worth a small investment

I think this one is worth a look with a view to taking a short to medium term hold.(1-6 months)
Although this stock has disappointed investors for a while with its slow steps forward and technical issues, I think the next 6 months will see it rerated......71.2 mil in bank.....90m REDT grant from the goverment now confirmed unconditional.......$1.48 target from Morgans.........new MD and CEO........ 2 new wells to be drilled, paid largely by the grant and constuction of the 1MW pilot plant.......exciting stuff, of course drilling to 5Kls is a risky business but hard to see downside from these prices.