Comments on: Raser identifies Nevada drilling targets http://montaraventures.com/blog/2007/03/09/raser-identifies-nevada-drilling-targets/ Mike Harding's Blog Fri, 05 Dec 2008 03:54:19 +0000 http://wordpress.org/?v=2.6.1 By: terry hallinan http://montaraventures.com/blog/2007/03/09/raser-identifies-nevada-drilling-targets/#comment-8675 terry hallinan Sat, 10 Mar 2007 20:39:49 +0000 http://www.montaraventures.com/blog/?p=342#comment-8675 >>A company like Raser Technologies (NYSE: RZ) on the other hand, still trades at more than 2,500 times revenues. This self-proclaimed developer and licensor of advanced motor technology shows a grand total of $440,000 in revenues across its five-year existence and has burned up millions in cash, staying afloat by issuing more shares. Now it's riding on a (to my mind) nutty, headline-leeching, and doomed-to-failure initiative as an eco-energy play, having signed leases for geothermal resources that it claims it will develop as revenue sources. And there's a bonus: an as-yet-unexplained method by which Raser will "monetize" tax incentives owed its yet-to-be-started geothermal plant. Since these have been extended through 2008, I can only assume Raser will be setting a land speed record for geothermal power-plant construction. >>A company like Raser Technologies (NYSE: RZ) on the other hand, still trades at more than 2,500 times revenues. This self-proclaimed developer and licensor of advanced motor technology shows a grand total of $440,000 in revenues across its five-year existence and has burned up millions in cash, staying afloat by issuing more shares.

Now it’s riding on a (to my mind) nutty, headline-leeching, and doomed-to-failure initiative as an eco-energy play, having signed leases for geothermal resources that it claims it will develop as revenue sources. And there’s a bonus: an as-yet-unexplained method by which Raser will “monetize” tax incentives owed its yet-to-be-started geothermal plant. Since these have been extended through 2008, I can only assume Raser will be setting a land speed record for geothermal power-plant construction.

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