On 100 shares traded. What a joke.
Its sellers pumping the price so they can exit. Its a repeat of 5 days ago.
BIG volume selloff today.
Guess they believe they can pick this up for 40-50 cents in a few years time.
That is the honourable thing to do.
But i doubt they will do that. This company is run by #$%$.
The cash will be used to pay directors salaries for the next few years, when its all gone they will close up.
Its scandalous but does and will happen.
Invest i a decent company for 3-4 years, gain through share increase and dividends.
Then 3-4 years later IF the situation has improved buy back in here for 50 cents..
You can't seriously think this stock still has legs?.
This will tick down day by day 2-3% each time. Look for 50's next week, by Q3 results low 50's to 40's.
All you optimists will be happy to buy all you want?. But lets see who dares to buy in the 50's knowing 40's are on the way.
If plant costs cannot be controlled, and employees share options not limited your quarter by quarter increases mean nothing. This stock is sentiment driven who really wants to invest in a company that is risky with no chance of revenue increase next year compared with 2013.
There will be a steady selloff starting from now.
You will be able to pick this stock up in 2 years time for 50 cents.
What is there to hold for?.
No new revenue for 2 years at least. This stock is dead money for years and years.
Here is a better option.
Sell your shares in HTM today, buy into a blue chip stock e.g..Intel. Enjoy security and some growth+dividends for the next 3-4 years.
IF, HTM is still in business after 3-4 years, the odds are against it (Raser/Nevada Geothermal, RAM Power) have all fallen by the wayside. HTM has all its eggs in NHS, very risky..
As i say if they are still in business after 3-4 years, buy back in at that time for 50-60 cents again.
Thats a win win.
People are starting to see the light.
No new revenue=No support for price at current levels=SP dropping into 50's.
You really are misguided if you believe EC will be only delayed by 12 months.
They haven't even determined the position for the 1st production well yet!. I can tell you from my 15 years in this industry, that project will not be online until 2017.
It is simply not possible to expedite the process faster than that.
Why is this CEO on a course of buying more projects?.
When this company cannot afford to develop the projects it already has. It now has $11M cash available.
The net cash generated from 2014 in total is expected to be $2 million.
This company only has 45 employees.
I can only assume his exit strategy is to sell this company on and disappear into the sunset with a nice paycheque.
I appreciate your polite response.
I don't actually disagree with your comments on timelines 2-5 years to make money is reasonable, although it is likely to be closer to the 4-5 years for SE2, Guatemala&Geysers if a new plant is to be constructed.
At which time with revenue from a new project, the price here could easily be $1+.
The issue being most investors will get bored waiting.
You forgot to mention that 2 out of the 4 development projects have been delayed by 12 months(officially).
In reality these dates were never achievable, and neither are the new targets of Q4, 2016. They are stringing along investors with these projects.
My guess is, they have been hoping the stock price would rise in excess of $1. They would then raise capital through a share dilution. The rise hasn't happened but the dilution may still.
Whats that i hear you say. "The CEO has stated we have sufficient capital for our near term projects".
Until today, you were also told that Guatemala would be online by Q4, 2015.
Get the idea, the goal posts move to suit the situation.
You will be able to pick up shares in this company for 60 cents, 3 years from now
There are too many pumpers on this bb spouting on about revenue from projects in the near future.
This is totally misleading.
I believe investors should have a realistic view of the future of this company, and just how long it does take to put these projects online. I really do not understand why the new CEO of this company feels he needs to troll the Geothermal world buying up distressed projects that cannot turn revenue in the next few years.
Good people have lost their shirts over the years with Nevada Geothermal, Raser and Ram Power.
This company maybe the exception but the odds are against.
As nobody to date has actually ever asked on a con call WHEN they realistically expect revenue from ANY new project, i have deduced you are all in denial.
If when they get to the point of disclosing 2016 guidance it will be the same as 2014, 2015 its that simple. Your money invested here will not be adding any value.
Any investor in Geothermal companies must understand that new projects take years to turn to revenue.
Typically 6-7 years from green field to reliable revenue stream. If you don't believe consult the GEA website.
AS an example Guatemala have been drilling for 15 months already and still haven't determined the best position for production wells. Each production well can cost up to $10million. After projection wells have been drilled , each well can provide typically 6-7MW of capacity. Injection wells need to be identified. Production wells need to be flow tested, injection/production wells have to be tested for interference to determine the sustainability of the field. A reservoir certificate needs to be issued by an independent issuer before banks will lend against the resource. After that the plant can be designed and turbine ordered, typically 2 years lead time.
I hope you are getting the picture.
Guatemala actual revenue can be expected 2018....
Invest somewhere else.
Invest your money in Intel.
A company with real growth potential. Your money in this company will be dead for 2-3 years at least.
No revenue increase, no dividends. No hope.
Due to project delays, what a surprise they now have no PPA for the extended plant.
Guatemala, pushed out 12 months. In reality it will be years away from any revenue.
I will keep you updated on any other good news as it comes in.
Why doesn't somebody ask the direct question. When will any new developments give additional revenue?
Sentiment: Strong Sell
Its official -1c EPS for Q2.
The only thing increasing here is salaries and stock based compensation, check it out...
Now they even post 2015 guidance, what a laugh. 18 months from now there revenue will still be the same.
Please bear in mind my earlier comments. NO NEW REVENUE from new projects for 3-4 years minimum.
Which way do you think this Q2 report will be viewed?.
Just because somebody painted the tape AH by buying 200 shares at 72 cents, does not indicate a positive sentiment.