Can’t help but notice that Donald Stephens has signed virtually all the ASX anns since Nov 2014. Further, Donald Stephens and Simon O’Loughlin will remain on the reconstituted Board. The implication is that Terry Kallis will not remain. That would indicate that all geothermal projects are wiped. They couldn’t find a buyer for the Spanish project. I thought that the Paralana well had already been plugged and abandoned.
It is all very sad considering the very good work that was achieved thus far. However, an incomplete project brings in no returns. Perhaps I was dreaming when I thought initially that a successful potash venture might later support continuation of the geothermal activities. New potash expert Patrick McManus will likely become CEO and will have no interest in geothermal.
Juke
PTR Price at posting:
0.7¢ Sentiment: None Disclosure: Not Held
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