The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Hi Greg, I too might top up and may even trade a few. GLAH
Starting to top up a little again. If anything it is a good place to practice sell high, buy low.
I think this is what DR did for Thysson Krupp day in day out. He's going to deliver.
In one of the RNS it was stated by one of the non executive chairman that once the first plant was proven the commercial interst would increase massively. Or words to that effect. Sorry to be vague but it's a recollection.
Stokey, I so hope you are right Mate, I would love for this to work out. Next 12 months are crucial.
exdragonoil - In reference to your 09.52 post you obviously listening to carefully for as Newboy58 pointed out in his post of 12.36 David Ryan said they have two dozen customers not sites. If as I suspect one of those customers is Peel Environmental that is six sites from one customer. So I would not assume as I did when I did my revenue calculations last week that 24 customers equals 24 DMG units. It is possible over the next couple of years that those 24 customers will purchase multiple DMG units and my £50m revenus projection might prove conservative.
I think you should listen better mate, he said they have about a dozen proposals out in the market that people are actively reviewing, them later said there are about two dozen companies they were actively speaking with... so I would guess they are working on or will work on the other 12 proposals... jeez, you need to watch you people..
Very disappointed with the Pro-Active Investors interview with Dave Ryan of Powerhouse Energy who no doubt is technically excellent but does not appear to have the clarity of thought of a Chief Executive bent on translating the two dozen or so current interests into DMG sales/hosts deals. His ambitions were limited to ultimately receive revenue and in the medium term "even make a profit" whilst the number of interested parties moved from a dozen to two dozen during the interview which reflected badly on his grasp of the market. Our thrust should be to complete the commercial trials, set up a supply chain, sell or license the DMGs and provide any necessary technical input for potential customers. If we stray from these objectives, our momentum plus technical lead will be lost to be overtaken by others with clear monetarisation objectives.
DR was asked if he was looking forward to the rest of 2019 and replied that he was looking forward to bringing two or three projects to the planning stage, I thought we had missed these time lines since we've not had any updates.
Desertwolfch - I spoke to my crystal ball and it says that notice of the AGM is likely to come on Wednesday of next week.
Having listened to the interview I found what he said about finances around the 10 minutes mark interesting. He does not seem to be saying that there would be any need for any kind of equity fundraising immediately. I also note what he said about a cornerstone investor. I wonder who any possible cornerstone investor would be and what they would want for thier investment.
That's interesting LedZep.
Encouraging interview with DR. Got the impression that there is a lot going on in the background and DR was a little guarded regarding what he could divulge.
Appears that there are quite a few ways being considered, of monitising the DMG installations, DR mentioned a couple of times of "selling the process", which was new to me.
The mention of US, was interesting. Just wondering if the leads in the US are being pursued by KA, who moved back there in Feb, and the RNS at the time said he could be available for consultation work.
I think that in the interview he said sometime mid August, but I can't remember exactly.
US was mentioned in the interview:
https://www.cnn.com/2019/07/18/asia/cambodia-rejects-trash-intl-hnk/index.html
Sounded very positive.
Yes, I made the assumption that he would give an update at the AGM. I could be absolutely wrong. They sometimes release an RNS at an AGM and to the wider public or on the morning of but this is rare. I am probably barking up the wrong tree! I'll look at the video again. But still the cash position looks positive.
jabberba: He actually did say he would not be giving an operational update until the AGM. I assume he meant immediately before the AGM, because he can't give any new news actually AT the AGM.
Can I make a correction to my 14.28 post the £50m is the first year only and includes the cost of the DMG unit. The annual recurring fees from the licenses and excluding any revenues for additional services is around £9m.
Looks very much like he was holding back from any operational update until the AGM. Could be good news soon.
I have just done a quick calculation based on my earlier revenue projections and if all the 24 potential customers are converted into firm orders of one unit each then this would give revenues of around £50m. On a P/E ratio of 10 that would give a value of £500m. Can someone please give W2T a kick up the backside and tell them to get that planning application in.
Thanks jupiternmars.
Good interview. Impressive pipeline of two dozen potential customers. The futures bright indeed!