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Share Name | Share Symbol | Market | Type |
---|---|---|---|
HRL Holdings Limited | ASX:HRL | Australian Stock Exchange | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.16 | 0.16 | 0.165 | 0.00 | 01:00:00 |
Arrowhead Business and Investment Decisions, LLC (“Arrowhead”) announced that it had initiated coverage and published a Due Diligence and Valuation Report on Hot Rock Ltd. ("Hot Rock" or "the Company”) on June 17th, 2011.
The report is available on abid.co and at: http://abid.co/documents.php?document=1663958525
About Hot Rock Limited (ASX:HRL)
Hot Rock is a geothermal exploration and development company. It identifies, explores, and develops geothermal resources, with the aim of converting them into geothermal reserves, primarily for the development of commercial, zero-emission, base load power generation. The company’s portfolio comprises various geothermal development projects in South America and Australia. The company is the largest holder of volcanic geothermal projects in Chile and Peru. This area is still underexplored and with government grants and geothermal drilling failure insurance, it becomes commercially very attractive. The company’s tenements in Chile and Peru are situated near the grid and local market. This gives it an added advantage over its competitors.
Statements contained and linked to this news release are not historical facts they are forward-looking statements. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from estimated results. Forward-looking statements are based on the beliefs, estimates and opinions of Arrowhead analysts on the date the statements are made. Arrowhead undertakes no obligation to update these forward-looking statements if beliefs, estimates or opinions, or other factors, should change. The information contained and linked to this news release is purely factual and does not constitute a recommendation to buy or sell securities. Arrowhead received fees in 2011 from Hot Rock for the research costs and other services including publishing this report and investor relations services. Arrowhead is not responsible for any loss, financial or other, directly or indirectly linked to any price movement or absence of price movement of the securities described.
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