Your posts add nothing to this board, you just sound pitifully desperate.
The more you spin your useless pumping the lower the price goes.
Please do keep it up.
You just don't get it do you. There will be no new revenue from Guatemala for 4-5 years and from Geysers from 3-5 years if they have to build a new plant, 2-3 years if just selling steam. Financing for either project will dilute by minimum 30%. Why would they share price double?. Please be realistic here.
Hey your right.
After 24 years they will have paid off all there debt.
UNLESS, they plan to build any more plants and borrow more money. Oh but yes that is there plan. That means they will constantly be in debt.
Talk about mindless pumping.
True colours=$269k in cash generated in 9 months!!. That will be wiped out with managements increased wages. Plants have been running well, barely breaking even, employers incentives and additional plant costs have eroded all the would be profits.
Every time they issue options to themselves it dilutes from OUR holdings.
Are we seeing value for money here?. Are they earning these fat pay packets?
My thinking is.
This company exists only to serve the egos and fill the wallets of the Directors. Racking up unserviceable debts with new projects to the point where the company eventually goes bankrupt.
2 cents EPS *20 is fair value.
Until any new revenue comes online 40 cents share price is fair value. Its now overvalued at 52 cents.
Guess you can't handle the truth. You should try reading the quarterly reports sometime.
If they are 1000% better how come the stock price has dropped from $3.8 to 52 cents in 7 years?.
Please answer that one.
Raft River already existed.
SE+NHS collectively took 7 years to bring online.
RR of which they own 50% has over the last 8 quarters generated $-639,471 in Total
Data from last 10Q page 51.
SE of which they own 100% has over the last 8 quarters generated $1.264M in Total
Data from page 49.
NHS is the only source of positive revenue, they only own 60% of that asset.
Over the first 9 months of 2014 they have accumulated $268,388 in cash.
Hardly worth shouting about...
Its important to consider HOW you are going to fund any of these new projects?.
Its going to take hundreds of millions of debt for these new plants, which inevitably will mean new shares being issued diluting all holders value. HTM Management have given no clear plan how to finance new projects. Why do you think these new assets are being sold cheap?. Nobody wants them. Its that simple.
The sentiment on this board has changed in the past few weeks. People are now realising this company is not the Great Investment they thought it to be. Thats why its 50 cents, and why its only destined to go lower over the next few weeks/months/years.
Wanting and actually doing are very different animals.
I buy a lottery ticket each week because i want to win, but wanting doesn't make it so.
Presentations are all hot air, its the execution that matters and US Geo just don't inspire investors with confidence. They have no real plan other than buying up land and distressed assets that nobody wants.
There is no good news pending here for the next few years. I did warn you all of delays with promised projects.
In my opinion this will reach the 30's again before you see the 60's again. Its tough to hear but thats Geothermal investments for you. Nobody got rich investing in this technology, just look at RAM Power, Nevada Geothermal, Raser. to name but a few.
Good point bigkosh.
Lets just analyse the last 4 insider trades.
John Walker exercised options to buy 100,000 shares for 31 cents, on that same day he sold 100,000 shares for 66 cents. Making tidy profit of $35,000.
Hawkley Kerry D exercised options to buy 50,000 shares for 31 cents that same day sold them for 64 cents. Making $16,500.
Directors feathering their own nests while investors lose money due to falling share price and bungling management.
Why would they buy more shares, when they get them given?.
With Guatemala its not some great strategy they are deploying.
Its quite simple nobody(partner) would touch that project without a proven reservoir resource. Its a case of
having to prove it not just deciding to. AND even when/if they have do you really believe investors will come running to put money into that dangerously corrupt environment?. I doubt it...
EOY 2014 this company may then start talking about 2016 guidance.
Let me guess?. It will be the same as 2015, give or take a few bucks.
Will the CEO still be saying we have sufficient cash for development projects?.
The current burn rate from page 19 of the 10Q is around $900k per quarter. By the end of 2015 the available cash could be around $6M, plus some chump change from US Geo net attributable uncalculatable formula.
What then would the SP be?.
Lets just look at what the announcement might look like.
PR to all US Geo investors.
US Geothermal gets approval from Guatemala Government to extend its development project timescale?.
The work to do on US Geo side.
1. Identifying the correct locations for production and injection wells, drilling and proving those wells.
2. Spending loads of $ in the above process.
3. Finding a development partner for finance.
4. Designing and construction of the plant.
5. Commissioning and bringing the plant online and into reliable operation.
Bottom line is: Yes there will be increased revenue in 3-4 years time(jam tomorrow scenario).
Do you really think investors will put even 1 cent into this company promising revenue in 3-4 years with all that work to do?.
I am saying being invested here for the next 3-4 years is dead money. You seem to agree with me.
I seem to remember saying this 8 months ago, at last some honesty from this company. Still no date posted for SE2 or Geysers?. Let me make a new prediction here.
2018 for any new revenue from any project currently on the board. You have to be insanely patient to stay invested in this company. Its clearly going nowhere fast. I have said before sell up and revisit in 3-4 years time, you might be able to pick it up in the low 30's.
Having just listened to the con call again.
US Geo non controlling interests calculation is really confusing even the analysts.
It is clearly in HTM interest to show on all there projections forecasts the figure without partner deductions.
This in no way relates to the actual cash that US Geo gets. Massaging the numbers to paint a better picture than actually exists. Don't trust these fools.
If BASHING is defined as being truthful. Then yes guilty as charged.
Projects(Guatemala+SE2) are delayed FACT.
They have drilled 2 dusters at SE2, in the southern zone. FACT.
I am making no money from HTM FACT.