marma & d88, agreed. EHR is a steal right now. Our flagship project in Argentina is fully funded for stage 1 (30MW), although we do have to pay for the drilling of one hole. Stage 2 is almost fully funded (60MW). Offtake partners are lined up. Total funding = $174m. Forecast annual NPAT of $15m for a 30MW plant (p.18 of Investor Presentation 8/11/11). There is no doubt that our current market cap of ~$18m is ridiculously low!!
boppy, agreed. It does look like someone is exiting. There's only so much blame you can lay at La Jolla's feet. I know that the previous directors accepted shares in lieu of payment, so it is possible that they have been selling off too. Let's face it, they've been waiting a while to get paid so you could hardly blame them. Also, no doubt, there are those who cannot afford to wait (for various reasons). Could someone be shaking the tree?
EHR Price at posting:
1.8¢ Sentiment: LT Buy Disclosure: Held
