As far as I know AWE is not a shareholder in GRK
It seems that AWE will expend way more than $2M on what has already been shown on the east coast as being a very tricky area -- where is the geothermal power station from GDYs expenditures
GDY : current mkt cap $43M
after hundreds of millions of contributions
Still have not got a tiny 1MWe plant running
The best geothermal plants are in NZ where they have active volcanoes
Anyone seen any active volcanoes in the perth basin ?
Will AWE get EPs over the GEPs just in case there are HCs there ? That might be the prize but another company could jump them as its seems a GEP and an EP can exist together ?
"opportunistic" or Foolish -- time will tell.
Just when you thought AWE has settled down and adopted a "basics" approach they go and surprise us again
The market didnt like it much - AWE Down and GRK UP
GRK is on a winner you would think - one of the shareholders listed is "Deck Chair Holdings Pty Ltd"
See their last Annual report - the Top20 makes interesting reading
Cheers
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