reversal?, page-25

"sentiment to the whole sector is changing"

agreed. esp overseas

last week LVestus raised $750m for a Geo project in america

this week it's NZ

http://www.bloomberg.com/news/2011-02-21/contact-energy-plans-rights-offer-to-fund-475-million-geothermal-project.html

Jakarta has just ordered its utilities to buy geothermal power

http://www.bloomberg.com/news/2011-02-21/indonesia-orders-utility-listrik-negara-to-acquire-geothermal-power.html

the sector is about to explode. meanwhile everyone in Oz is still busy buying commodities shares at premium prices

when the wave hits we will have been blessed with the opportunity to load up here in the single digit levels.

CEGE alone will need to raise around $45m ST and $260m MT for its demo and first stage plants. a $10b who relies on the expertise of GRK directors will no doubt find a way to nurse this into a midcap via an appropriate debt arrangement. So we are essentially holding a $150m company already, and are just waiting for the shareprice to catch up