I bet Burns has his eye on these licences. His background in oil makes this the perfect opportunity - that is, if he believes there's a dollar in it. They have been hinting at something new on the horizon and one article in The Australian hinted at geothermal.
http://www.abc.net.au/news/stories/2008/01/23/2144456.htm
As for the recent share price action - When the broader market peaked on 1st November, CNM closed at 18 cents. Even yesterday it closed at 20.5 cents. That's after the broader market had declined by 24%! That's an incredible effort and shows huge support. Sure, a lot of people got beaten up in the interim, but nothing that a CETO announcent won't fix!
CNM
carnegie corporation limited
wa geothermal exploration
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