2009 better for accumulating than 2008 looks a fair deal done with the driller. They didn/t get cash but got compensated with shares figured at .60 with 4 month hold. Geo gets to clear that debt off books and Tiger likely sees more work in future with Geo.
I plan to continue accumulating . The Share price has started trending upward . It looked to almost get away at above .60 but maybe those who got in at .30 took some short term profits or possibly some selling to keep price
attractive for next financing.Current market cap of 34 Million is good value and it is not too difficult to see an increase
there , given the project is almost assured to continue development progress.
Last year I was buying in at more than twice current price as a long term investment and I continue to hold as long term investment. Project still stands viable on its merits and has moved forward. Strong hands now likely to
see a better return buying in now. Market has shaken off a lot of people and many people are not in a position to
come up with cash to take advantage of current opportunity.
Some of those small trades you will see are my buys , hopefully as share price continues up to a normal price.
When will the money in US dollar green energy funds recognize the value of GEO and the benefit of moving some
USD to capture the currency gain the USD has made recently by buying a CAD denominated geothermal play ?
rgds -steve