better days ahead

Patersons were the underwriters of the rights issue, and received the unplaced stock which amounted to 23% of the rights issue. Which gives them about 10% of the company. There has been big turnover in recent days at around the 6c mark. It possibly means patersons are selling in to the market. Hopefully once this overhang has cleared the stock can start to enjoy its fair share of the positive sentiment sweeping other Geothermal companies of which GRK appears to be the most undervalued.
Cheers