No need for 1000 words to tell this story.
Try Australian geothermal. High hopes in 2008.
Not so hot rocks in 2012.
Geodynamics is the Australian pioneer in this field. Thanks to an intensive drilling program it has established the presence of large underground hot rock formations superior to any others known elsewhere in the world. It is the largest and most advanced of all the Australian companies, and hopes evenutally to build a $770-million, 300MW power plant.
Geodynamics 2012. If you can get past the paywall you find that the stock has fallen from 40c in 2011 to 15c this year.
How is Olympic Dam going these days?