Hey G RocKers!
I wouldnt worry about these quiet times, it seems like a lot of holders are worried that the sp is not shooting up quickly, the immediate future only holds good times for GRK as any moves made are going to be a step forward. IMO the downside risk with this company is only going to be when the power plant is in place, and the problems associated with the actual hot rock system, these problems should be well over a year away, and from now till then a lot of profits to be made.
We have a lot to look forward to: Fraccing of Blanch 1, Application (and hopefully granting) of REDI, securing drill rig (possible from BHP due to their 'friendly relationship', or from GDY when they have finished drilling their holes), Drilling, the temperatures measured from the drilling, setting up infrastructure (which Dr Jörg Baumgärtner should be an enormous help as he contributes more experience than most geothermal personnel in Australia), Possible investing from BHP (very speculative but somewhat expected). Not to mention the election in a few months should turn a lot of focus onto renewable energy (especially these geothermals) as a lot of people were dissappointed with the budget given to renewable energies, so it will be a point to win votes on, along with the obvious ethical reasons of less green house gas emissions.
Apart from all the above, there is no reason why GRK and GHT should have different market caps. However GHT has 33 million shares on issue meaning a market cap of 57 million. Whereas GRK has a market cap of 24 million. A difference of 33 million!! From my research this difference can not be justified as both companies have very similar prospects and are in very similar positions in the race. In my opinion (obviously a bit bias towards GRK ;-P) GRK should even be valued higher due to the more experienced management, due to an already successful operation in hungary, due to the possible development of a relationship with BHP, due to the proximity of the operation to the power grid near BHPs olympic dam mine ( BHPs mine is apparently going to undergo a $billion expansion they will be needing a lot more energy.) Therefore even without any ann's the company should already be valued at above 0.40 to at least equal GHTs market cap. I think the only reason we are not there is the market being ignorant to these facts.
Once GRK is in the limelight (which could be when the election starts, or when BHP signs some papers lol,) we should see dramatic increases. It is only a matter of time guys, we just gotta be patient and see these times of cheap stock as times we should be accumulating!!! Interested to hear some other thoughts on GRK, take care,
the best is yet to come:-)))))))
Alex
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