geothermal industry, page-59

Hi heavensent and nightspore.
Yeah, profit taking is likely on TEY. They are not actually doing anything they could stuff up at the moment, so I doubt it's bad news.

Maybe our SP will get choppy again around spudding time? It certainly won't be smooth runnings after final depth is intercepted and flow is established....we're gonna shoot higher than HAB3's water spout. That is a major perceived risk at this stage. If that barrier can be removed, we stand to make large gains during the next 7-10 weeks, as this timeframe should see HAB3 spudded, and initial flow established.

Once the enormous, proven body of water in our reservoir is intersected, the wider market may realise how critical HFR is to geothermal energy. HDR may begin to have a water-risk premium attached. A waterspout gushing higher than the eye can see is a great visual lesson on just how massive the necessary volume of water is.

For holders, these are great times. For those still in consideration, there should be some excellent whiplash movements to enter in on. The geothermal herd is still getting spooked easily. The wider public still has a barely minimal understanding of what geothermal energy is. My friends outside the scientific community rarely know it as more than 'energy from rocks?'. This is still an extremely early stage to enter, and the returns will be monumental.