And US Geothermal appears to be plugging along at a nice slow steady pace......
The chart has been looking good as of late, and with Q3 next week...... then onto.....Q4.... ... Q1_2014... .Q2_2014...... The slow steady climb should continue for years to come, in the opinion of a positively biased investor.
Certainly a good time to get more shares, or to dip ones newbie toes into the HTM hot waters....
Always good to get, nice job Gilles.
"U.S. Geothermal Inc.: El Ceibillo Project Receives License to Construct and Operate 25 Megawatt Project"
Gilles is also talking at the Imperial Capital Global Conference at the Waldorf in NY today.
Should get interesting.
Took the time to listen to the CC this morning, and agree with you buckeye, I thought it was a good CC. Q3 is one of their lower production Qs, and with the unplanned outrage, oh well things happen. Would have hoped the contractor kicked in something for the lost production, but...
Thought Gilles and Glaspey did a fine job of explaining what went on in Q3 and what they will be doing in the future. It sounded reasonable to me. Having been to two of the plants and understand the process, I think getting in the mid to upper 90% up-time for any of the plants is pretty dang good, and they are on the way for Q4.
Gilles certainly sounded a little controlled in his discussion on M&A activities, strongly suspect we will be hearing something on that this Q.
As far as Dan, he was a good guy, not sure why nami has such problems with him. A smart dude as far as geothermal goes. Not privy to the actual reasons for leaving, but having ready access to his knowledge of the plants has got to be good at this point.
Looks like most of flippers jumped shipped friday, and the smart ones will be buying more on Monday. Or not.
Onto Q4 on March 15, I would suspect.
Nice job Gilles, an extra .07 cents per share.... think the SP will pop up to 51 cents? In time, for sure.
Now on to the M&A stuff.
The State of Oregon allows certain renewable energy project investments within the State of Oregon to qualify for the BETC. Our Neal Hot Springs project, recently constructed near Vale, Oregon, applied for and received formal approval from the State of Oregon for the maximum $10 million tax credit. Based on the statutes' guidelines, the company was able to monetize (sell) the tax credit for the sum of $7.4 million, and after paying certain transaction expenses, the project received approximately $7.0 million. In cooperation with the US Department of Energy, the project loan guarantor, 50% of the amount received will be used to fund additional project reserves, while the balance will be available for distribution to the project owners.
"The sale of our Oregon Tax Credit completes one of our last, outstanding open items for the Company. Our portion of the BETC funds will provide capital to help fund our future growth activities," said Dennis Gilles, Chief Executive Officer of U.S. Geothermal.
Nice job WYY....Thanks for the effort... Investors are pleased as well.
WidePoint Enters into Global Master Services Agreement with Compass Group PLC
John Atkinson, Chief Sales and Marketing Office of WidePoint, said. "We are pleased to announce this new international agreement. It builds upon several years of U.S.-based performance supporting Compass, and expands our relationship by showcasing our abilities to support our global clients beyond the constraints and limitations of national boundaries."
Thanks parto, a good one. First a fine SA article, highlighting the wonders of US Geothermal, and now an Award for the great job Dan did for nami and fellow investors, could life get any better. Sure could.
"Even in a challenging environment, our GEA Honors winners represent the best in a growing industry. These geothermal leaders are trailblazers and should be praised for the headway they're achieving for the entire sector," noted Geothermal Energy Association Executive Director Karl Gawell.
Technological Advancement: Awarded for developing a new, innovative or pioneering technology to further geothermal development.
"U.S. Geothermal's 22 MW Neal Hot Springs Geothermal Power Plant: Through a U.S. government program promoting the development of "Innovative Technology," U.S. Geothermal received financing for its Neal Hot Springs project in Vale, Oregon, to develop and build the first commercial, supercritical Organic Rankine Cycle (ORC) binary power plant. TAS Energy designed, manufactured and installed the supercritical ORC binary power plant employing R134a, an organic working fluid that is non-toxic and non-flammable."
A very good interview from the Equities conference... Nice job Gilles, very informative! ... Thanks.
"Rock Steady," says Gilles....
"Dennis Gilles, CEO of U.S. Geothermal explains his company's compelling strategy and approach to the energy market."
google ---- media-gallery/221-u-s-geothermal-inc-nyse-mts-htm
Views at this time only 42... lets get the word out. It should be in the hundreds.... of thousands.
For Q3?.... don't hold your breath. Usually do not see it until a few days before the last day they are able to post it... So the week of Nov 11 for the PR would be my guess, stating Q3 will be out on Nov 15, maybe Nov. 14 if we are lucky...... either way.... Profit time... a few pennies....it all adds up.
Thanks for the post matt... Looks like the chatter and beat of the HTM drum is picking up, and none to soon.
Google this section of the write-up.. Jeff has been using the same phrase for a while.... "EGS is the holy grail for the geothermal industry."..... He will be right-on, eventually.
Alt Energy also has another good write-up summary on HTM, beating the drum for a bright future as well.
"US Geothermal: A Knack For Hot Rocks" by Debra Fiakas CFA
"There are no consensus estimates published for U.S. Geothermal, but there are high hopes for the quarter report. Message boards are filled with continuous chatter about the company’s progress."
Liked these comments, "no consensus," ... no fooling from looks of the share price. Then "message boards," she uses them to give credit to DD in her articles... what a gal. :-)
Well on to Q3...and 60 cents...
Very good SA write-up. Nice job!
Hit on a lot of the good and bad stuff, and the future does look bright for longterm investors. Guess the slow and steady pace, just might pick up a little.
Good thoughts on Latin America.....
"Furthermore, U.S. Geothermal's expansion and success in Latin America is significant. Among the regions where clean energy investment has been supported, and where clean energy has been utilized, Latin and South America is among the highest. Success and growth in their Guatemalan project could lead to considerable expansion in the region. That development, over the next three to five years, could be pivotal to the company's potential progress and profit."
Did not lit a fire under HTM share price. Looking at the Rodman site, Gilles presented the August PPT...... "A new beginning." .... but could not get the recording to work, if there was one attached, but the PPT was the same.
Well, guess investors will have to wait for next week, Sept. 19th at 9:00 ET, at the Waldorf, where Mr Gilles gets another crack at it, and then onto Vegas in two more weeks ...
Whew 42 cents, how is it ever going to make it to a buck fifty by years end, unless Mr Gilles cranks it up a notch, to light a fire under HTM share price!
So here's to Mr Gilles on keeping up the effort ....... and then onto Q3 in mid Nov.... to fuel the fire.
Markko needs a buck fifty to get the sweet know-it-all nami off his back.....and of course to prove markko right and nami wrong....
Letting it ride.... along with jack and others...
Good one mert, thanks. Yes with new air rules requiring carbon capture, and transportation cost, coal is not going to be a cheap source of electricity anymore. Expecting the Guatemala project to be good for HTM and investors.
US Geothermal Industry Fights to Prove Its Value
Las Vegas, Nevada -- Geothermal industry leaders say they are losing a popularity contest with wind and solar power, but claim they are offering a better product.
“We dressed up to go to the prom, but the car is not showing up,” Dennis Gilles, CEO of U.S. Geothermal of Boise, Idaho, told attendees at the Geothermal Resources Council (GRC) Annual Meeting and the Geothermal Energy Association (GEA) Geothermal Expo last week in Las Vegas.
For comparison, solar photovoltaic power installations in the United States rocketed 61 percent during the 12 months ending in June 2013 to 9,370 MW, according to the Solar Energy Industries Association (SEIA). And the American Wind Energy Association (AWEA) reported that U.S. wind power installations jumped by 28 percent in 2012 to 60,000 MW. In contrast, geothermal power capacity rose by 5 percent, or 145 MW, over the last year, according to the GEA.
“We’re slow right now, but we have a product or commodity that is going to have real value, and we’ll be back,” said GEA executive director Karl Gawell.
Interesting comments made in the SA article by Konrad...
Q3 Review: A Bottom For Clean Energy Developers?
"The news at the other three developers, U.S. Geothermal, Ram Power, and Alterra Power, in contrast, has been better, yet only U.S. Geothermal has advanced. All three have been producing power and positive cash flow, yet can't seem to catch investors' attention. Yet given the current valuations, they don't need investor attention to produce handsome returns from current prices. Including Pattern, there are a number of publicly traded renewable energy power producers would could buy U.S. Geothermal or Ram Power outright and increase their cash flow per share. ....."
"If U.S. Geothermal's distributable income were valued on the same basis, it would be worth $0.66 per share for an 8% distributable income yield, based on management's projections for 2013 EBITDA and my interest estimates"
I guess at this point... would rather see HTM crank out few good Qs and see what happens to the SP.
Sorry nam, like Loko stated before ..... don't ever mention Loko, the iHumble Tea Party crowd will trash the posts and harass you for the effort, then red thumb all your posts .....
Yes there is a lot more news on Scopolamine .. just like there is a lot more of news on Loko's drugs of choice and speculations... but why in the world would Loko want to post it anymore... It will just get ignored, the iHumble crowd will trash Loko, while never commenting on the solid info posted..... but then they steal it and post it on iHumble to start a luv feast.....
iLoser iLoko...... has enlighten readers here on more good stuff going on with ATRS then the whole iHumble crowd combined..... but they are luved....and Loko is trashed...... Politics! .... The Controllers of what is discussed on ATRS to limited the share price..... so Pfizer can get ATRS cheap......
Yes mark 10%, and then parto nails the power bump due to lower ambient temps during the winter months....
So all together now... "Let us sing a song of cheer again, Happy days are here again, Happy days are here again, happy to fill up the account with HTM shares again"
But to heck with us amateur pumping geothermal.... let the professionals do it....and a nice job they did.
The Values of Geothermal Energy: A Discussion of the Benefits Geothermal Power Provides to the Future U.S. Power System
Geothermal power is a reliable, economical, and clean option to provide baseload power for the growing U.S. power system.
Retirement of emission-heavy coal plants will provide opportunities for more environmentally- friendly geothermal power plants. Among energy sources which are suitable for baseload production, geothermal power represents arguably the smallest carbon footprint. Geothermal power has significantly lower CO2 emissions than coal or natural gas.
The U.S. Energy Information Administration (EIA) formulates the levelized cost per kilowatthour for various energy sources. The estimated average levelized cost for geothermal power ($89.60/MWh) comes in significantly lower than coal (conventional or advanced), nuclear, or biomass.29
Baseload or Load Following using gas-fired generation is more costly than geothermal power when factoring in ancillary costs of natural gas electrical generation.30
The transition from a coal to a natural-gas-dominated electricity system would not be sufficient to meet U.S. climate goals. A natural-gas-centered power system still carries significant economic, environmental, and public health risks from methane’s impact on climate change as well as environmental consequences from natural gas extraction.31
As always thanks for the summary ggrail.... I like skimming through others opinions before listening to the CC. Cheating, I guess, but it gives me items to listen to that others find interesting.
Thought it was one of their better CC. The team seems more confident in what they are doing and it shows.
As for Mr D. always good to get his comments. He, if anyone, would have a good understand of the need for the products WYY provides, and always glad to know he is hanging in there with us.
Premarket is looking good, it needs to move up a little more before getting back in the black.
Wow, it was just a quick comment to go with posting the news. I personally find it lazy, when people post info, and do not add any comments. Makes one wonder if they even read it. So I made a comment, sorry it wasn't more detailed and specific.
How about this? Thank you Mr. Obama for giving DOE the regulations that allowed HTM to get a cool free 7 million bucks. Just because US Geothermal's awesome method of generating power will result in slowing global warming, by a calculated rate of exactly 0.0000000000000021 per cent per year of operation. And I am sure, future generations will thank you as well, Mr Obama.
Mr Gilles, sorry but you do not get any credit for the effort, but would like to thank those minions that had the foresight to get the paper work processed and delivered to DOE on time.
Mr Gilles, you will get thanks when investors learn exactly what you spent the money on. If you are smart enough to pay down some bill, or forced to pay whatever, it will be good, since it will increase share holders equity. If the are a few millions left, for M&A stuff, cool, let investors know what you buy on the cheap.
As for the divies.....Gilles did not say No, but suggested it was down the road. It will happen, but don't hold your breath, it will be awhile, IMO. 2015-6 would be my guess for a penny or two, if not, oh well.
Geesss, some people..... it is just a YMB, nothing posted effects the share price. It a place to let it out and have fun with fellow HTM investors. Don't take everything so serious.
Sorry been busy wrenn. I have been to the Raft River site several times and to the NH before it was completed. Allen is correct, and hope you emailed them already. I am sure they would welcome interested students/investors, for educational purposes, but I would also guess just get some visitors way out there... :-)
Yes, I posted the job a couple months ago... a poster mentioned applying. It was out of the Boise Office, seemed like a good entry level position. Worth looking into, maybe they did not hire someone or could use another....
Also think your trust made a good stock purchase, of course.
Interesting, and yahoo shows a 3 cent pop AH...
And why do you have to jump to the conclusion that is is bad, it is just as probable to be a good thing.. CT Order filings are not that uncommon.
Thanks for the heads up.....something to think about, and go snooping around for info...
jacek... just look at the SEC site....