re: Ann: Quarterly Activities Report and Appe...
kk & boppy - thanks for being realists. S.A. "assets" are indeed worthless and if anything, more of a distraction, or at least a reminder of failure.
Africa - appears dubious. Very vague.
TSX - more spin than Warnie in his heyday.
Copahue - "only 10%", when the "only" is multiples of your M.C., best not to be arrogant. EHR need risk-capital, and they cannot get it unless they sell lots of paper very very cheap. Reality.
Resource at Copahue - More than likely the resource is real. Not questioning this. But there is a different between a resource, and a bankable project. Projects require production wells to be drilled before closing funding deals. Fact. TM speaks of "funds", "advisors", "mezz funding". Market doesn't believe it.
Copahue could actually work. Problem is, TM has spent more than a year rubbishing every other geothermal company and suggesting, "we know best". Shaw says, "just like minerals".
Tough market folks and EHR is running out of stories to spin.
Nothing personal, best of luck from this casual observer.
EHR Price at posting:
0.4¢ Sentiment: None Disclosure: Not Held
