Mgale, Any evidence regarding policy bias within 'banks, etc' would be greatly appreciated. At this moment, I can't recall any written or verbal pledges about this matter made by any Australian entities.
You are correct, to a degree, when you make the loose assumption that Greenrock will 'probably' have 'open access'' to personnel. This capacity is not unique to GRK. Geodynamics have Origin and Woodside anticipating a successful development - Petratherm will be working closely with Beach Petroleum - Geothermal Resources are still two thirds owned by Havilah Resources. Any one of these partnerships could more easily lead to access to personnel.
Further, with regards to technical expertise, Geodynamics Power Systems, a fully-owned subsidary of Geodynamics, are discussing a potential merger with Exorka and Geysir Green. Between them, these two companies have investment dollars and a wealth of experience and expertise - Exorka operate a Kalina Cycle geothermal powerplant. More importantly, the team at GDY have far more experience drilling geothermal targets in Australia than any other public or private company.
I agree with your logic behind the GRKOAs. It seems increasingly unlikely that GRK will not experience significant SP increases over the coming months. GRKOA is the best option to fully realise the profits involved.
GRK is a speculative play in a speculative field, and is valued accordingly. I hold, and expect SP appreciation, but believe the incresed development and financing risks to be significant, and news to be scarce while the competition is delivering results.
GRK Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
