Star Energy Share Price (STAR)

EU looks to geothermal in drive for energy security, document shows - https://www.reuters.com/business/energy/eu-looks-geothermal-drive-energy-security-document-shows-2024-12-09/?utm_source=Sailthru&utm_medium=Newsletter&utm_campaign=Power-Up&utm_term=120924&lctg=6151ba10416949643775968f

As far as we are aware the cash will be sitting on the balance sheet for now. Most likely to be utilised to fund deep geo projects. Mcap back down to around the cash level. This stock is like the antithesis of a meme stock which is a good enough reason for me to stay invested. Surely this company will find a route to turn a proven low cost low carbon energy source into a profitable business. The big attraction for me here has always been that this is a penny stock which is unlikely to dilute as it's aspirations are being funded by it's core hydrocarbon business.

What have down with the 6 million pounds they sold for land?

This is a solid pragmatically run company with a good balance sheet. If only they could capitalise on a positive RNS with a bit of vision in how they will turn their deep geothermal strategy into some form of return. The potential is good and the risk is low, but they need to comunicate more effectively.

SP still showing 8.32 even though the bid is 9 and ask 9.5!!

So should be showing up by about 10%, which then hould get the herd arriving.