gdy a thumbs up!, page-32

I'd say the spike upon news of the grant was probably a little overdone - it was mostly factored in already. I think will go sideways for some time to come, as there's not going to be any news in the short term to fuel an increase (at least that I'm aware of). Perhaps good news from competitors in industry will act as catalyst for movement (i.e. improvements across entire geothermal sector).

All major milestones seem to be 18-24 months out. The one I'm keenest to see results of is the multi-fracture drilling. I am disappointed it's so far out, reports from 12-18 months ago indicated we'd begin to see results from multi fracture trials now, perhaps I misinterpreted the docs. The recent casing failure shouldn't have had any impact on this work, yet it's projected timeframe seems to have been pushed back 2 years :(.

See it as a long term hold (12month+), and as some have noted, there will likely be better opportunities elsewhere in the short to medium term. Part of me wants to sell down some of my holdings and do something else in the meantime, but I'm not too trusting of the market at present, this recovery seems overdone.