frac testing starting soon, page-6

scotty

Don't know about time frames but I will add this anecdote into the pot.
year ago ( talking 2003) I bought shares in PNA at 4c because they had a deposit in Laos. My reasoning was that if OXR could develop Sepon and go from 4c in 2000 to 80c in 2003 then PNA's gold copper asset would eventually be worth a a lot more than 4c. At the time the OXR investor mates I knew said I was crazy.
The point is that PNA ran on the back of its own success and that of OXR in Laos. ( By memory OXR tagged behind Kingsgate in the early part of the decade.)

The similarity to GDY is there. OXR was fighting against negative perceptions of country risk and the prospect of being a one mine show. GDY fights against technical risk perceptions. IF GDY is successful then it will go gangbusters and make investors very happy. It will also open investors eyes whom currently don't believe the GDY story and make them rethink risks in the geothermal sector. When they do this they will also have a look at the investment merits of GRK and I believe come to the same conclusion as me that the risks are on the upside rather than the downside. The same is true for the other geothermal participants.
The sector is very much in the nursery but then again in 2003 so was Laos as an attractive place for minerals development.

I am playing the sector and investing in GRK because of the huge leverage.
I like the management and think they have the smarts to work out problems.
The thing that sticks in my mind so much is the distance to market. OD is a huge prize because of the proximity to infrastructure. It makes all the difference and eventually the market will appreciate it. happy to be a holder and I think I will make a 10 bagger out of this over the next few years.
Cheers
omg