gdy-geodynamics..junior speccy..

GDY is one of the more interesting speccy's on the market. At first glance you would be mistaken to think it is another speccy concept bound to go wrong. But, I don't think this is the case.

GDY is currently drilling a 5km hole in South Australia or until it hits the centre of the earth. With a drill bit they plan to use the heat from 5km deep to produce electricity. In mid-January GDY spuds its first hole at NE South Australia which could spark speculative interest.

GDY's major backers are the Australian Government with $5 million in grants, Woodside which has a 31.6% interest via Metasource and the Australian National University holds 7.9%. With such strong parents it is a suprise that GDY is trading below it's issue price and at current levels it is worth a look. I very recently bought GDY for abit of fun.