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Its not clear if this delays construction and commissioning of the plant. They already had the air permits for the plant before this ammendment for the new emmissions equipment. Does construction stop while they wait? I would think that they can build with the existing air permit. Any thoughts?
If you have a few spare hours available have a look through all the letters previous correspondence between AEG and NCDEQ when applying for the initial permit - its worth a read as they messed that up big time - I don't have time to find the link but if I remember its on the NCDEQ website!
TBH - the news today doesn't really surprise me as a lot of the local residence to the plant do not want AEG to succeed. I do feel NCDEQ are just covering their own backsides by issuing the notice and playing the game - at the end of the day they making modifications that are making improvements, so the locals should be at least a little happier!
Just very poor timing
The Board are responsible as a whole. I am a longterm holder and have always bought on weakness historically. I own many millions of shares. I have decided to sell some just to reduce my cash exposure. I hope this will still play out ok. But the problem is that with zero Board credibility this is now simply a gamble - there is no good information on which to base an investment decision. It’s a great shame - to put it mildly.
Bantam, I fully agree with you here. However I wonder how much of this the rest of the board knew about. Such as Diamond, I wonder how much Rowan actually told him of that makes sense.
As you have stated yes the confidence is gone. On paper the company is extremely undervalued. Under the skin it has the board incompetence priced in. As the saying goes. If something looks too good to be true it probably is.
Are you holding Bantam? I'm going to ride the rollercoaster the whole way through the lows and the lower lows..
At the moment I wouldn't sell... I'm just holding and will until 2050 if I have to...
But yeah to me 15% makes no sense unless people think we will miss the order. If we hit it then we're back to sunshine and dasies 1p land. That's my hope..
I am afraid it reflects a total lack of confidence in AEG’s ability to deliver on its promises and the most disastrous communication over several months that i have ever witnessed as the company shoots itself in the foot time and time again. Who knows what will be delivered / if and when.....? I am actually amazed.
The suggestion here is that they remain on track. But all credibility has evaporated. The market just doesn’t believe this stuff anymore. The NEDS haven’t got a clue. The Chairman should consider his position to start with followed by the rest of the NEDS who have presided over this level of incompetence.
I cannot believe that the Board - which only a few months ago proved itself to have a working commercial strategy and a smart financial strategy - has incinerated its credibility in a few weeks. Incomprehensible.
Mate my problem is with the RNS that it reads that there will be slight delays and they expect it to be approved, pronto. We're already on a very tight schedule. Any slower than pronto and we end up missing the order. The order is extremely price sensitive which in my opinion is where the price action has come from... Put it this way. I'm in with a 1p average. And I don't have enough convinced to double down right now and make my average 0.8p. because if we miss that order the SP goes wayyyy down
It’s just what happens - they drop the price knowing people will sell and panic then walk it back it up over the next few days. Just making their money. Nearly every share drops on any slight negative news. I wouldn’t read in to it any more than that.
Can someone help me understand please?
So in the RNS they're spinning it off as a minor step back. Am I correct in saying that today's price action most likely means that people no longer trust that we will meet the pacificorp order deadline despite it saying in the RNS we will?
At the moment thinking about it I'm very sceptical we can hit that deadline... And so I'm thinking that's why we're 15% down as others also believe we won't hit this?
Thanks..