Looks bad. Worse than bad. EDC is not interested, and they want their $400k back. HRL doesn't have it and have to sell anything or everything to anyone interested. Basically HRL is selling the company. So far, no-one is interested. How much is it all worth? Well EDC don't want to develop it. If the biggest and best in the business aren't interested, who else would take it on? How much is it worth - probably nothing.
HRL will be out of the geothermal business end of Oct. Perhaps they'll re-invent themselves; maybe as a tight shale gas explorer in Alaska?
You've got to wonder about that buy order at 0.006. I mean - why? It looks like a gift to sell into if you ask me.
And I came soooooo close to buying in. When HRL was soaring on those multi-baggers I was kicking myself for not being on board.
Geothermal - dog Sector of the decade.
Sorry to be so downbeat. Need a good earner for a change.
Best of luck KK. Have to admit - you're an optimist.
HRL Price at posting:
0.5¢ Sentiment: None Disclosure: Not Held
