Folks I am a long term believer and currently hold ordinary shares and options. I was initially surprised when management set the date for options to January 08 as it initially appeared to be a short time frame. Given time I came to believe that it reflected managements level of confidence in the project given the specifications of the rig (Slight overkill) and the fact that at least some directors have large investments in the company. I believe the time frame and possible share price movements noted by Tawny are in the ball park. What I am considering now is what will happen to the share price of the smaller cheaper geothermals if GDY take off. They have their differences in respect of target depth, risk mitigation and target rocks but I am starting to consider if the GDY train will create enough momentum to pull smaller players in the sector along. eg GRK GRKOA PTR TEY etc. Any thoughts
RNE Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
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