this is the bottom imo, page-24

Hello everyone,

Nightspore, I don't think we have a leaky ship, but you could almost think that looking at the movement again today. I still think GRK simply over-corrected downwards, and is now moving towards more realistic levels. Ohmygod posted an article this morning, can't remember where it was from, but, like always, a critical focus was the market cap. This gives much insight into why GRK is a good side-bet bet if GDY succeeds.

I still hold strong reservations regarding HDR technology, with water consumption poised to become a crucial constraint, but the profits will come long before they get to the bottom of the well and realise it may not be a fully contained system. This is why I hold. Investors are usually greedy, and often equate leverage to quality.

Perhaps if you wait until HDR is demonstrated as viable, you will be buying a stake in a company that will be listed at well over $500M. It may not happen, but the anticipation will.

Just my thoughts, and they are based on the idea that introducing some higher risk exposure to a balanced portfolio has generally postive effects.


Shane75, I wouldn't have been worrried about GRK's cash position. It is overwhelmingly likely that the upcoming fraccing is to make the recource that tiny little bit more bankable before a JV is negotiated or a prospectus is released. They can continue to potter along until a development is announced, and, as such, they are not exactly backed against a wall here.

I agree, a successful REDI application seems likely, and I would bet my money that it will be significant (approaching $5M hopefully). At the current market cap/cash position, it should make a significant difference to the SP, though the recent awarding of $3M to TEY has made no impact it's SP (dissapointingly!).

AMB, it is very interesting how GRK throw around BHP's name, isn't it? Coming back to the article ohmygod posted today, it seems there are assumptions by the wider market that BHP will just obviously award the contract to GRK, due to proximity. People need to be more clear that BHP will award the contract to whoever offers them the cheapest electricity. Capital costs for geothermal are enormous - looking towards the upper regions of $1.5B to scale up beyond 500MW. This is about the figure GRK will be looking at. GDY will be closer to $2B, due to infrastructure costs, but will be offering electricity at roughly half the cost of GRK. The logical choice to supply O.D at this stage would be GDY, especially given the 50+ years economic life of the operation. GRK and BHP in partnership is by no means a given, and, in my view, unlikely.


Roz, you got your good day today, 14c is a very good price for those who have been buying into the dips. I'm just stoked I still have my options, they are set for some fun by the looks of things.

Anyway, have a good day everyone.

cheers