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$Bill+ geothermal electricity fiasco, page-2

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saltocan

3,790 Posts.

10/05/16

11:14

Post #: 17722023
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Originally posted by Welkin31 ↑

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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PTR is another... raised money..farmed out and finally crashed and burned everthing Geothermal......now just a shell.......
Had success but ran out of money.
Dyor
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