> CEO said something along the lines of 'I'm pleased to report that we were overrun with geothermal companies taking an interest in the rig.'
Yeah, that's exactly what I mean by over-hyping and under-delivering. "Taking an interest" sounds positive, but actually if you've got a stall at a geothermal conference that is marketing a specialised geothermal drilling rig, and you don't get anyone "taking an interest", there is something seriously wrong.
They should have been able to announce something a lot better than just "taking an interest". If all is as good as it sounds, the geothermals (and others) should be competing to lock in rig time ASAP. The question is, why aren't they? Is it conservatism, technical limitations, or just bad marketing or management?
Competition from other sectors hasn't been a factor so far, either for price or availability.
PTR Price at posting:
10.0¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)