I think the recent corrections in geothermal companies are rather healthy; for example, I could not rationalize the difference in price between GHT and GDY. TEY also seemed to me to rise on hot air...or rather the positive sentiment about the industry overall. I initially bought GDY at $1.10; retrospect shows that the only reason it traded at those levels comparative to its peers was lack of confidence due to the HAB2 mishaps. I still believe it represents the best value out of the geothermal companies, with lowest risk profile, best management etc...
Best of luck to all holders.
drilling, page-13
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