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Thermal Energy International Inc V.TMG

Alternate Symbol(s):  TMGEF

Industrials
Thermal Energy International Inc. provides energy efficiency and emissions reduction solutions to the fortune 500 and other multinational companies. It operates primarily in North America and Europe but also sells its products and services through representative agents throughout the rest of the world. It markets, sells, engineers, fabricates, constructs, installs and supports two technology lines, such as heat recovery solutions, including direct contact heat recovery solutions (FLU-ACE), indirect contact heat recovery solutions (HEATSPONGE and SIDEKICK), and condensate return system solutions (GEMTM steam traps). It is also developing several other technology lines, including low temperature biomass drying systems (DRY-REX). Its solutions can recover up to 80% of energy lost in typical boiler plant and steam system operations. It has two primary operational bases of operation, one in Ottawa, Canada and the other in Bristol, United Kingdom, covering Europe and the rest of the world.


TSXV:TMG - Post by User

Thermal Energy International Inc > Stones
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Comment by Going44Goldon Jul 23, 2024 1:00pm
75 Views
Post# 36144560

RE:RE:RE:RE:RE:RE:RE:RE: Stones

RE:RE:RE:RE:RE:RE:RE:RE: StonesFrom a share price of $0.34 at the end of April aligned to The Q3 news release, we have only 1 PR for $1.9M to generate new investor interest.  It is easy to understand why we have limited upside based on expected 2024 finals revenue numbers in the $25-26M range.

Barely made a profit in Q3 on $6.1M in sales.  Without additional sales PR's, the stock price will remain close to 1X annual sales at best.

GLTA
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