$Bill+ geothermal electricity fiasco

  1. 3,178 Posts.
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    I am guessing over a $Bill has been spent/wasted on this quest for geothermal electricity generation over 15 years.  If anybody has seen other estimates please post.
    In the case of Geodynamics GDY -
    https://au.finance.yahoo.com/q/bc?s=GDY.AX&t=my
    up to late 2013 they had raised $220mill from shareholders and scored $107mill in Govt grants. So that is $327mill gone just in one ASX company. There are many other ASX companies that spent big on the geothermal energy fiasco - what other examples can readers add?
 
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