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 and have access to Premium Chat. 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.
My take was that they took enough of the equipment as payment to cover their "stake" and then sold the other bits required separately.
Yes thanks guys.. maybe their out there to work out the further equipment needed?
The other site was in willseyville.
Sorry, typo... "We never did find out what the 2nd equipment was for".
No worries HeresHopin.
We never did find out what the 2nd equipment was doe. Palmer came up with the name of a 2nd plant, but I didn't think it had anything to do with North Fork. So, we have one lot of equipment to buy in to 20% partnership with NFCP llc and another set to be invoiced separately. No idea if that's 2 x plants and haven't been able to find anything connecting any dots from research re. California. Too much noise about PG&E.
The gasification trechnology company said it expects to invoice North Fork Community Power €2.2mln (US$2.5mln), under a separate sales contract, for the sale of further equipment and the supply of engineering and design services to North Fork Community Power.
The sales contract, which upon signing will involve a substantial down payment together with further agreed milestone payments until commissioning, is expected to be completed and signed by the end of June 2019.
It's this bit that we await....
"EQTEC also expects to invoice NFCP EUR2.2 million, under a separate sales contract, for the sale of further equipment and the supply of engineering and design services to NFCP. The sales contract, which will involve a substantial down payment on signing together with further agreed milestone payments until commissioning, is expected be completed and signed by the end of June 2019."
King5hott, There's no payment due for the equipment. It is our makeweight for the 20% stake in NFCP llc. There may be some income to be had for any engineering support.
"The Company has signed a legally binding agreement with Phoenix and North Fork Community Development Council ("NFCDC") (the "Agreement"), to acquire 19.99% ownership of North Fork Community Power LLC ("NFCP"), a special purpose vehicle ("SPV") formed to build and operate a 2MW biomass project in North Fork, California (the "Project"). The consideration for the Company's investment will be solely satisfied by the supply of certain items of the existing equipment currently held at EQTEC's Newry site, valued at US$2.5 million and no cash consideration will be required."
Good evening to your Dip.. yes I hear you pal.
The fact that our equipment has been shipped and assuming that's true the guys are out there is good to know.
Did we get confirmation on payment for the equipment?
Youd like to think we would hear something within the next month or 2 about North fork. A great positive is we can keep upto date with the minutes meetings etc.
Wheres Palmer??. he was very good at digging out hidden info.
Evening King5hott. Agree with you. The political and economic ramifications of PG&E problems can not be under-estimated. It took several years to agree a PPA with them. All small peripheral stuff will be put on the back burner until they sort their sh*t out. I just fear that our equipment that was rusting in Newry will be doing the same some where in California. Hope Phoenix have a few other irons in fire (as Ian alluded to), else imo, we could be on for a loooong wait here. IMO and hope it is isn't all that bad.....then as Smokin said, we have two guys out there and hope we are following new leads or getting that equipment set up.
I too have been keeping an eye on these minute meetings... think how many businesses are on hold over this pg and e bull****e. Solar and wind will be stung the most.
Youd think there are minimum waste to energy sites compared to solar and wind.
Thus being more inclined to agree the ppa.
Sorry for all these posts!!...
Obviously company in England refers to PPA agreement, therefore USA. Also, Eqtec not in England.
From their June 2019 minutes of the meeting:
b. Biomass – General Electric has opted out of biomass agreement; new company in England will take over.
c. Biomass bond issue is still ongoing
Not sure England as in UK or USA.....
There's a North Fork Community Development Council meeting today. On the agenda, amongst many other things,...
Discussion and Action Items
I'll be looking out for the minutes of this meeting.
I think this is what's thrown everything about North Fork in to a limbo (dated June 2019):
"PG&E’s Bankruptcy Judge Leaves Door Open to Shedding Renewables Contracts"
You can just about read it before they ask you to register!
Smokin, They gave us the full fanfare treatment with the Billingham announcement.... Just a reminder how EQT tweeted back in MAY:
#EQT have signed a transformational deal with Cobra and Scott Bros for waste #gasification & power plant in Billingham
Project Value c. £150 million to £180 million
#EQTEC #W2E #RDF
He can’t invent good news tho, and he’s used up all our faith in his updates.
Laks is pretty good on the charts.. so hopeful for a reversal..last yr the sp went from 31 to 1.27 in just over a month...so hopefully it will happen again..
Dip stick I am sure Ian Price knows by now that shareholders are angry the way the sp has dropped... hope to hear something on phoenix or Billingham soon.. re phoenix Ian stated in the last interview that the 2 guys were in the USA.... so hopefully we should hear something soon... and Ebioss might have something planned for us ? who knows...bit frustrated with no news
Look up Lakhsmi 888's chart on Twitter, she suggested a band for a potential reversal zone.
I sold at 0.29 personally (at a 20% loss approx) as I don't like a company that says something will happen (the finalisation of that agreement), then announces it is postponed without giving clear reasons and new timings...
Cagney, I feel your pain but not quite the same level. I bought at 1.4 a year ago and it fell to 0.7 then in January within a few would it was 1.8 and I should out even. I then bought back in at 1p thinking that was the bottom! I have averaged down a few times to 0.67p but about 60% down! I am sitting tight for now.
Well I bought a good dollop of these,paid out almost £7k,now worth £900.I'm in two minds whether to average down,but there's a daily drop,so should I wait or say sod this share,sell up and move on.There is this voice in the back of my brainbox saying to hold on,which I suppose I will.Keep smiling at trouble.
Smokin, "Wonder if we will hear anything about"....ANYTHING any time soon is my question to Ian. having used up numerous words to describe the progress he and the company has made, I guess he now knows that nothing but hard facts/proof will help regain his credibility. The Phoenix contacts(s) for me was expected to be real groundbreaking stuff. Three weeks past the stated date, no update.
Apart from something totally out of the blue, I am not sure which project/Mou/partnership I can look forward to. Even if Ian gave a small update, we can at least start discussing and researching, rather than get depressed staring at the charts.
We were at an advanced stage in Spain, Billingham ball must be rolling by now?. We are supposed to be the LEAD player for Billingham, as such I expect a better handle on the progress. I have done ample digging and thus far fail to find any newer mention on those two projects. Ian seems to be in hiding.
May be, just may be, Ebioss have a card to play at the end of the months. We'll see. GL.
North Fork this wk ?? We really could do with some good news here to get the sp moving..come on Ian Price..pull your socks up and deliver
PM709 A re you Investor 111 in disguise ??? dont you think the sp is low enough?? for god sake it has already dropped from the yr high of 1.84