Getech Share Discussion Threads

[workingfromhome] 18/10/2023 08:34

Apologies for the slightly trivial question But does anyone know why the market makers as they did late yesterday keep putting through trades of just 1 share ?

[book5] 17/10/2023 23:02

H2green needs billions of investments, so it needs commitment from the leading industrial groups of this country and support from the Government.

We are a tiny service company that can only act when the phone rings asking for a service for a fee.

So, our H2green project should not have passed the elicitation of requirements stage.

[yump] 17/10/2023 17:46

Sigh! Again, please explain to us all, what would have happened with H2Green, that hasn't happened because of government. As I said, Inverness has millions from the Scottish gov, so what is the problem there ?

I don't recall any announcements from GTC. What were they hoping to achieve ? We just don't know, because it was all just paper plans with nothing specific on exactly how GTC were going to develop asset value. Apart from mentioning 'asset' a lot on the part of Copus.

What were GTC expecting to happen, that has been thwarted by the government ?
I'm interested in facts, I don't give a toss who is in power.

Where does GTC detail the plans and explain how government has messed them up ?

I think GTC may have suffered from unlucky timing, in that the rise in interest rates has made debt and raising money very difficult and/or expensive. (blame Truss if you like, even though they were rising before her October idiocy and continued afterwards).

(Anyone who thinks interest rates would have been nice and friendly without Truss, is living in cloud cuckoo land. Other much bigger things have been happening, haven't they ?)

So any plans to invest in the (virtual ?) H2Green projects, in order to get asset value at some point when the projects developed, will have been scuppered.

I think the comment in the RNS is a complete giveaway and an admission of a mistaken adventure on GTC's part.

[32campomar] 17/10/2023 16:06

To those that blame the company for H2G grinding to a halt, here's an article in the Times which points the finger of blame for the UK falling behind everywhere else squarely at the governments door https://www.thetimes.co.uk/article/why-hydrogen-industry-fears-uk-is-lagging-behind-europe-h890kj00m

[workingfromhome] 17/10/2023 09:56

It seems there is a reason why we haven't seen any buying from the CEO...Looking forward to hearing news soon

[yump] 17/10/2023 09:05

To partly answer the question, this is on the GTC website:

“ The resolution of this (magnetic) dataset is an order of magnitude better than the public domain EMAG2 dataset over most parts of Africa (figure 5) enabling geological mapping and modelling in far greater detail.”

The implication is that GTC add a significant level of detail to publicly available datasets. Clearly that would stay with GTC.

[yump] 17/10/2023 08:56

Book5

Good point about the IP - depends what form it takes I guess.

GTC must own the process, whatever that involves. They also have a massive base of data - that’s not open source.

Presumably there might be an agreement about specific use of data provided for a client if its new and they paid for it.

A straight question for GTC I think.

[pugugly] 17/10/2023 07:10

32cam- U are up early!!

[32campomar] 17/10/2023 07:09

It would seem I wasn't the only one who took advantage of these ridiculous levels yesterday, Stuart Hawthorne now holding 14%

[battlebus2] 17/10/2023 07:04

Stuart Hawthorne over 14% now. He’s confident. 👍

[book5] 16/10/2023 23:33

I am pleased with the Twitt, however:

-Where is the RNS informing us on this three-year project's investment/cost/revenue, opportunities and threads?

-Our current AI program does not sell on its own to locate copper in Europe and needs input from two combined universities and a European field study.

-It is a three-year project; in the end, would we acquire new capabilities that demand a higher price? What about the two universities? Would they become our competitors?

-If the lessons learnt are worthwhile, the consortium will allow us to update the AI model for other projects worldwide.

GTC is a risky company. We may not get anything at the end of the three years, as it happened with the hydrogen.

Ladies and gentlemen, place your bets. A truly AIM company on its knees until an RNS reports we become profitable.

There is hope: we are in an R&D project; finally, I see a feasible objective

Gla

[workingfromhome] 16/10/2023 20:46

In my many years of investing I see the same patterns over and over again.The same people selling here are the same people who buy at the top That's not how to make money, unfortunately some people never learn.

[workingfromhome] 16/10/2023 20:02

3 weeks ago the CEO stated 2 million already taken out of costs Break even by the turn of the year Implication is that any new business will make the company profitable Over 2 million in the bank A property under offer worth 2 million You say the business is going under?Oh and by the way the market capitalisation is 4.5 million You talk nonsense

[battlebus2] 16/10/2023 20:00

Hopefully a bargain at these prices camponar.

Greenman I’d also like to think it will be to our benefit else like you say what’s the point.

[greenman11] 16/10/2023 19:45

Evening book5 from this tweet I would say the benefit for GTC is the incorporation of AI (machine learning)on to our software.
Re the IP one would like to think that GTC would have that otherwise what is the point ?


“ This 👇 3-yr project will bolster
@getech
#MachineLearning capabilities for #Mining by reinterpreting the #permian Kupferschiefer in the Central European Basin using a Mineral Systems Targeting approach to find prospective #copper deposits essential for the #energytransition #GTC”

[book5] 16/10/2023 19:15

So who owns the IP
And how we benefit

[greenman11] 16/10/2023 18:45

From another report
Howard Golden, senior advisor, Critical Minerals at Getech and technical advisor for the CET, said in a news release.

“The process and data from this project can be replicated globally for the exploration of copper and subsurface resources including lithium, potash, phosphates and even gold and naturally occurring hydrogen,” Golden said.

“It’s a potentially revolutionary approach to finding resources.”


BHP Billiton Group: have funded the project not sure on other partners
A$326,850.00



On a side note another holding company set up by Getech on 22nd September

[book5] 16/10/2023 17:48

Who will own the IP produced? Probably the miner.

Is it worth sharing all our global models for very little cash? For sure, there will be unauthorised release of our worldwide models by others. What then?

Where are our clients queuing to get our reports? It appears that for copper, we need others more than they need us.

[32campomar] 16/10/2023 16:53

Bought more today Too good an opportunityIn my opinion

[yump] 16/10/2023 14:55

Yes stick to the knitting and it should be a modestly growing, stable (now diversified from O&G), niche business with good clients and repeat revenues.

[greenman11] 16/10/2023 14:23

Getech working with some big companies on a Copper project First Quantum Minerals, Teck Resources and BHP.

[book5] 16/10/2023 11:56

The only ones to blame are the directors. Some are already gone, and all will go unless they gain more orders soon.

GTC raised cash (other people's money) to gamble it. Directors are not buying shares at this level; this speaks volumes.

We need directors buying and new orders until then; this is a dead mouse in a little cage.

WE ARE A 5 MILLION MARKET CAP COMPANY; HOW CAN YOU BELIEVE WE CAN DO ANYTHING IN THE HYDROGEN FIELD? IT IS NONSENSE.

Do you know that Iberdrola (the Spanish company owner of Scottish Power) has the largest green-hydrogen manufacturing facility in Europe, and it can only produce 20 MW worth of hydrogen? Iberdrola's market cap is $69 BILLION! We will probably need to increase this capacity by more than 1000 times in Europe in the next 20 years, so it is very tiny for the future market needs