Market's view on Getech Grp
Published on April 2024
- CEO Richard Bennett highlights the use of geoscience data and AI in locating subsurface resources, discussing new search areas and the risk/reward strategy in mineral exploration.
- East Star Resources declares a maiden resource.
- Getech wins a new contract with East Star Resources for porphyry copper exploration in Kazakhstan, using Globe geoscience platform for the first time in this context.
- Stock watchers express concerns about Getech’s vulnerability to a takeover, citing a low market capitalisation.
- Positive transformations by CEO Richard Bennett are noted, including new customers, increased revenue, and significant cost reductions leading to profit.
- Getech announces three new contracts related to natural hydrogen exploration, including a joint venture that could generate significant revenue and offer equity interest.
- There are observations on the growing interest in using Getech’s technology for white hydrogen exploration.
- Getech is featured in an article discussing potential hydrogen-bearing rocks across Britain, indicating its involvement in a nascent industry with significant market potential.
- The company secures another partnership, this time with Expro, to advance sustainable energy solutions.
- General positive sentiment about the company’s direction and strategic partnerships, despite some setbacks in stock performance following contract announcements.