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Re: GDY - Geodynamics Limited
I did, lucky me, got a parcel at 12cents, was a blind hope that they might come back (in time) and make some of my more expensive parcels look better, so for once I made a decision that didn’t come back to bite me. However, I think GDY will be a "set and forget" now.
Not the best decision to make, yet if I just leave them and come back in 12 months I will either:
1. Lost my money - so what’s new, ha!
2. Break even across the board.
3. They have delivered the pilot, it is successful, the other drill holes are going well and their SP has hit stratospheric levels (well maybe not that high).
I did, lucky me, got a parcel at 12cents, was a blind hope that they might come back (in time) and make some of my more expensive parcels look better, so for once I made a decision that didn’t come back to bite me. However, I think GDY will be a "set and forget" now.
Not the best decision to make, yet if I just leave them and come back in 12 months I will either:
1. Lost my money - so what’s new, ha!
2. Break even across the board.
3. They have delivered the pilot, it is successful, the other drill holes are going well and their SP has hit stratospheric levels (well maybe not that high).
Re: GDY - Geodynamics Limited
Just to follow on from my earlier comments, I have to seriously ask the question: Is the ASX corrupt, or just simply inept and incompetent?
Dont get me wrong, I own this stock and like it when it is going up, esp. since I was lucky to get in at 12cents, however a stock falls almost a cent a day for a month and no questions are asked; the stock falls 5 cents over 4 days and questions are asked; and it then rise's 7 cents in 3 days and no questions are asked; and finally I come back from a trip and see they went up by as much as 8 cents in a day and no questions are asked.
I have to repeat, is this just a corrupt ASX or an inept and incompetent one?
I like making money, and I like when my stock goes up, however a little consistency wouldnt hurt would it? I should say this is not just GDY, I see it with so many stocks.
Just to follow on from my earlier comments, I have to seriously ask the question: Is the ASX corrupt, or just simply inept and incompetent?
Dont get me wrong, I own this stock and like it when it is going up, esp. since I was lucky to get in at 12cents, however a stock falls almost a cent a day for a month and no questions are asked; the stock falls 5 cents over 4 days and questions are asked; and it then rise's 7 cents in 3 days and no questions are asked; and finally I come back from a trip and see they went up by as much as 8 cents in a day and no questions are asked.
I have to repeat, is this just a corrupt ASX or an inept and incompetent one?
I like making money, and I like when my stock goes up, however a little consistency wouldnt hurt would it? I should say this is not just GDY, I see it with so many stocks.
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Re: GDY - Geodynamics Limited
I think there is a confluence of issues happening with GDY
1) The inevitable disappointment with past failures results in disillusionment with a steady bleed of investors
2) The uncertainty about a concrete renewable energy incentive (Carbon Tax) creates further uncertainty and thus less interest.
3) On the other hand the company is still progressing and hopes (yet again) for a successful result. Perhaps this will be the one.
So the share is gradually oversold to the 12 cent stage at which point more hard headed institutional investors decide it is just too cheap and that with the introduction of a carbon tax the opportunity to get a profitable project up and running looks too good to ignore.
So they all pile in.
I think there is a confluence of issues happening with GDY
1) The inevitable disappointment with past failures results in disillusionment with a steady bleed of investors
2) The uncertainty about a concrete renewable energy incentive (Carbon Tax) creates further uncertainty and thus less interest.
3) On the other hand the company is still progressing and hopes (yet again) for a successful result. Perhaps this will be the one.
So the share is gradually oversold to the 12 cent stage at which point more hard headed institutional investors decide it is just too cheap and that with the introduction of a carbon tax the opportunity to get a profitable project up and running looks too good to ignore.
So they all pile in.
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Re: GDY - Geodynamics Limited
What questions do you think the ASX should be asking? and What difference would it make?
What questions do you think the ASX should be asking? and What difference would it make?
Re: GDY - Geodynamics Limited
Questions? The same pointless meaningless and ultimately silly questions like you have asked me, and in turn the same pointless silly glib answer I have given you!
Questions? The same pointless meaningless and ultimately silly questions like you have asked me, and in turn the same pointless silly glib answer I have given you!
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Re: GDY - Geodynamics Limited
Ok,
You made a comment and asked the question if the asx is corrupt, You then said that you were not happy because they have been asking questions.
I just wanted to know what you wanted them to ask, and what you hoped would happen as a result of them asking these questions.
To be honest I don't believe the asx should waste time asking the company to explain share price actions as the company them selves would have no idea unless they contacted every buyer and seller each day and surveyed them as to the reasons they have bought or sold, any explaination would be meaningless without such research.
It would be silly to think evey share price movement was related to things happening at the company.
Ok,
You made a comment and asked the question if the asx is corrupt, You then said that you were not happy because they have been asking questions.
I just wanted to know what you wanted them to ask, and what you hoped would happen as a result of them asking these questions.
To be honest I don't believe the asx should waste time asking the company to explain share price actions as the company them selves would have no idea unless they contacted every buyer and seller each day and surveyed them as to the reasons they have bought or sold, any explaination would be meaningless without such research.
It would be silly to think evey share price movement was related to things happening at the company.
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Re: GDY - Geodynamics Limited
Having a small dabble in this one. Not much chatter on this for a while I see. Anyone else following/holding?
Having a small dabble in this one. Not much chatter on this for a while I see. Anyone else following/holding?
Re: GDY - Geodynamics Limited
I have been holding for a while...about 4 years. It was a buy and hold, and I liked the idea of green energy, infact the first stock I invested in. Since then it has gone down hill, should of sold out a long time ago, and am now just keeping it just incase GDY get there **** together....good concept, but wrong location....and taking along time to prove up that it works.
I have been holding for a while...about 4 years. It was a buy and hold, and I liked the idea of green energy, infact the first stock I invested in. Since then it has gone down hill, should of sold out a long time ago, and am now just keeping it just incase GDY get there **** together....good concept, but wrong location....and taking along time to prove up that it works.
So_Cynical
The Contrarian Averager
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Re: GDY - Geodynamics Limited
Following, have been for years..the only thing stopping me having a bite is the inevitability of a cap raising.
The project is still viable and capable of producing a large % of Australia's renewable energy...lessons have been learnt, costly lessons and now all the boxes seem to have been ticked.
That's where the hottest granites are so that's where the project had to go...you know if it ever becomes economically and technically feasible to wirelessly transmit electricity...this project would be worth a billion dollars.
Following, have been for years..the only thing stopping me having a bite is the inevitability of a cap raising.
The project is still viable and capable of producing a large % of Australia's renewable energy...lessons have been learnt, costly lessons and now all the boxes seem to have been ticked.
That's where the hottest granites are so that's where the project had to go...you know if it ever becomes economically and technically feasible to wirelessly transmit electricity...this project would be worth a billion dollars.
Re: GDY - Geodynamics Limited
GDY was the second share that I ever purchased. I actually used both government stimulus payments i recieved to purchase my parcel in 2009. It was the worst investment I have ever made in terms of loss and it is now worth so little I can't sell it.
GDY is a dog. I use to get excited reading the company's announcements, now I don't bother. The poor investment has provided me with some valuable lessons. No matter how 'cool' the bussiness idea sounds, if the financials don't stack up then it is a bad investment.
With GDY I have heard people justifying their investment based on the fact coal and oil will run out and that Australia needs a renewable energy source, but this is a long time down the track and in reality it is ridiculous to consider this when making an investment now.
There will be a cap raising followed by another and another..... The only way commercialisation will happen is if origin get back on board. But still there will be another cap raising.
GDY was the second share that I ever purchased. I actually used both government stimulus payments i recieved to purchase my parcel in 2009. It was the worst investment I have ever made in terms of loss and it is now worth so little I can't sell it.
GDY is a dog. I use to get excited reading the company's announcements, now I don't bother. The poor investment has provided me with some valuable lessons. No matter how 'cool' the bussiness idea sounds, if the financials don't stack up then it is a bad investment.
With GDY I have heard people justifying their investment based on the fact coal and oil will run out and that Australia needs a renewable energy source, but this is a long time down the track and in reality it is ridiculous to consider this when making an investment now.
There will be a cap raising followed by another and another..... The only way commercialisation will happen is if origin get back on board. But still there will be another cap raising.
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Re: GDY - Geodynamics Limited
Well Ladies seems as tho GDY has struck gold. Big shift in the SP.
Well Ladies seems as tho GDY has struck gold. Big shift in the SP.
So_Cynical
The Contrarian Averager
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Re: GDY - Geodynamics Limited
Struck gold hey...you mean the pilot plant is up and running, the pilot plant from 4 years ago. it was always going to work...just a matter of time and throwing enough money at it.
Shame the Noalition will pull the plug on green energy.
Well Ladies seems as tho GDY has struck gold. Big shift in the SP.
Struck gold hey...you mean the pilot plant is up and running, the pilot plant from 4 years ago.
it was always going to work...just a matter of time and throwing enough money at it.Shame the Noalition will pull the plug on green energy.
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Re: GDY - Geodynamics Limited
Geothermal could actually provide firm, dispatchable power to the grid and is thus a "real" alternative to fossil fuels and nuclear.
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).Struck gold hey...you mean the pilot plant is up and running, the pilot plant from 4 years ago.
Shame the Noalition will pull the plug on green energy.
Geothermal could actually provide firm, dispatchable power to the grid and is thus a "real" alternative to fossil fuels and nuclear.
Re: GDY - Geodynamics Limited
New Zealand has been generating geothermal power for decades.
http://en.wikipedia.org/wiki/Geothermal_power_in_New_Zealand
New Zealand has been generating geothermal power for decades.
http://en.wikipedia.org/wiki/Geothermal_power_in_New_Zealand
Country Lad
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Re: GDY - Geodynamics Limited
Yes and so have many other countries with their heat sources closer to the surface. The challenge in Australia has been mainly the drill depth of 4 kilometres, the more difficult types of materials they need to drill through. Circulating the water/steam over the 8 km distance also needs a little more technology than a pool pump.
It is good to see that they have the demo plant working, the challenge then will be proving large scale commercial production.
How about we keep childish political comments in the politics thread. This adds no value to the discussions in share threads.
Cheers
Country Lad
Yes and so have many other countries with their heat sources closer to the surface. The challenge in Australia has been mainly the drill depth of 4 kilometres, the more difficult types of materials they need to drill through. Circulating the water/steam over the 8 km distance also needs a little more technology than a pool pump.
It is good to see that they have the demo plant working, the challenge then will be proving large scale commercial production.
How about we keep childish political comments in the politics thread. This adds no value to the discussions in share threads.
Cheers
Country Lad
Re: GDY - Geodynamics Limited
Courtesy of the taxpayer
.
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
.
chops_a_must
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Re: GDY - Geodynamics Limited
Most large companies will be using the same deal.
Any ARC linkage funding, can be put into the R&D offset, if it can show a wider benefit, for instance.
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
Most large companies will be using the same deal.
Any ARC linkage funding, can be put into the R&D offset, if it can show a wider benefit, for instance.
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