Should I buy - Non-Renounceable Rights Issue, page-3

On past performance I wouldn't touch it but I am open to persuasion.

I notice BOD & management are underwriting this offer to approx 900K BUT I don't read anywhere that they are going to take up their full allocation, has anyone else seen this anywhere ?

Climeon is getting a big head start BUT is using the ORC, Rankin Cycle, which is supposedly not as efficient as the Kalina Cycle. It depends on the temperatures & pressures but Kaline is anywhere between 10% - 40% more efficient.

http://www.globalgeothermal.com/Technology.aspx

IMO it is interesting that Technip, one of the world leaders in energy research & implementation, recommended the Kalina cycle for the Klamath Hill North American geothermal power projects. They must think it has sometime going for it BUT that surface way back in 2012 so approx 6 years ago !! why SO SO slow ... ?

https://www.bizjournals.com/portland/blog/sbo/2012/03/geothermal-energy-plant-planned-for.html

If it is so good, I just can't understand why people are not beating the door down to use this technology. On paper it seems like a sleeping giant but in the 'real world' it just doesn't seem to be able to get any traction. Just all hot air & no electricity. Something just doesn't add up, I smell rotten fish.

The German ball's up hasn't had much exposure. Why has it failed ? It is closed now & the plant up for tender

http://notrickszone.com/2017/10/04/green-energy-debacle-multi-million-euro-geothermal-power-plant-shuts-down-after-8-years-of-endless-troubles/

Maybe it is a case of 'learn by your mistakes & since then Kalina, from what I understand, have taken full control of all aspects of design & component supply in an effort to avoid such issues.



Then of course there is the Wasabi Energy skeleton in the cupboard hanging over the Kalina Cycle, is it going to be the same again ?

https://www.smh.com.au/business/wasabi-energy-placed-into-administration-after-failed-rights-issue-20131231-304ga.html

The basic ORC based Climeon module shown in the promo video is 150KW ie. 150KVA & 'stackable' + has the backing of Breakthough Energy Ventures. If the Kalina cycle is so great then why haven't they had some support from organisations like Breakthrough ?

https://techcrunch.com/2019/03/03/bill-gates-and-jeff-bezos-backed-fund-invests-in-a-global-geothermal-energy-project-developer/?yptr=yahoo