Getech Share Discussion Threads

[32campomar] 06/9/2023 12:30

Keep the champagne on hold our time will come it's a secret the market can only ignore for so long ?

[playful] 06/9/2023 12:28

I’m celebrating with a marmalade sandwich 😋

[32campomar] 06/9/2023 12:25

https://twitter.com/getechplc/status/1699366427990372470?s=46

[32campomar] 06/9/2023 12:23

Another big vote vote of confidence, they are a well known Japanese company capitalised at $600 million on the Tokyo stock exchange. Another addition to the impressive list of global customers

[playful] 06/9/2023 12:06

Getech assists Nittetsu Mining in Copper Exploration in Peru

Richard Bennett, Getech Executive Chairman, commented:
“We are pleased with the outcome of this collaboration. This technically demanding project demonstrates the power of our data and expertise to de-risk mineral exploration in any part of the world. The new approach towards identifying geological settings not only allows us to locate minerals in new search spaces but also to do so cost-efficiently.”

Shinichiro Mita, General Manager at Nittetsu Mining, said:
“Working with Getech, we have delved into an innovative approach towards mineral discovery. Getech’s solution for locating IOCG significantly informed our investment decision to join the Los Chapitos copper exploration project and commit C$10.1 million over three years.”

[greenman11] 05/9/2023 08:38

Book5
You ask if the technology works we know it works for oil/gas etc what about Helium?
From an RNS from HE1 they “partneredR21; with them to find Helium as we speak they are drilling and expect to spud next couple of weeks the suggested reserves are $1.4b
From RNS
“ Helium One have partnered with leading global gravity and magnetic geophysical specialists Getech in completing a 3D inversion study of high resolution Falcon AGG and aero-magnetic data over the Balangida Rift Basin, north-west Tanzania.”

[book5] 05/9/2023 07:59

Directors frequently lie during presentations, emails, and conversations.
A rns is more reliable, but only to a point.
Results are usually a truthful representation.
When directors buy shares, they are not only telling but also taking similar risks to ours.

Like many others, a local green company in the making attracted me, yet only some companies will succeed. I did not overstretch myself in this one.

[battlebus2] 05/9/2023 07:48

What research did you do before investing and what made you then buy the stock?

[32campomar] 05/9/2023 07:47

I think I have been very patient in answering your repeated questions over the last few weeks.I just find it very frustrating that we have a CEO that is very approachable, easily contactable and who I am sure would put your mind at rest. But you chose to continue to repeat the same old stuff.As battlebus says why don't you just sell rather than continue to talk the company down?

[book5] 05/9/2023 07:35

you are not answering my questions, are you?

we need to wait for the results to be published

[32campomar] 05/9/2023 07:29

As I said before speak to the company you keep repeating the same old (wrong) stuff when the answers are easily obtainable.Do you want the contact details again ? Cos if you are a serious investor then surely you would want to get hold of the facts ?

[book5] 05/9/2023 07:28

we may be lucky
but to suggest the business is good is totally wrong and misleading to new investors
it is a gamble, with low changes of success

[battlebus2] 05/9/2023 07:26

Book you’re talking your own book. Why the negative post after negative post? Why don’t you sell up now before the shares hit your target of 5p as you will save nearly 40% of your capital. To suggest their technology doesn’t work is absurd. If that was the case they’d have been found out long ago. I accept it’s a very tough period for the company but the core business is in a good position and with any momentum we will do very nicely over the mid term.

[book5] 05/9/2023 07:21

You do not know the margins

That rns does not say when the break-even is expected.

You know the trend, and the directors should commit their money to buy shares in the company at these prices.

[32campomar] 05/9/2023 07:19

But that's just not the case.

[book5] 05/9/2023 07:17

contractual wins may mean larger losses if the margins dont cover costs

[32campomar] 05/9/2023 07:06

Completely wrong. Maybe Read the last RNS on new contract wins. Break even expected in the next financial period.

[book5] 05/9/2023 05:59

We know the broker’s projected loss of 4p per share. However, the actual losses could be more extensive and never generate a profit, hence the share price performance.
The graphic indicates that recovering to previous highs is unlikely in the medium term and that the pain will continue.
The root cause may be that our technology / IP does not work / not sell well enough.
Gla, we truly need it.

[32campomar] 04/9/2023 18:51

I don't see it quite like that. I believe once we have clarification on H2G & what I believe will be a positive update, any day now, then the hope is the stake will be taken on by one of more large investors. 1 million shares is now only 80K after all. As you will have gathered I am very optimistic about Getech's future and I am convinced that in a matter of months we will look back at 8p (5 million cap) as being a fabulous opportunity. I just wish it was my starting point !

[pugugly] 04/9/2023 18:44

32campomar:- Thanks for clarification - So if figures correct some 2 million to go. So 40 trading days at 50K a pop -

[32campomar] 04/9/2023 18:08

Hi Pugugly,As I understand it yes it's the Paris based Fortune fund that is closing. It's very frustrating but there we are. As regards the broker forecasts, the CEO in their presentation was confident that he would get to break even. I imagine the plans for H2G are central to this. I expect a sharp revision for the better going forward in broker forecasts.

[pugugly] 04/9/2023 17:41

32campomar - Do we know which one?

Is that FCPI FORTUNE EUROPE 2016-2017 of Paris, France who had some 3.97% (2 668 512 shares) on 23rd Feb with the company notified on 28th Feb. (see rns)?

If so the holders advice on the website as at 31 March 2023:(Table and link below for checking) does not compute.
So far as I can see there has only been 1 holdings rns since 31st March, that of 11 August 2023 where FCPI FORTUNE EUROPE 2016-2017 of Paris, France advised that their holding had reduced from 3.97% to 2.98% or 2 008 512 shares.

AS AT 31st March
Amati Global Investors 11.5%
Premier Miton Investors 7.2%
BGF Investments 6.0%
Rathbone Investment Mgt.5.6%
Alto Invest 4.9%
Dowgate Capital 4.1%

Confused..

[32campomar] 04/9/2023 17:05

As has been covered on here numerous times the fund is closing at the end of this year and has been steadily selling the holding.

[pugugly] 04/9/2023 17:03

But why is the seller selling?
Have they done deep DD and concluded company will continue making losses? Possibly in line with the brokers research.
or if a Fund, coy no longer meets investment criteria? So they a a forced seller.
or if Private investors just salvaging what they can before coy could be taken private.
If taken private look as the costs that could be saved.
or some other unknown (reason)??

[battlebus2] 04/9/2023 16:45

We have a seller who is depressing the share price.