company moving forward, page-3

"The Company will be the operator of the tenements which have been applied for jointly with major resource companies."

Could be interesting. I managed to pick up a decent parcel at 10c in anticipation of "imminent announcement of the successful tenders for Western Australian geothermal tenements". I've got no idea what they have picked up, but a well positioned (preferably adjacent to a significant water body) project partnered with a major oiler could add a few cents to the SP, or even bring a new focus to the company.

Regarding the rig, they have no funds to secure such an item. Is the implication that they are pursuing advanced-stage JV negotiations, with rig funding to be supplied by the partner and GRK retaining operating rights? Or is this a repeat of their previous miscalculations, where access to a rig was wildly miscalculated?

On the assumption they this is not a repeat of previous mistakes, the stock looks interesting after this hint-laden announcement.