maybe 50 cents, page-4

OMG,

SP predictions are not really my thing. However after giving it some thought here goes, in order of what I believe might happen:

Further media coverage – 20 to 30 cents
BHP or other major “farm in” or JV – 30 to 40 cents
REDI grant – 40 to 45 cents
Successful frac stimulation – 50 to 60 cents
Further Government grants for Geothermal exploration ($5 million for each company from Labor at this stage, I am sure that there is more to come) – 60 to 70 cents
Successful Hungary project – Who knows?


You have asked me to do something that I have no experience or training in, so take it with a grain of salt. I have also tried to be conservative as anyone can say what they like and ramp a stock and people will believe it because they want to, there are plenty of examples of that on HC. Also, if the frac stimulation is not successful, this thing will fall like a stone. Of course, the farm in/JV and REDI grant might not happen before September as well. This is a speculative stock and I believe it will rise on speculation as Geothermal gets more and more media coverage. As a speculative stock, GRK has some good fundamentals. Prime location GEL, experience and a half decent plan (ie working with CSIRO on the mini frac stimulation and the JV with Enex and MOL in Hungary). If I were to give you any advice, which I am not, it would be to “free carry” just before the September mini frac stimulation.

P.S. Never underestimate the power of the media. I was looking at Biota when it was 75 cents thinking that bird flu would be a hot topic, but I did not like the look of the company with the lawsuit and competion from tamiflu. Anyway, there was a media blitz on bird flu and Biota went to about $2.80 in the space of 6 weeks.