capital raising, page-13

seems clear there's little geothermal work around for deep holes at the moment so rig her up for O+G and get on with it

with $640m spent on onshore O+G drilling if we can pick up 5% of that we have $32m income versus ~$42m market cap at 20cps, without options dilution

they can drill Merridin with the second rig lolz
and by then the aussie govt may have sorted out a carbon price and a stronger incentive for deep geothermal work and we'll be busy as heck with that rig too

still a multi bagger all going well