"Final heat flows recorded from diamond drill holes Balrog #1 and Gandalf #1 were 95 and 85mW/m2 respectively, with modelled temperatures up to 234°C at 5000m."
These results are particularly encouraging when considering the intended targets of some of the other ASX-listed GEO stocks. The accumulation is strong, but does anyone else feel that TEY is reaching a disparity in valuation with the rest of the pack? I'm going to continue to hold regardless (my third largest geothermal holding is TEY/O), though wonder if now is an appropriate time to buy more.
I expect that TEY is a participant in the recently formed geothermal syndicate. This could explain some of the hike, though you wonder why other participants in the syndicate are not experiencing similar SP rises.
TEY Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
