From my position GRK stocks should be a great company to invest in as this company has a got going from it.
- It's on the front line of developments in the energy field - had secured large development concessions - are willing and is able to partner with likeminded companies (even competitors) - (very important) have government financial backing - deals with new but not untested technology - would be able to tap into the energy market relative easy with a willing and able customer.
What GRK currently miss is knowing where to drill the holes to prove there technology (latest indications are that they are getting there) and winning over sceptics that the technology will work (hopefully the government backing they are getting though there partnerships will resolve this).
From what I have seen GRK can only improve and that the current share price does not reflect the real potential of this company.
Would I invest in GRK? - There is an element of gamble when investing in GRK as they may not find the perfect geothermal holes to tap into. I do however believe that they are not running blind and will be able to solve the technical issues. - Will they find the cash to prove there technology? I do believe that with the government backing and with some backing from private investors they will cross this line. - Will they find the money to develop the energy fields? I do believe that once they have resolved the above mentioned issues the investors will queue-up to invest.
Thus the answer to would I invest in GRK the short answer is Yes but with caution due to possible technical risk.
I do believe that the GRK share is undervalued and only have upside potential. I'll invest knowing that I will have to be patient to realise a return. I also know that when that returns come that they will be generous.
GRK Price at posting:
0.2¢ Sentiment: Buy Disclosure: Held