EHR earth heat resources ltd

prospectus is rather light reading isn't it, page-5

  1. 1,333 Posts.
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    one more day left of the equity raising and EHR is on fire (not). EHR are not exactly promoting the company's prospects. Soooooo quiet.

    So far the annual report is more informative that the prospectus. The annual report is the most honest report we have had in a while (wish we'd had it six months ago), but it still has dark secrets.

    ...and don't mention CIFI - The directors no doubt still see no reason for it not to succeed; even when everyone has packed up and gone home. Oh well, we'll just have to 're-complete' it later. Put CIFI with the Feb 2012 Djibouti resource review report and the mid-year 2012 Copahue resource review report in the box titled 'Reports that should have been given to shareholders - but we didn't dare'.

    Good luck kk. If EHR comes up with a dazzling new idea the SP just might recover some ground. Otherwise, there will be a consolidation and capital raising within six months.

    The Australian geothermal sector is woeful. What do the CEOs talk about at the Australian Geothermal Conference? Could you imagine a more dismal event?

    Will EHR sell completely out of geothermal? Just what are we buying with this equity raising? and why is this being fully underwritten, where is the value? Maybe the broker is simply taking the fees, and shifting the stock onto its own punters?

    You could make a tidy 50% buying at .002 and selling at .003 - if you could sell at that price. Will the SP go above .002 in the next six months?

    I note this month Britain has reaffirmed it's preparedness to again go to war with Argentina to keep the Faulklan's (and its purported oil fields). Wouldn't Argentina be better off putting their efforts into funding EHR to advance energy security than waring with Britain? EHR suggested Argentina was doing summersaults of joy to have us there - just that no-one wanted to fork out any money.

    Dear oh dear what a sad story EHR has been, and they want more money from us.
 
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