nocygnet specialize in finding projects for underperforming...

no

cygnet specialize in finding projects for underperforming companies to enhance their portfolio of assets.

they usually find a bunch of opportunities for the board to do DD on, then once the board settle on a compatible project, cygnet do a cap raise to finance the acquisition and then reward themselves with cheap shares and options

in this instance, the company is currently sitting on assets that are out of favour with the larger market, making it difficult for them to find funding in order to advance the projects.

an appropriate project that might suplement their assets and also attract investors/appreciate the shareprice could be many things. perhaps some further advanced geothermal assets in countries which are already operational?

then again, perhaps they have given up on geothermal ever getting off the ground in our lifetime, and are looking at more conventional energy resources?

at the end of the day, you have here a very experienced board, a very small market cap, and some very well connected people. the possibilities are broad