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I think the chances of getting some worse is highly unlikely to near impossible. He needs to deliver soon or he must step down .
I think saying 0 chance is a bit ridiculous?
We have 5 weeks and it will take 3 weeks to produce. We have 2 weeks get the plant up and running which I think is actually doable...
Finances wise we know we've turned a corner with 7M in the bank and I like diamond if I'm honest. He seems very professional. Maybe I'll be wrong I don't know...
Just very frustrating. Genuinely thought they had turned corner and would deliver this after years of waiting. I just now see zero chance of June delivery but will be delighted if it happens. Just one issue after another here and the leader is responsible as in any industry.
Perhaps, I am well aware about past failures here and was aware before I entered my position. It's just that most definitely his plan is not to fail. As we know with his options he should have the share prices best intentions in mind, however hard that may be to believe. We all here know about Rowan and it is factored in to the share price hence why it seems so cheap most likely.
But also be careful what you wish for. It may seem hard now, but imagine if Rowan goes and we get someone worse..
You may be asking how can we get someone worse than Rowan. But it's possible. I'm not exactly Rowan in before you say that...
On the other hand perhaps he is just useless at his job? Clearly not a leader, communicator or suitable for delivering deadlines. This isn’t his first failure here.
Rowan holds 29,399,800 2.0125P calls, and 29,399,800 3.522p calls.
If his plan was to be bought out. He will try to fetch 3.522p per share buy out. Failing that 2.0125...
So in my opinion this is a preposterous idea that you think his plan is to be bought out for peanuts!
The major investors appear not to care. Maybe his plan is to fail and we get bought out for peanuts. Embarrassing.
If that is the case surely Rowan must go ... he has had chance after chance and there has never been any consequence. The man is useless.
6 years of failures doesn’t point to 18 hours a day of no issues. I can’t see us making June 14th sadly. See when they break the bad news, probably June 13th as AEG.
I am not sure if they turn it on..it will just seamlessly work for 18 hours. I hope I am proved wrong.
It's going to be tight.
Delivery date is the 14th. Is that when we hand over the product in Lumberton. Again, not clear. I will assume Pacific Corp will take delivery on our site?
I thought they could have laid the foundations earlier. I have been buying under placing price so I want this to work.
So the new components that need the amendments have to cease construction, but does that mean the machine that’s very near completion can’t still operate and produce pellets, now there’s a thought.
Was that on an SP angel research note? Even so that's 17 days. We need 3 weeks really...
Stated somewhere it'll be operating 18 hours aday producing 3 tons an hour
40 days to make that Pacific Corp order. On a double shift could be 20 days to produce 900t. I seriously ask myself if that is achievable. It looks like the plant is not yet commissioned. Rowan says as much in that RNS.
I wonder what Lombard, Miton and Gravendonk are making of this. He got them to convert their clns on a premise.
The red flags have been here for years, Mr Spinks was a promoter but not a businessman who could deliver, he appointed or so we are led to be believed his successor. We now have a lawyer trying to do a mans job. No sexism intended just a bit of dark humor, what we need is a clean break and a clear out of the Board.
I've lost more money and sleep over the last 20 years on dodgy AIM stocks than I care to remember but that was without doubt my own fault. If I lose money here then that will be my own fault too. So many red flags on this one over the years and I'm just interested now to see if we get the product to market. One thing I refuse to be is bitter. You roll the dice...
4 years but could have been much quicker and hasn't delivered anything yet. Poor PR, communication, and statements that are far from the truth. Rowan and AIM go well together. Shame the PI gets no protection.
Fair enough but I've waited 4 years to get this up and running and if that is achieved next month then I'll be happy even if many here will still be calling for heads to roll. Bejesus!
Congratulations. Many here hold much more and have been mugged off by the stupid/far worse activities of Rowan. He is not fit to lead a dog.
People here invested in the technology and have been landed with Rowan (appointed by Spinks). Unlucky for all LTH.
This is exactly why I generally avoid these boards and have only made around 50 comments in over a decade. I have absolutely no idea who M****ty is. I trade for a living and AEG is less than 1% of my portfolio so not that concerned anyway. I just don't share your negativity. If you don't like the company then sell your shares, I certainly would.
Just ignore him Stifl. He is just one of the Mc Nutty groupies trying to start a fight. Look at how many posts he has made in total. Half a dozen ar so and all Myles Mc Nutty recommendations. He made his first post in this board today but is full of it.
You don't have to think too hard about who it is really and what other names he uses on here - just started posting aggressive pro AEG posts on the worst news day this company has had in years (if not ever). What a coincidence BeeGee.
Only 55 days to go till end of H2 and promissed production.
I wonder if Rowan has offered his professional legal services to help AEG in these up and coming court cases.
No need to be a p rick. They said they are confident they will meet their commitments. If you are not then sell your shares and put the money into something you do have confidence in.
Yeah on the 29th of April. Not like they could have submitted sooner. Any idea how long it will take to be amended. Thought not.
That'll be why they submitted a permit modification application then!
Air Permit
Read page 2, first paragraph.
Aeg were aware they couldn't modify air control devices without approval.
https://deq.nc.gov/about/divisions/air-quality/air-quality-permitting/wood-pellet-industry-permitting-actions-and#active-energy-renewable-power.