Getech Share Discussion Threads

[32campomar] 23/4/2024 07:54

Yes, what a great company to be involved with. Don't forget we will have a 5% equity share in one of their other projects

[langland] 23/4/2024 07:44

East Star has announced a maiden resource today.

[rivaldo] 23/4/2024 07:32

Excellent news, particularly being the first use of Globe to locate porphyry copper.

Hopefully this will lead to further contracts from the rest of the six participants in the BHP Xplor 2024 accelerator programme - GTC have already obtained work from Asian Battery Minerals, who are another participant.

[32campomar] 23/4/2024 07:07

Getech, a world-leading locator of subsurface resources, is pleased to announce it has won a new contract with East Star Resources, a London-listed company focused on copper exploration, to locate porphyry copper deposits in Kazakhstan. The project is backed by the BHP Xplor 2024 accelerator programme and is the first time Getech's Globe geoscience platform will be used to locate porphyry copper.https://getech.com/news/getech-engaged-by-east-star-resources-to-locate-porphyry-copper-in-kazakhstan/

[32campomar] 16/4/2024 09:23

I agree that they are a sitting duck to be taken over, at a market cap of under 6 million it's loose change to these multinationals

[hastings] 16/4/2024 09:11

I agree 32campomar. When I spoke with him recently he was adamant that they didn't want to find themselves in the same position as last year and I believe he's very much turning this around. On that basis, happy to take the broker forecasts as realistic and deliverable which suggests the shares are cheap at or around these levels. Next years EPS expectation of 1.5p implies a forward PER of under 6, so further contract news and a continuation of the strong start to 2024 should eventually translate into a rerating.Quite possible though, (imo) that it could be yet another company that succumbs to being acquired!

[book5] 16/4/2024 08:30

I hope you are right
If so, it should go up

[32campomar] 16/4/2024 08:04

It's a shame the shares responded in that way, because Richard Bennett has really turned this round since the turn of the year with new customers , increased revenue and with the cost cutting we are now in profit.

[yump] 15/4/2024 20:05

Clearly the contract revenue over 3 years has left someone unimpressed !

[32campomar] 15/4/2024 07:43

Really liking the 5% equity interest model - could prove to be very lucrative - as well as the revenue element

[playful] 15/4/2024 07:27

Richard is doing a great job here.

[32campomar] 15/4/2024 07:11

What a great start to the year, Going from strength to strength !!15 April 2024Getech Group plc("Getech" or the "Company")Announcement of Joint Natural Hydrogen Exploration Agreementand Two Further Natural Hydrogen Exploration Contracts Getech, a world-leading locator of subsurface resources, is pleased to announce three separate contract wins related to the exploration of natural hydrogen (also known as 'geologic' or 'white' hydrogen). The first is a strategic joint venture exploration agreement with a new customer partner, while two additional contracts have been secured with existing exploration clients.All three contracts are aimed at locating natural hydrogen resources for commercial development and demonstrate that the Company is at the forefront of this exciting new subsurface energy transition opportunity. Combined, the three transactions are expected to generate £390k of revenue over 3 years, with additional potential upside.The joint exploration agreement is with a major European headquartered global industrial and energy company and aims to locate and develop economic natural hydrogen accumulations. In addition to earning fees for its exploration services, under the terms of the contract agreement, Getech will also earn 5% equity interest in any licenses obtained within a designated area and will be 'carried' through the exploration phase, including field sampling, exploration drilling and well-testing.Over the course of the multi-year programme, Getech will apply its proprietary and industry-leading natural hydrogen location solution. This begins with understanding and modelling the geologic conditions known to produce natural hydrogen. Getech is uniquely placed to do this using its exclusive global geological and geophysical dataset which it has compiled over 30 years and used successfully for decades in other natural resource sectors. Getech will then deploy proprietary machine learning algorithms to find 'digital signature' matches in its data to predict the location of new natural hydrogen accumulations. Once natural hydrogen source rocks have been identified, Getech will use extensive experience gained from the oil and gas industry to predict the migration and trapping of hydrogen through the earth to identify subsurface reservoirs where hydrogen may have accumulated. This will be followed by verifying or 'ground truthing' these results in the field. The new customer partner will then take the lead in subsequent exploration drilling and development activities.The two additional contracts are with existing exploration clients to screen for natural hydrogen and hydrogen storage projects in Eastern Europe and the USA. The projects will again use Getech's Globe geoscience platform, geophysical data and AI technology to locate areas with the geologic conditions to produce natural hydrogen.Richard Bennett, CEO of Getech, commented:"These transactions build on a good start to the current financial year and of course, further expand our expertise in helping our customers seek out natural hydrogen. We are also delighted to have signed another equity joint venture agreement with a leading energy company, supporting its search for this new but potentially game changing resource and sharing in the upside, if we are successful."

[chrisdgb] 04/4/2024 15:25

Thanks, seems to be plenty going on.......!

[32campomar] 03/4/2024 12:52

Great write up thanks Martin I Like this bit 'they are now receiving substantial interest in the using of their tech for the exploration of white hydrogen'Very cheap

[hastings] 03/4/2024 12:23

Write up for interest, following my catch up with Richard Bennett.https://martinflitton1.wixsite.com/privatepunter/post/getech-could-prove-well-placed-for-growth-03-04-24

[32campomar] 03/4/2024 09:24

Our collaboration could prove to be very valuable!

[playful] 03/4/2024 09:15

Great to see East Star Resources doing well today.

[book5] 02/4/2024 08:53

That is our market

[32campomar] 31/3/2024 16:29

Excellent article

[playful] 31/3/2024 14:49

We are featured in today's telegraph...

Getech, a London-listed tech company, is collating data from across Britain and has pinpointed potential hydrogen-bearing rocks in parts of the British Isles too.

The deposits lie in a belt across Scotland stretching roughly from Greenock in the west to Aberdeen on the north east coast. There are others on Shetland, the Lizard peninsula in Cornwall and near Omagh in Northern Ireland.

Chris Jepps, chief operating officer of Getech, said: “This is an embryonic industry right now. So it’s too early to say much but it’s also very exciting. There’s some evidence it could be as big a market as oil and gas.”

[playful] 27/3/2024 09:23

A global gold rush for buried hydrogen is underway — as hype builds over its clean energy potential

[32campomar] 26/3/2024 08:03

Another partnership, this time with American stock exchange listed Exprohttps://getech.com/news/getech-and-expro-partner-to-advance-sustainable-energy-solutions/

[hastings] 21/3/2024 10:31

It has been a while and apologies in order, but I try and prioritise calls and comments/thoughts within the time limits. Hopefully GTC has turned an important corner at last and I'll attempt to be more proactive!

[32campomar] 21/3/2024 09:58

Nice to hear from you & that you still have an interest here, it's been a while !

[playful] 21/3/2024 09:50

Thanks Martin, I look forward to reading this.