I realise the truth is hard to handle.
But you cannot argue with the facts outlined in the latest SA report. I recommend you read it.
No new revenue for years.
Plant running costs rising, directly effecting plant efficiencies.
Pipelined projects delayed yet again.
Salaries and share options increasing.
Payments to non-controlling interests eroding what little profits there are.
Massive dilution required OR increased debt required to fund projects.
Sorry its a bad read, but undeniable facts.
Sentiment: Strong Sell
I went on record earlier this year when HTM gave a bigger share of NHS to Enbridge.
They should have used the proceeds from the PTC and the Government Grant to pay Enbridge. That would have given them only a 20% share of NHS. That extra 20% makes a massive difference to earnings. It also would not have allowed them to follow the ludicrous path of buying more rubbish assets. I fear this Management exist only to serve themselves.
Sentiment: Strong Sell
Investors will drop this stock. Waiting for 2-3 years for any new revenue and certain dilution along the way.
Get out while you can.
Sentiment: Strong Sell
Still in denial hey.
I guess you are dumping shares as you speak. Everything in the SA report was correct. It may not have been what you want to hear but tough.
In my opinion the new revenue won't be online until 2017 at least, so in that way the SA report compliments HTM. Investors are waking up to the HTM non-controlling interest scam.
The Seeking Alpha report.
U.S. Geothermal Inc. - Non-Controlling Interest Casts A Shadow Over The Company.
Hits the nail on the head and summarises what i have been saying for the past 12 months. Its a good read and a wake up for all investors.
Like most micocap companies they exist to serve themselves not the investors. Inevitably it is investors that get dumped on. Any small profits the company makes they happily distribute amongst themselves in salaries or options. Leaving nothing for the suffering investors, you will see the pattern here as the years go on.
If HTM was such a bargain at 51cents folks would be buying and the price would rise. Surely fair market value is what people will pay for the stock today?. A share offering at 51 cents would be not be appreciated by most holders i would guess?.
In my opinion the share price will go down further from here over time, as investors get frustrated waiting for new projects that inevitably will be delayed. There is a myriad of investors who bought into HTM in March/April this year and paid in excess of 80 cents. Will they sit for years on this loss?. Or sell in an attempt to cut there losses and invest in a company that gives a faster return?. When the next share offering is announced it is unlikely the average shareholder will be invited to invest (due to administration costs, you will be told!).
I expect the price to be low 40's to high 30's, at that time my sentiment will change to a buy.
Not strictly true. When they were waiting for NHS and SE to come online the price was in the low 30's.
Now those projects are online albeit ONLY generating $268k in cash in 9 months. The price is 80% higher, a fair rise in value.
Like many other investors you are blaming the Market Makers and Traders. Look to the company itself as to why the price is as is?. Knowledgable investors know any new revenue is years away, with almost certain dilution along the way. Nobody will pay more than todays value for this stock, simple fact.
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.