, distance, more distance, then others in this market.

I bought some of this stock off a broker recommendation as they have a proven technology in renewable energy. I like their vision and the Indian conglomerate Tata has a big stake in it (I read somewhere they got in at $1.50 per share)

Got some yesterday at 93.5 cents after some bad news but should have got in today amongst the carnage

Does anyone have extra resources on the company besides the outdated ones on the website?

 

[AlexL]

Re: GDY - Geodynamics Limited

Hey Guys,

can anyone explain to me the recent jump rise followed by the equally impressive drop? I haven't been able to find any information that would cause this spike.

Alex

 

[Semillon]

Re: GDY - Geodynamics Limited

Hey Guys,

can anyone explain to me the recent jump rise followed by the equally impressive drop? I haven't been able to find any information that would cause this spike.

Alex

I would look toward the news - 20% renewable energy target passed by the senate is the likely cause.

The company has a previous history of spikey behavior.

 

[So_Cynical]

Re: GDY - Geodynamics Limited

Hey Guys,

can anyone explain to me the recent jump rise followed by the equally impressive drop? I haven't been able to find any information that would cause this spike.

Alex

U couldn't of looked to hard 21 Aug the SP fell 16% due to this announcement.

http://www.asx.com.au/asxpdf/20090821/pdf/31k6xmtwd5tm11.pdf

In a nut shell the production well (Habanero 3) may well be cactus...while long term
its no big deal, short term its a big deal.

 

[jbocker]

Re: GDY - Geodynamics Limited

U couldn't of looked to hard 21 Aug the SP fell 16% due to this announcement.

http://www.asx.com.au/asxpdf/20090821/pdf/31k6xmtwd5tm11.pdf

In a nut shell the production well (Habanero 3) may well be cactus...while long term
its no big deal, short term its a big deal.

From that report hydrogen embrittlement was the cause of the failure in the production well, and as a precaution cement plugs have been put Habanero 3 and Habanero 2 and perhaps also Habanero 1.
Looked up what hydrogen embrittlement was, http://www.glossary.oilfield.slb.com/Display.cfm?Term=hydrogen embrittlement
The corrosion control tab at the botom of the glossary goes onto some solutions that are used on the hydrocarbon industry.
It sounded very serious to me when I first read the release from GDY however it looks like it has been encountered before elsewhere, and we will have to wait and see what the remedy is for GDY.

Hanging in there for a while longer...

 

[AlexL]

Re: GDY - Geodynamics Limited

U couldn't of looked to hard 21 Aug the SP fell 16% due to this announcement.

In a nut shell the production well (Habanero 3) may well be cactus...while long term
its no big deal, short term its a big deal.

Thanks for the reply, I did actually read that report. I guess my take on it was less pessimistic than some of the other shareholders.

Alex

 

[travwj]

Re: GDY - Geodynamics Limited

So whats going on with GDY. There has been no announcments for quite some time. Have they got the 1mW plant up and running. I am starting to become a little frustrated with not a lot being done on time..not to mention the share price heading down to hopefully some support at about 72cents.

Trav