Getech Share Discussion Threads

[mikejoseph] 21/6/2024 09:24

I totally agree with 32campomar:

"If they needed to raise they should have just done it months ago when they knew they might have to. Instead after the statement the whole world now know they have no money & will be seeking a placing. Which will no doubt be at a steep discount to where we are now!"

The problem here is that their nomad/broker will be able to raise more money at a lower share price and get more commission because they are incentivised by the size of the raise and not the share price...

Currently fundraising discounts are fierce.

We will also see the inevitable issuing of new options and repricing of the old options.

Mike

[book5] 21/6/2024 09:22

On the positive side, it is good the company is not hiding the facts.
It is time to call clients, beg for new contracts, and reduce unprofitable headcount to avoid raising new cash.
Pray if you know how.

[bookbroker] 21/6/2024 09:10

Problem is it took five years to sell part of that asset, and if you go up there to see what is remaining it is not exactly an ideal spot except for a bit of birdwatching on the edge of Roundhay Park. As for having money they are barely cash flow positive, that will soon be gone.

[zen12] 21/6/2024 09:05

They do have money and asset for sale....stop deramping lolCash at bank £0.4 million (2022: £4.3 million)· Kitson House sold for £0.65 million in January 2024, Nicholson House remains an asset for sale valued at £0.85 million

[bookbroker] 21/6/2024 08:47

H2Green was an unmitigated disaster, Copus duped into the hydrogen energy being the golden egg. The two bandits who set that company laughing at every shareholder in this company. This will go under without a shadow of doubt, no money, no scale, and a high cost base!

[big7ime] 21/6/2024 08:19

Nobody should be surprised that they have no money!

[32campomar] 21/6/2024 08:12

What a shi* show If they needed to raise they should have just done it months ago when they knew they might have toInstead after the statement the whole world now know they have no money & will be seeking a placing. Which will no doubt be at a steep discount to where we are now !

[pugugly] 21/6/2024 07:40

Market cap down to £3M -Would be financially useful to take private but might well then drop off potential clients radar. Hummmmmmmmmmm.

[book5] 20/6/2024 09:54

New debt would be acceptable if the business were profitable.

The problem is that the market needs to believe CGH has a worthy technology.

Wall Street and the City are full of cash and looking for where to invest.

Directors' presentations are poor.

[weyweyumfozo] 17/5/2024 08:09

Breaking out - hopefully it will be confirmed.

[hastings] 16/5/2024 13:01

The 200k buy is very interesting!

[book5] 16/5/2024 11:40

Looking good

[32campomar] 16/5/2024 11:17

Nice £20K buySomeone quietly building a position here in recent days

[chrisdgb] 14/5/2024 13:11

looks like a multi bagger in the making, even on half that rating.........thanks

[32campomar] 14/5/2024 12:56

Sorry link here https://www.londonstockexchange.com/news-article/market-news/recommended-cash-acquisition/16469319Based on that valuation of ARR, GTC would be valued at approx 45 million or 70p a share !

[32campomar] 14/5/2024 12:53

Really interesting development today highlighted on twitter by our CEO below Sad to see IQGeo leave #AIM, but awesome to see a valuation multiple of 14.9x ARR for a company similar to #GTC. @GETECHplc has an ARR of £2.9m and is driving value from applying AI to it's geoscience data and geospatial skills ?londonstockexchange.com/news-article/m...

[book5] 29/4/2024 17:21

There is a likely paradigm shift in the viability of CO2 capture projects using solid oxide power cells.
Demand for GTC services in the UK
should increase

[book5] 29/4/2024 14:21

Hopefully, Gtc will benefit from this fund.

[book5] 29/4/2024 14:19

UK to open $19.5 million investment fund in Kyrgyzstan

Great Britain will open an investment fund in Kyrgyzstan with a capital of $19.5 million. British Ambassador to the Kyrgyz Republic Nicholas Bowler told at a meeting with journalists.

He invited journalists to the meeting to comment on the recent visit of UK Secretary of State for Foreign, Commonwealth and Development Affairs David Cameron to the republic.

David Cameron during his visit promised to increase funding for education, business support and investment.

RELATED NEWS
President of Kyrgyzstan meets with British Foreign Secretary
The Ambassador explained that the UK will increase quotas for Kyrgyzstanis to study at its universities and provide English language textbooks for the country’s schools.
In addition to establishing the investment fund, he said, assistance will be provided to improve conditions for British investors. The task of the investment fund will be to support small and medium-sized businesses and women’s entrepreneurship.

Nicholas Bowler said that an agreement has been reached with the Cabinet of Ministers on the construction by a British company of a plant for the production of building fabric in Osh.

Great Britain is interested in the extraction of minerals. British geologists will soon begin work here on digitalizing geological data.

Nicholas Bowler

[playful] 25/4/2024 08:37

In his latest interview, CEO Richard Bennett discusses how leveraging our extensive geoscience data and AI capabilities enables us to locate subsurface resources essential for the energy transition. Dive into the full interview to also learn about new search spaces and risk/reward strategy in the minerals exploration:

[32campomar] 23/4/2024 06:54

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 06:44

East Star has announced a maiden resource today.

[rivaldo] 23/4/2024 06:32

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.