The options are good buying at those levels, anything under 4 cents is. I wouldn't be too concerned about April exercise just yet.
Between now and then:
Labour's election victory and renewable energy policy, will have a positive effect on the sector.
The mini-frac, which will confirm and quantify the actual pressures at which the granites will open at various depths.
Geodynamics Limited - Habanero 3 project (which will have a positive effect on all geothermals).
With a market cap of 19 million, any positive news could see the head run towards 30 cents, with any mention of bhp interest, government grants, etc. would push it further.
The options will return to above 10 cents or higher before than, and as everyone feels, this is a solid long term hold, as geothermals is just warming up.
GRK Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
