Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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Only time will tell.
I expect it to move up considerably in the short term as things start to progress. Atb.
I hope. For best of us all, who gave our money to the company. I do. Many thanks! :)
Just imagine, geothermal news the price would rocket back over £1 in a flash
You make my day, posters.
Sure. Massive run. 0.13-
Almost Zero interest. Woha! Whom do you throw sand into?
The new website is excellent and it shows that we mean business,
Geothermal is the future to generate heating and electricity. So as I see it we are gearing up to deliver what we’ve committed to do with SSE and star work.
This is a mass opportunity for the company and a mass opportunity for us shareholders to buy as many shares as you can afford and enjoy the potential increasing wealth this company could bring.
Exciting year ahead I believe. Atb.
Wow that sounds fantastic ! Looks like we are finally about to go on a major run
Excellent, soon be back above £100p again imo. This is the share to be in this year and beyond. I can understand why the like’s of Doug Fleming are joining us, Gla.
So G.T Energy is the new Geo thermal Igas working with energy suppliers such as S.S.E
This share is going to explode upwards any time
Trades 97
Vol. Sold 355,049
Sold Value £55,338.11
Vol. Bought 716,971
Bought Value £113,024.74
BUY/SELL 2:1
Isn’t it obvious what’s going on here .. the smart ones are loading up on the cheap while they can before the inevitable sp bounce
Time it’s started to move up towards it’s true value as I agree it’s very undervalued. A lot of news flow to come this year.
Glad we have Doug Fleming on board. He’ll turn this sp around.
The new Non-executive Director Doug Fleming looks promising.
https://www.crunchbase.com/organization/siccar-point-energy/people
He helped found siccar , they got to 9000boed and that got sold in 2021 for $1.1bn (cash worth$1.19bn now)+11 payments totaling $360m.
https://www.igasplc.com/about-us/board-of-directors/doug-fleming
https://www.morningstar.com/news/dow-jones/202204079585/ithaca-energy-buys-siccar-point-energy-for-11-billion-up-to-360min-contingent-payments
Let's try a little exercise, comparing Igas with siccar:
Don't know the time period though for that $360m, so don't know the discount to apply.
Assuming it's $32.72m monthly, and 10% discount over 1yr gives:
sum=32.72*(1+(1-0.0083)+(1-0.0083)^2+...(1-0.0083)^10)=32.72*(1-0.99167^11)/(1-0.99167)~32.72*10.55~$345.29m in 2021 dollars (~372.13 in 2022)
In this case it may be really worth 1.19+ 0.37= $1.56bn in 2022 dollars.
So, if Igas is at 2000boed then with a naive calculation(assume same average oil price),
Igas could be worth up to (2/9)*$1.56bn~$0.347bn~£286m.
If this pleasant gentleman Doug can raise investment in the same way, the sp of this could sky-rocket to over 200p instead of just 20p , but this would be provided no more stock was issued..
However, if they knew the value would multibag then they wouldn't need to issue much stock.
Let me know below if this is all a load of rubbish, or something worth considering.
I'd keep on posting as I would say that you are probably the only knowledgeable one who can add value here
Keep it up and ignore the slant
This will be a winner !
*don't care alot about that*
Anyway, I see many people post links to sites that they may or may not be affiliated to.
These are source links. Mine are also. I could just cite posts in this forum that I had done before,
but that would be a headache for readers of my comments and for me to find citations.
Unfortunately, there's no good system to cite comments on this platform.
The rules 5 i & 5 j do not apply to my comments.
No spam or affiliate links from me. I hate that.
My followers are growing, but I don't alot about that.
As far as I can tell, relatively few are from this site.
I am posting source information for shareholders,
to establish that this stock is worth something.
I just happen to be, or to be interacting with a source.
That's why you are here too, whether it's more or less.
I can report you for "other" and just make something up, but that would be an abuse of the reporting system.
Can you stop posting links to your tw account? I doubt you'll get anymore followers, in any case, you can be reported and banned from here
Call out the wasteful "carbon intensive" policy of filling in old wells!
https://twitter.com/PasajeroToro/status/1610638027495444480?s=20&t=P6XMTHSVIup7CBJhQkLj6Q
If people can heat their homes, replacing all gas use, by utilising ground source heating with a heat exchanger system, then what can be done 3-8km down ? It's only a matter of how the heat is harvested and insulated on it's way back to the surface.
I figure that they could , even at 3km , capture useful thermal energy output equivalent to the oil production from an oil well.
Lots of upside potential from utilising wells the govt wanted to decommission.
If they support geothermal, they will be pushed over in court ,
for contradicting themselves on net zero and "the science" by being against well reuse.
The guy even pointed it out on a chart.
Current sp range vs around 60p price target. Others say 85p.
In the greater context of factors like lawsuits & liabilities becoming assets,
the sp range we are in right now is essentially nothing. Very very cheap.
Sitting here whilst it’s going down. Should have gone back to what lost me all my money Argo!
https://twitter.com/OilGasTracker/status/1610608570730483715?s=20&t=ghKNPB6lAtjTmW2BRtf2kw
Got a response. I ask him what about the lawsuit and liabilities that become geothermal assets?