Our remaining major speculative investment has made remarkable progress in the last few weeks. Carnegie Waves’ wave powered electricity and desalinated water project at Garden island in Western Australia is now well under construction. It will involve three CETO 5 submerged 11m diameter buoys, each producing 240kW of electricity plus… read more →
Geodynamics (ASX: GDY) has sold its operations base near Innamincka in South Australian for less than cost and is to “plug and abandon” some of its geothermal wells. Its other potential geothermal power projects on pacific islands seem to be going through endless approval processes. After such high hopes, this… read more →
The Australian Stock Exchange half year reporting season just ended has seen good results for the companies we have invested in. This, together with the asset allocation method we have developed over the last two years, has seen the August Investments share valuation up by 5% in just over two… read more →