weird situation that's for sure.been an incredible ride...

weird situation that's for sure.

been an incredible ride over the last 24 months or so. some things have changed and others have stayed the same.

24 months ago the east tennant was still highly prospective and now IMO modestly prospective, and the alpha project was just a simple bitumen project and now IMO some outlandish geothermal play.

the future looked bright and uncomplicated back then. now the detail has emerged, devil and all, at a time when global markets have been steadily headed south.

I think they'll have to offer a greater discount than 13c to get investors interested tbh. and in my uneducated opinion - from what I've seen in other stocks lately - broad motherhood statements of hope from companies just aren't really cutting it anymore.

the market wants to see concrete results. and I fear this company is so far away from anything like that, that IMO there's a strong likelihood this will trace back to the single digits.

I have a hard time seeing how this company is worth $50-$60m right now. for me, personally, I'd put it with the other pie in the sky newly-listed at around 20m tbh. maybe 30m because of the prospective royalty deal with ARO. but I've been wrong in the past - so who knows.

not advice. just my uninformed opinion only. dyor.