Hi GHT holders, I was recently enlightened as to the amount of shares GHT has on issue, 33 million meaning a market cap of around 60 million. I dont have enough knowledge on GHT to comment on why they would be significantly higher valued than GRK (25 mill market cap), so bare in mind my reasoning would is flawed. However imo GHT seems to be in the same position as GRK, GHT has drilled holes testing the temp getting gradients, etc, however this is not enough in my opinion to count for the huge difference in value (32 million!!!) as these holes are only 500m deep, and GRK has access to deeper holes (from BHP) that should have similar readings to the holes they drill when they get a rig. As well as this they seem to be in very similar positions in regards to the fact they both (GRK and GHT) are strategically positioned close to powergrids and infrastructure. As far as im concerned GRK Is in a better position management wise than GHT (a lot more experience), and also the relationship with BHP only adds to positive sentiment. So what is it that GHT has that GRK doesnt?! With this reasoning it we should see GRK shoot up to a similar valuation, which would place the share price in the 0.40's. I have put this post here as well as the GRK thread as I am genuinely curious to see if this difference can be explained, thanks guys... hopefully we will all be raking it in from geothermals this year, take care, Alex
GHT Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held