We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Echo within an echo of his mind. Is it not
Weird, so why are you here then mate.
Bang on Rendj, I think you have hit the nail firmly on its head with your observations of Mr Rowan. I've never met him and don't intend to either!
Getting the delivery done on time and agreeing the refinancing are massive achievements for him but I agree that Rowan seems at his weakest on external relations and stakeholder management. Little things like using the word ‘handling them’ in relation to the Permit authorities at Lumberton raised my hackles. He should be ‘ ‘engaging’ stakeholders and working in ‘partnership’ not ‘handling’ them. It signals to me that he is naturally antagonistic and perhaps litigious rather than cooperative. The latter is a lot cheaper and adds up over time as you build goodwill and a good reputation. I think he needs to really focus on positive and direct engagement with each of the various parties he seems to have ****ed off.
Refreshing posts Bagga018 and good luck - I do hope your long term investment pays off!
When I sold out it was because of the huge amount of CLN and time was running out. Quite how they managed to covert them and obtain approval was to be fair a difficult and as I thought an impossible task. If they didn't sort it would have been the end of the road, which is why I sold as I was very worried about the situation.
I have made money from AEG in the past and sold into the profit then came back around the Newfoundland debacle. I took a hit last year when I sold but was happy to do so at the time!
It is clear that AEG is in a better place than before the CLN clear out but the recent spending of more money when they just started to breath again is of great concern. In my opinion the whole situation is down to management of the permits and the AEG team should have been on the ball with the micro detail. They should have just started with a 2 or 3 tph plant which would have been under the permit requirements. Then added onto the plant as they would have had actual emissions to prove the concept as they expanded
If Mr Rowan does leave AEG I would at least be a 'potential' investor again
Good Luck
The company keeps turning corners, so in many infact its a circle!! On saying that this s is the 1st time they have EVER hit a deadline even though it was another party getting it over the deadline and im looking at these guys doing things and making a go of coalswitch even with giving half the profits away 50% is better than 0% over the last 5 years and hopefully others will look at how they get things done
& speedily too(probs get a lot of orders for them) and follow suit and this is no thanks to the incompetence of Aeg themselves
HKU I very much understand the viewpoint and the experience you have here. And I am very much prepared for the exact same to happen to me.
But as stated I just think that long term the risk/reward is too good to ignore. And I have positivity because, well it's the direction I want the company to go of course! And I believe they will. I know the phrase turned a corner is thrown around a lot. But i think they have. Just differing viewpoints!
But yes I do agree that you do indeed also have to look back. And I have and I very much understand the high risks involved. I just think that long term the rewards outweigh the risk. Especially now that the order is at the Hunter plant. That risk has gone and the SP has hardly budged! All's we can do is wait and see
I would never accuse you of such. It's all just opinion as you say. But yes I'm very much in the positive side and yes your posts come across as negative. But nothing wrong with that and it's a valid viewpoint! You bring up good facts in there. Even as me being optimistic right now I do agree the past is... Less than sparkling...
What you said in that second paragraph is absolutely spot on in my opinion!
For the funding situation, I am of the belief that if they get Lumberton up and running. AEG getting 52,500 tonnes worth of coalswitch profit can make them breakeven and slightly profitable (this is given no obstacles which.. well...). Of course however, they need then further funding for expansion of capacity and ramping it up. I would not be against a fundraise if the share price is a bit higher based on good news. Other possibilities are available. PDI could apply for a federal grant to pay for half of a 50tph and then the JV pays 50/50 on the rest. Chances of this happening? Pipe dream. Other possibilities are PDI funding it and getting first profits until the plant is paid for on AEGs half and then 50/50 profits after that.
The funding situation is, in my opinion, the weak link here. But I'm here because I believe in the company in the very long term.
I did the same and topped up at 4p, 3p, 2.25p, 1.4p, 1p, 0.8p, 0.4p...
They have failed the basics and continue to get paid for failure. AIM is a shambles and most of us here (particularly me) are fools for believing they will do the honorable thing for investors.
Bagga018, I fully understand my posts come across as negative, but I am just highlighting the facts as I see them. I am not attempting to lower the price so I can purchase - I said I wouldn't buy back in until you know who is gone and that will then depend on cash situation
I do see one light at the end of the tunnel and that is to sort Lumberton out using the recent emissions data obtained from Maine production. With two board members now in Lumberton they can hopefully meet up with local environmentalists and also to personally present and work through the emissions for permit update - they need to get them all onside!
If they can get Lumberton back on line then this, in my opinion, would provide a boost to the SP. You do need to be realistic though re the funding situation as they have already raised considerable funds and these are underwater from the 1p price and have been for some time! Are there any other investors who will put more money into AEG, maybe, but I bet it will be at a considerable discount!
I like the technology and I like the solutions it offers to the New World we now live in but you need to get someone else with knowledge and experience to take this opportunity forward!
I am happy to have a sensible debate here as I have some history with being a shareholder (now ex-shareholder) for some time If you are looking forward then great which is the right approach, but you do need to look back sometimes to see how this has been previously managed and some of that team are still in power!
Thanks for some positivity!
I'm not saying that the people being negative are wrong because they bring up some valid points, all of which common knowledge. They could end up being right. But I much prefer to look forwards than in the rear view mirror. As Seattle said..
And I believe the company has turned a corner and that with the current attitudes, it's the perfect time.
I can't buy more at the moment unless I sell some stuff. So going to wait. If it's still under 0.8p next week I'll too get some more!!
I’ve just bought some more. Lots of risk but cheap as chips.