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I was at the AGM. Nothing fraudulent about any of it. This is major technology, which they must , will, and are, getting right, with more than a few bits of bureaucratic hurdles to get over - most of which they have already jumped. Re 2023, I expect the Protos site to be up and running - and available for due diligence inspection and demonstration - well before the final commissioning sign-off. These guys are not fools, and they are finishing off the final stages of important de-risking. It all takes time.
I should have said 'at least 16 months' to completion; This is crazy,
I think so too, but what a typo to make if true.
I think Testpack3 was right, PHE should have raised, the funds to build the first DMG to show proof of concept, we would be our own masters instead of having to fit in with Peels plans.
"confident that the steps we have taken in the last few months are consistent with a completion date during 2023"
So another 16 months potentially as not even a Q mentioned, so Q4 a possibility. Dreadful news: to bail out or not to bail, I ask myself?
:+(
In that case, NH, it is conceivable that there could be further slippage into 2023. Perhaps that's what Tim is telling us?
Thanks Dr A, made a new topic in case you didnt see this, so ignore that one.
Very iffy though isnt it. DR basically denied knowledge of the later date.
fair question Mark.
2023 was on a PEEL presentation not long ago but I believe Dr A emailed and it was confirmed that was a typo. So was PEEL correct and the reply a lie or was it a typo again.
I think this is a painful reminder that when investing in a company you are actually investing in the skills of the people running the company. Today’s update raises more questions and provides no answers. Howard White says the first unit will now be in Poland? Really? When?
I would take anything Tim Yeo says with a big pinch of salt, and what's happening with regards to a new chairman, we need a kick ass chairman.
Confirmed my view that both Peel and Phe are a useless bunch of duffers . I am beginning to think they will never deliver
Kev I think your ignorant comments aren't necessary. Dr Anomaly is a shareholder just like the rest of us and has been here much longer than most. Reality of the situation is **** happens and extensions have been made. Concept is the same just timeline is different and that means some people won't have the patience to hold so there we all go. Frustration is there but at the end of the day we all must get over it because it won't contribute to any phsycial developments just stress. Make money somewhere else or put it in the drawer now and forget about it till completion. There's no need to be childish and act like idiots throwing irrelevant statements out like that.
The sp will settle ...
But how many have last faith ,,, sad
Bring back Dave!
I think investors are in too deep.
PHE staff on fat cat wages ,, laughable..
A .5 litre plastic bottle will run a vehicle 100 yards and pay for staffs inflated wages ,,, they don't care how long it takes :-0
Is this why Dave was ditched as CEO. Too enthusiastic and not experienced with communicating delivery dates. He kept pushing the 2022 dates even when this was impossible.
If not a mistake then massively disappointing - Peel were meant to be the great enablers but have failed to raise / provide the finance. If the exclusivity contract has been signed I hope it included delivery commitments and can be voided on this basis so we partner with someone with a sense of urgency in delivering - just wish I was at the agm to say so and vent my frustration at this sudden re-messaging
If this date is correct, I would expect some (many?) to sell out or substantially reduce, with a view to coming back in in 6 or 9 months time.
I wonder if is on account of Peel sourcing funding and awaiting it from a government source of some kind. They probably have not acquired it yet and I presume this is what is holding them back. I do not doubt that they will receive it It just feels rather laborious it has and is taken this long. Looks like I may now have an opportunity to buy shares cheaper than my average is the drop continues again but I am still frustrated as we all are by this extension. Let's hope the Konin project is there before and the access to the global market is achieved soon as possible.
Basicly phe has been kicked to the back of the queue at protos then
2023 must bee a mistake ...
Maybe over running until early 2022..
Um if it is correct Poland and other sites might be up and running sooner.
Hope it's a mistake..
:-((
I am sure Dr. A can tell us when Financial close was expected but it was not end of Oct 21.
There is just no movement and can just see the big advantage we had slipping away. Someone mentioned on here that Tim Yeo was a death knell. I am starting to think the person was right.
Extremely frustrating that AGM statement. 2023 when it was always Q4 2021, then Q1 2022.
2023? Must be a typo surely? If not the SP is going to tank.....