Hi Tawnyport,
It is very hard to disagree with your assessment and logic regarding the current status of GRK. Whilst i have quite a bit of faith in the management delivering, i.m.o they have made a bit of a mess in marketing the rollout of their diversification which on the surface appears to be at the expense of the mini frac being completed in line with their original road map. Delays will occur, however it appears they have no obvious reason to delay the mini frac...........why they didn't just come out and tell the market the reason for the delay is beyond me. i know you have mentioned this earlier and rightly so.
In saying that, i fully support this sector also and believe GRK offers pretty good value ( pending finance restraints ) and i will probably move my holdings into a Superfund if the delays continue as it could be quite a while before we know whether they will deliver on the final product.
On a positive side, the election result this w/e could be a catalyst for some sector action if the result goes a certain way. Any positive cashflow for GRK is worth its weight in gold at them moment, a decent grant would stabalise their cash position for the time being.
Anyway, thanks again for your thoughts and time.
Cheers
R
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