Arrowhead Bus. & Investment Decisions Initiates Coverage & Publishes Due Diligence & Valuation Report on Hot Rock Limited
June 21 2011 - 4:30PM
Business Wire
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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