re: Ann: Rights Issue Update Extension to tim...
It's nice to have a new investor with positivity and adventure .....to invest in ptr.
Geothermal is a very possible way of producing electricity to make a profit ....but just as important it has a noble objective in reducing pollution and carbon emmissions...to help save the planet.
Unfortunately in 4 to 5weeks time ptr must come up with $5million...to meet a condition to obtain a $13million grant from the Feds to fund the next drill...being P3...
Nil has been announced or indicated at this stage that anything is being done to achieve this condition...
There is talk of pursuing new ventures....additional working capital...perhaps a few trips to Spain.....some entertainment...some wineing and dining...some conferences addendance...some expense account topping up for employees perhaps..
But zero on the most important issue which had the potential to increase share holder value...to encourage conversion of options which would have funded Ptr into the future...
I have only one concern....if Ptr are not going to do Geothermal drills then..
What have they spent Shareholders money on....?
PTR Price at posting:
1.3¢ Sentiment: Sell Disclosure: Held
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