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Deadcaz bounce?Look at poor verditek today.another weird small loan with generous warrants.Maybe we should all become angel crowfunders to badly managed aim companies instead of paying their very generous salaries for nothing but sheer incompetence or farce at best?
I bought some more this morning as the game hasn’t finished yet .
Definitely a big fan
RoyalBanker, just a hunch on my part but - reading between the lines - you're not a fan of this Mikey guy, hmm?
I sold out last week but keep an eye on it , glad I did now . If it drops to .20 might think about rejoining but it doesn’t look as if the company is going anywhere atm. Quite sad considering the good product and coinciding with climate change but the Bod just look incompetent. Only thing to save this is a buy out now but won’t get much for it since SP depression
“A strong buy at this price." ??
Ha ha I haven’t laughed so much in ages.
In the past month Mikey boy has said there is no production in North Carolina. He is no saying there is no production in Maine.
He has been CEO for years and there is still no production. Why buy shares Einstein?
Can the great “Mr” Mikey do anything without screwing it up? And you temerity to suggest that buying now is good?
Hey Einstein, the real Einstein said ‘Insanity is doing the same thing over and over and expecting different results’.
Whenever someone buys the result is the same. More bad news, more share price falls. Reduction in opportunities and damaged reputation.
The news today was hilarious.
PF is right. Something should have been announced last week about analysis results. Mikey boy said that before end of July he would deliver results. The reactor ‘broke’ on the 5th August.
We should have heard about results 10 days ago but guess what? We didn’t. Ha ha.
Is this new one just a convenient excuse with Mikey trying to conflate it with his inability to produce results by end of July like he said he would?
Seems like Gravendock might have known about this all through. That would explain why Mikey had to dress up like Oliver Twist and beg for more time before they sold up.
‘Please Mr Gravendock. Please can I have some more time before you sell any more shares?’
AEG is fast disappearing into nothing. He has destroyed it.
Interesting trading day with 19m bought and 16m sold . However with the news that something broke on the production line I think a 25% is an over reaction . A strong buy at this price .
We don't know what happened to one of the reactors ,if its a process fault then after system checks a, possible restart at a reduced rate. A failure of the reactor is more serious, other reactor(s) will need to be inspected/modified /replaced .We need to wait and see .
That's my point, AEG can't produce mass quantities (Or any right now), and scaling up to service all Pacificorp coal plants, if that was in the pipeline, would be a gargantuan task for them. And with past experience, likely to not go so well.
Therefore, doesn't it seem feasible they would take out a license, and not rely on AEG for product.
Just a thought..
Looks like it's back to the drawing board and they will be lucky if they can organise producing half a gramme for Pacificorp.
Let's be honest a successful Buffett company would never buy the product in bulk as aeg are completely incompetent and never can even get started producing a miniscule amount on time, nevermind scale up production facilities.They'll look elsewhere again.Pacifcorp have houses and businesses that rely on them and they would lose all their business overnight and become aeg.
So I think with a 50tph plant AEG could provide 50t/h*16h*365d=292.00t per Year (if the production runs 24/7 we have 438000t)... Who should build that 4+ plants for the 2 Million tonnes needed? Or are my calcs incorrect ;)
https://www.powermag.com/coal-substitutes-touted-as-way-to-keep-coal-fired-power-plants-open/
Discussion re; the possible outlook for AEG should the test burn results be favourable... (Please correct any errors or my part). And no, this deadline or that deadline was missed in the past comments etc. not wanted, we've heard them all before, multiple times. Let's discuss future possibilities.
So, while the test burn / 1st order has been to Hunter Power Plant, Pacificorp operate 10 coal fired power plants (some part owned). I don't have the % breakdown of each, if someone has, please share. Totaling 5,922 MW in capacity.
https://en.wikipedia.org/wiki/PacifiCorp
Some stats:
1,000 Mw = 9,000 tonnes of coal per day.
5,992 Mw = 53,928 tonnes of coal per day.
https://energyeducation.ca/encyclopedia/Coal_fired_power_plant
Assuming Pacificorp are to adopt a 10% Coalswitch blend into their energy production, as per original test planned in 2017, I believe. One would think, if they adopted the CS technology, that they will roll this out to all coal fired power stations, in time, rather than just the Hunter Power Plant.
Therefore they would be looking at ballpark 2 million tonnes of Coalswitch consumption per year.
53,928 * 0.1 * 365 = 1,968,372
Obviously there is no way AEG could manage producing this amount of product, so it raises the question, if Pacificorp are really serious about Coalswitch, surely they have looked down the road & have a plan for accumulating enough product to service their power plants. Even if it's just the one plant, although if the product is successful in reducing emissions to required levels, I would guess it will be adopted across the group.
And so, it opens up the possibility that they would in fact be more inclined to take a license to produce themselves or even buy the technology outright.
Again, if any of my figures are of the mark, please adjust in your comments.