Ann: Update on Joint Ventures in Chile and Peru , page-20

re: Ann: Update on Joint Ventures in Chile an... geothermal stocks are notorious for sp fluctuations as we aussies are still trying to get a grip on this industry. Those that jumped in when EDC ann its jv with us have now buggered off and taken out their small profits. Fundamentally nothing has changed except for 1 tenement that we now run 100% with our own money. Great piggy back on 3 others and gov grants coming up in aus that can help get Koroit off the ground. I see Geothermals as longterm plays so these fluctuations do not bother me all that much. If EDC reneged on all 4 projects, I would have concerns. Still no need for CR in short term and happy to playing with hot rocks in Chile.

Happy to accumulate if sp goes any lower