Getech Grp Share Price (GTC)

Need funding lol

Not that they don't want to do them, but they require significant funding, so unless they're able to unlock external funding from partners, they won't progress. Only 10% of H2 projects currently reach FID

The only thing i can see that would really grow the mcap here is success in a hydogen project but getech dont really seem to be wanting to do them???

I like this:

"Getech’s valuation has come down in recent years, mirroring the trend in the oil and gas sector, since we were heavily focused on this sector. This means that now is a good time to make an investment in the company, buying at a very low share price and at an inflection point as we have already gone through the pains of redeveloping our services and making them applicable to the energy transition. In 2022, 66% of our revenue came from the O&G sector, and the rest is from minerals and geothermal. My goal is to increase our business from green industries and bring the ratio to least 50% - this would place us under the Green Economy Mark, which recognizes London-listed companies deriving half or more of their revenues from products contributing to the green economy."

Https://www.gbreports.com/interview/richard-bennett

"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"

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.