Getech Share Discussion Threads

[workingfromhome] 27/10/2023 11:08

How can there not be value with a market cap of 4 million, now break even with cash in the bank, kitson house & 5 million of revenue ?

[bookbroker] 27/10/2023 10:59

If he thinks there is real value, hopefully not go the way of the Welsh hill farmer at Wandisco!

[workingfromhome] 27/10/2023 10:51

Strikes me as being a really astute investor

[yump] 27/10/2023 10:05

Book5

Whatever anyone asks you anything you change your angle and mix up the points they and you are trying to make.

Go into politics.

Filtered.

[battlebus2] 27/10/2023 09:32

Stuart up to 15% now. 👍

[playful] 20/10/2023 10:53

Gateshead, UK mine water geothermal heating scheme hailed a success

[32campomar] 19/10/2023 23:28

Absolute load of tripe

[32campomar] 19/10/2023 23:28

I despair too !

[book5] 19/10/2023 23:10

PUGUGLY19 Oct '23 - 20:49 - 2923 of 2928

You are right
Big clients are not interested in any of the data we have because it is not accurate enough.
Our data come from desk searching: Britannia encyclopedia, Google, and releases to the stock exchanges by mining and oil companies.

[book5] 19/10/2023 22:46

What we have is a process/framework and know-how. Big companies subcontract us to what they already know how to do alone. Other companies can do what we offer, . Margins seem very low for GTC fixed costs, and we are struggling.

Our software is not a satellite x-ray machine that sees 3000 km below the surface, and through artificial intelligence, we CAN FIND as many EL DORADOs as we want, let's say one each afternoon and by ITSELF!

If it goes to zero, it does not matter what our averages are.

[book5] 19/10/2023 22:46

Bcs GTC cant

[pugugly] 19/10/2023 22:17

Agreed they have them as clients but fees are very small change to the clients. So how do they ramp up the fees?

[battlebus2] 19/10/2023 22:14

I despair 😔

[32campomar] 19/10/2023 21:06

They already have BP, Shell & Chevron as clients to name just a few, if they already had the data then they wouldn't be clients !

[pugugly] 19/10/2023 20:49

I suspect that Big Oil and Big Mine already have far more data than GTC have ever had or will ever have. Could this be the reason that their revenues are not higher?

[32campomar] 19/10/2023 20:30

Market cap of 4.3 million If I was a big oil or mineral explorer I'd be tempted to buy it. Loose change to them, and give them a huge advantage over their competitors

[book5] 19/10/2023 16:47

The software provides a framework to help engineers do their work, just like a checklist and sells relatively well because it is cheap, and many new starter engineers need a guiding friendly software.
GCT is trying to improve it.
The word AI is just spin.
I agree the software has value.
I disagree that the worldwide models have any value.

[32campomar] 19/10/2023 16:06

Don't blame you

[playful] 19/10/2023 16:03

book5> Filtered

[book5] 19/10/2023 15:57

Sorry, I appreciate your effort, thanks.
However, that presentation is pointless unless good annual result numbers back it up. Do you agree?
The software is so cheap that the companies buy it in case it helps.

[playful] 19/10/2023 15:41

Did you appreciate that explanation?

[book5] 19/10/2023 15:36

What is your understanding of what “ directors believe” means?

Why, then, do we need to go hand in hand with two universities and a mining company to increase our know-how?

Are the “directors believe” synonymous with “we hope”?

We are in R&D phase, the results on two years.

[playful] 19/10/2023 15:17

Perhaps the video and explanation below can help you understand:



Magnetic data can be mapped to show small variations in the Earth’s magnetic field. These maps can then be analysed to show the location and depth of geological structures such as faults, rock boundaries and volcanics.

Gravity data is similar to magnetic data, except that it is used for mapping the variation of the gravity field of the Earth. Variations in the Earth’s gravitational pull arise from changes in the density of rocks.

The gravity field allows three-dimensional analysis of geological structures at depth. For example the gravitational field increases over anticlines (arch folds in rocks) and decreases over the top of salt domes (a plug of salt).

This information, together with other data, contributes to the evaluation of the mineral and hydrocarbon potential of a region.

GETECH licenses its magnetic and gravity datasets and interpretation reports to oil, gas and mining companies who are able to generate an image of the sub-surface geology over a potential exploration area. The Directors believe this benefits the oil, gas and mining companies by adding a greater degree of certainty before more expensive seismic exploration and drilling operations are undertaken.

[book5] 19/10/2023 14:59

Yump
Check any mining stock
They must release ALL price-sensitive info coming from their exploration activities
So Gtc has probably read the information that mining companies release to the stock exchanges.
Pls ask GTC ITS SOURCES