I would not be unhappy with a pull back to mid 6c as I feel that would only be temporary. I do not follow any other Geo stock so cannot comment on EHR. I see good upside in this now that they have got on the same train as edc. I was always inrested in HRL's South American projects. Great potential being close to power grids and some potential for 30 year life spans. I believe a large amount of mum and dad investors in Australia are sitting on the sidelines waiting for Koroit to happen. Australian projects will certainly be a catalyst for sp to move north. This is an expensive business but we should be funded by both AUS Gov contaracts and South American projects. Teaming up with proffessionals with 35 years GEOTHERMAL experience is a game changer. HRL are on the road at the momentt spruiking their stuff to brokers and I have conservativly estimamted 12c - 14 c by end of year. So many options available to them now......I cannot see 6c in the near future and expect difficulty in topping up at 6.5c.
Nice Chart ........interested to know why you think a pullback to 6c is on the cards just now. We have only just started to climb north and not a lot to stop us now except for Gov contaracts that might be in caretaker mode for a while.
HRL Price at posting:
7.2¢ Sentiment: LT Buy Disclosure: Held
