geothermal activity, page-13

"A million buy order went through" Well actually it didn't. 388,027 shares went through and there are still 611,973 as a single buy order at ten cents to go through. That woudl make a million.

Regardless of the detail a GUL buy order sitting in the market for 611,973 shares at 10 cents is a pretty big statement about something.

If GUL shareholders are the tight little group that I think they are they will not sell down into this bid. They will want more than to sell their long held shares for a mere 10 cents. What this bid does is to put a floor under the SP for the next day or so.

A more relevant question is 'how many stories will be built above this floor before it is forced to move?' GUL is so illiquid that if you want 600k they are likely to be difficult to get at the price you are first willing to pay.

Another relevant question is 'who would have the confidence to spend $60k of their own cash on a speckie like GUL?' A possible answer is 'someone who thinks they are on to more of a sure thing than a speckie.' I think we can assume that that this person is probably not an insider because, true insiders are likely to get more than there fair share via options and stuff. I therefore assume that this person is on the edge and knows something or at least is pretty confident they know something. Would you be plunging in like this if you didn't?

Is there something else brewing down there among those hot rocks (coal or geothermal) or is this bid being done on the potential of the coal alone?

Interesting times!!!!

If I am wrong with these speculations please excuse my delusions.