The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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yellowf1 - Thank you for your 19.06 post of yesterday I note that you have moved from saying it is not financially viable to questioning the amount of electricity that it can produce. I observe that while you are willing to accept PHE's CAPEX figure you are not willing to accept the power outtage figure from them. With all due respect to you I am willing to accept the figures from the company on power generation.
Hi Yellow,
I think inthe longer term, it is aim to sell hydrogen and generate higher profit.
For now i see w2t is try to build a snow case site., to prove dmg works via electricity generation. In the site layout, there is a little area at north east corner demarked with fence and noted future hydrogen development (something like that, cant remember the exact content).
To me the key is to the 12 months (8000hours ) operation to prove 25tpd dmg that scale up from 5tpd is working with no bugs. However, not everyone on this bb willing to accept or face any reality.
Lots to do, on the surface:
-Planning application,
-Find investors to invest w2t to build FOK waste to hydrogen plant, is this 7million?
-Find a right epc contractor to build the 1st site,
-PHE to manufacture or build 25tpd unit,
-Commissioning,
-only after 8000 problem free operationhours will attract many customers, as i said in my previous posts, 2 years from now. 2021 summer.
Curioser,
PHE is not on the short list, it hasnot been shorted,, so that assumption is incorrect.
Hi curiouser, your post did make me smile. I just filtered straight away as I don't have the time or the inclination to read the tosh that bashers write on here. I do hope that no holders sell up based on reading the cryptic negativity. glah
yellowf1 - My calculation gives a gross return of 18.76% on a CAPEX of £10m. On a CAPEX of £7m then the gross return is 26.80. You will of course that these figures are all based on a power only unit.
yelowf1 - Thank you for your 14.06 post. If the return was 3% gross would agree with you. The figure I quoted was only the license fee to PHE not the gross revenue received by the site owner which is £1,876,000. This is based on a gate fee of £80 and a payment for the power generated at £60/MWh. As this is a power only it would generate around 56MW/h.
Shorting, CFDs, or just trying to get the share price down to buy cheap.. whatever
Short dismissal or the north west economy as but one example of the hydrogen economy which is currently growing exponentially in Japan, Germany and Australia . No response to the safety reply.....
hmm
Well yelloff1 you clearly don't think hydrogen is safe - even though it is evidenced as safer than petrol stored at petrol stations see e.g. the link below. Nor do you think that the hydrogen economy, or more specifically PHE, is viable. Logically it does beg the question why on earth are you wasting your time on here and even worse, going through my old posts to make a point then? Why would anyone waste their valuable life/time posting/researching about something they clearly believed was not viable. Unless … ah of course! you're shorting!
https://auto.howstuffworks.com/fuel-efficiency/alternative-fuels/dangerous-hydrogen-fuel2.htm
yellowf1- Thank you for your post of 13.35 I always like an inteligent response from somebody who has fully mastered their brief. But I will take your reply instead. You seem to be making a fundamental error in assuming that PHE will be paying for the DMG unit. If you listen very carefully to the last interview that David Ryan gave to Proactive the link is on a earlier tweet it is clear that the customer or the development partner will be raising the finance, with possible assistance from PHE. So the costs that you mention are not being borne by PHE the figure I quoted is the 20% license fee that PHE will be receiving. It follows that there is no CAPEX payable by PHE. On the plant point I know this has exercised 98889 as well I do not believe that there will be any plant owned by PHE as I suspect that the DMG unit will be constructed in situ at the customers site. The reasons for believing this are:
1. From the statements made it would seem that the units will not be mass produced as the units have to be calibrated for the feedstock being used. See in this respect Piltick's post of 22.50 of Monday.
2. The parts are all, or mainly, off the shelf items so can just as easily be sent to the customer as to PHE.
Please note it is a DMg unit and not a DME unit that you have been refering to in your recent posts.
Yellowf1 - The answer to your question is yes. It would be viable on the sale of power only this would provide a revenue in the region of £300,000 pa for each UK based DMG unit. You wil recall that initially DMG units wil be power only units.
Hydrogen - is becoming the fuel choice of the future for home heating, HGVs and trains. Cars are interesting but not the main focus right now.
… but who need hydrogen? Well these North West locals for starters!
https://www.widneslife.co.uk/hydrogen-trains-to-be-developed-in-widnes/
https://peellandp.co.uk/news-blog/2017/11/1/north-west-hydrogen-cluster-could-drive-economic-growth-and-help-de-carbonise-the-regions-energy
https://www.theguardian.com/business/2017/aug/07/trial-to-phase-in-hydrogen-as-fuel-to-begin-in-north-west
I think the point is that the DMG process doesn't produce oil or tar or sticky goo, but a syngas with a high percentage of hydrogen.
Simples - just use the filter button.
so there is no IP at this moment, with logical reason or not. why this need to be a conspiracy theorist? are you not willing to discuss or let anyone know the fact that there is currently no IP
Yes but do you really think there isn't a logical reason? Are you a conspiracy theorist? If you are genuinely concerned contract David Ryan. This really is not an issue as far as I'm concerned.
Last minute or not, is another story. at the moment, PHE has not got an IP, so “The research and technology development IP is protected within the chemical engineering models and control systems of the process ….” is kind of misleading.
I think it's been said before. Dyson has 100s and 100s of patents. But still there's lots of cyclone vacume cleaners who have managed to manoeuvre around the patents. First mover is more important.
Ip protection is something you do very last minute otherwise you lose first mover advantage.
Doesn’t look like PHE has a IP at the moment.
https://www.gov.uk/patent-your-invention/decide-to-apply
Applying for a patent
If you work with a patent attorney or advisor, they’ll help you through the application process. Applications typically cost £4,000 and the process usually takes 5 years. There are 8 steps if you apply for patent protection in the UK through the Intellectual Property Office (IPO).
1, Search for similar patents to make sure your invention is new.
2, Prepare your patent application.
3, File your patent application and request a search from IPO.
4, Receive your search report (usually within 6 months) and decide whether you want to continue with your application.
5, Your application will be published 18 months after you file it.
6, Ask for a ‘substantive examination’ within 6 months of publication.
7, Respond to comments from IPO’s ‘substantive examination’. The examination may take place several years after you file your application.
8, Your application will be granted or refused.
You can commercially benefit from your patent once its been granted, for example license, sell or mortgage your patent.
Don’t make your invention public before you apply. You may not be able to patent it if you do.
I'm quite sure that the CEO knows more about IP rules than I do, so I'm happy to leave it to him.
No concern for me based on CEO comments.
I seriously hope we are tight on all our Global IP content? Is there a general concern here or has this been put to bed in previous posts?
cannot find anything under powerhouse energy from Intellectual Property Office, or it is not searchable…
there is a trademark registered - DMG.
98889: Extract from the RNS dated 27 June:
Intellectual Property
"The research and technology development IP is protected within the chemical engineering models and control systems of the process and the Company has been particularly focused on retaining this unique knowledge within the teams. In project development these algorithms will be retained with control equipment that remains under the ownership of the Company.
"Notwithstanding this specific knowledge retention, the Company has chosen to protect the IP within a family of generic and specific patent applications. These will mature in parallel with the development programme ensuring that the know-how developed through the engineering, commissioning and operation of the early DMG sites is captured to provide a greater depth of IP and patent protection."