Very much agree Jukes on all points. Especially sharing the joy...

Very much agree Jukes on all points. Especially sharing the joy across geographical locations.

For that reason I've taken small positions on
1) KEN
- Methodical, good grounding in science, strong political backing in Tas, only Tasmanian Geothermal, Not Hot Dry Rocks (HDR seems very expensive and risky to me)

2) GRK
- Only WA entry, not HDR, Share price has remained low (cheap entry)

3) HRL
- my pick of the Voctorians because it seems very similar to PAX. They also have both a resource estimate and a drill rig slot.

I didn't pick GER because
- I don't think they have a drill rig slot
- they seem to talk to the point that they look ridiculous at times (eg applying for the REDP). Hard to find them credible. I may be wrong here - exposure may be what you need in this game to get ahead
- I have a small indirect position in them via Wasabi anyway

I didn't pick TEY because SA has already had 100% of the geothermal funding. I think they are worthy but someone has to miss out....

Dis: Small positions in my top 3 only. I assume the rerating of the grant will lead to a capital raising to fund the project. I'm hoping for a cheap entry to a SPP.