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I 'think' PDI will buy a licence based on knowing the plant design and emission data.
Dear Stifler, I agree. The test results will be pivotal to our success. Any of the 240 coal power stations in the US could currently buy AEG with a days petty cash ..Therefore we need to become a Unicorn company ASAP .
I know but price is exceptionally low and they could easily throw a few million. We’re all hoping we will be well north of 1.5p if everything falls in place! Come on AEG.
Thanks stifler, and yeah. Rowan said usually small modifications such as the control devices don't need permits but NCDEQ wanted permits changing for it. Whatever the fuss is as long as it's resolved sometime this year that will be brilliant!
Not sure. I think Q3 was mentioned. Would not surprise if an air permit was granted in Maine first. If Maine grants an air permit it puts pressure on NCDEQ. Let's face it they already have an air permit. It's just an ammendment for emissions equipment.
It appears AEG are yet to have the emissions data from the Maine plant completed as it hasn't been sent off to NCDEQ yet. Stifler as an engineer do you know how long this process can take it is it completely different?
Patience HK. IP done in North America. Product delivered. Test burn taking place. Results soon. The plant works. Emissions test results from plant will be known and validated shortly.
What is strange about that?
I would say aeg plant emissions results and RMP burn test results are on the horizon. I assume you know this as well.
Nobody doubting the technology and the potential. Does seem strange that none of these global billion $ companies have taken a small stake as we’re now so close.
If as good as we think/hope they should be holding a decent % especially at this price.
Just checked Buffett owns 100% of 11 coal power stations and 13 with partial ownership .
When the US orders really start with CS as substitute for coal we really are in the driving seat . Also as utilities can’t take the chance of ever running out of fuel ( for obvious reasons ) expect the orders to be in the region for supplies of 5-10 years . I’m now off to see if Stradivarius can win at Royal Ascot .
Well presumably PacifiCorp hasn’t gone through this testing of CS for fun
Therefore as power stations are under pressure from Biden to reduce their dependency on coal , it should be off we go time . I haven’t checked but isn’t PacifiCorp just one of 5 power stations that Buffett owns . Personally I am looking forward to the US quote .
My bad. I'd just researched further and was about to post it was likely down to CLN's. We can't all be as all masterful & knowledgeable as you, RB ;)
That said, they are shareholders none the less. :)
Seattle genuine question. What do you feel would be the next step for PacifiCorp if they conduct a successful test burn. Licence, order, JV?
They come under Gravendock – same beneficial owner as Lin. Combined holding of over 24%.
If you are going to make comments BE, try to show some knowledge. It is tedious seeing the likes make rookie errors like that.
When I say tedious I mean funny. Haha
Mister Seattle would know because he was a director once according to some on here.
Lin. was caught up in the CLN conversion. Share ownership by default when Sister Rowan and Double Diamond decided they weren’t going to have any revenue to service the CLNs and pay themselves obscene amounts at the same time.
Hey Seattle,
According to Interactive Brokers, it was Linarus FZE. And their source of info was from the UK register.
On their platform it's listed under strategic entities (corporations and holding companies investing for strategic stakes in companies)
And their holding is 18.37%
I assume it is correct.
Sorry BioEnery , which company did they buy 717m shares . If they had bought into AEG they would have to declare a 3%+ holding if over 117m shares .
Someone else thinks it is going somewhere, considering Linarus FZE bought 716.94 million shares in March.
Someone thinks this company is going nowhere too.
Near £ 100k of sales in one day for a company this size is further indication that the company is going nowhere.
People want out because it has been ruined by Rowan.
No production unit in Lumberton.
One small producion unit in Maine with 6 weeks licence only. Any profit halved because of Rowan failure in NC.
Nothing else to generate revenue.
No orders.
Over £ 1.8 million in BoD rmuneration in two years 2018/2019
Company loss of $ 1.1 m 2020.
2020 BoD remuneration undecalred.
If I really was your secretary I would have poisoned you because you are not useful for anything.
Selling - it looks as if somebody or an institution is in distress selling blocks every few hours , ie 9m yesterday and 4 sales totalling 15m today .A pro would place in one go . In time we will know.
See if they continue selling tomorrow .
I agree good post. As an aside I have been too early to market with a plc so I understand the challenges. This company has a executed just about everything poorly and the management are overpaid by a large margin. It can and should work but subscribing to a fundraising is a no no as long as Rowan stays in post. He is doing CLNs because he can raise finance and keep his job.
Good Post Aladdinsane!
https://webcasting.brrmedia.co.uk/broadcast/60c32b056d0c3357959e3491?s=09
Having reflected on the G7 debates, Biden’s focus on reducing emissions and listening to yesterday’s Aeg webinar (thanks Baggia), it’s quite clear that the market is now ready for coalswitch. It’s all well and good creating an innovative product but if the market isn’t ready for it then you’ll struggle to succeed, especially with AEG’s budgets. The market wasn’t ready, largely because of Trump but also because the competitor’s products couldn’t be mixed with coal.... it was just to difficult and expensive to move away from coal.
Am I right in saying that 37% of the worlds carbon emissions are from coal fired power stations, it’s something like that anyway!
So, Michael Rowan said in his latest webinar that Aeg tested the coalswitch batch for PacifiCorp and that it performed as expected. I’m going to take a leap of faith and assume that the emissions testing for production of coalswitch prove to deliver good results, low emissions...
So, if the above is correct, will Aeg struggle for demand, will they have leverage to create profitable partnerships including the negotiation of permits and sites?
As for the person doing his own research today about the CLN’s, great post mate, except you didn’t say what you would have done. It’s easy to criticise from a distance, all I can say is have you ever run a business, created a product before the market was ready to accept it, or do maybe you live in a bau kind of existence?
For those who invested at 6p or higher years ago, I hope this works out for all of us, but certain people are continually posting negativity here out of spite, their agenda is personal and their mentality is ‘if they can’t have / lead the company’ then stuff everyone I.e. all of us, we’ll just try and bring it down! Has Rowan done a good job, no he hasn’t, but could we now achieve our goals ‘Yes’.
So, if anyone is still reading, Aeg is well placed, this is a game changer, the time is now right and the company will hopefully succeed.
Good luck all
P.s. my secretary, who’s desperate to try and claim some weird ‘high ground’ with her punctuation is likely to follow up outlying my grammatical errors... thank you Potent Force, see you can be useful ;)
There has been complete failure to construct the so-called ‘first’ production unit in Lumberton.
The talk in today's RNS and statement is that Ashland Maine, the so-called ‘second’ production unit, can produce up to 35,000 tonnes per annum if it can get a licence. Ashland currently only has a temporary licence.
AEG have said they intend to make an application for a longer and more substantial licence.
“…we will submit a permit application to increase production capacity up to 35,000 tonnes per annum.”
It is pure talk. There is clearly neither a permit to produce 35,000 tonnes pa nor even a submission of an application for a permit.
It is just a typical AEG vacuous promise - mere talk of submitting an application and that is all.
If there ever is submission of an application and then, after time, the submission of the application is successful and then, after more time, production and delivery to hitherto unsourced clients, the profit is thought by Allenby to be ~$25 per tonne for AEG (because Player take 50%).
That translates to a potential Ashland profit for AEG of $25 x 35,000 = $ 875,000
That is all.
2018 boardroom remuneration as fees, salaries and share-based payments was ~$ 1,300,000
2019 boardroom remuneration as fees, salaries and share-based payments was ~$ 555,454
If a permit is applied for, accepted, and then granted, the profit from Ashland would only pay for ~ two-thirds of 2018 boardroom remuneration.
We are aware of a number of new appointees to directorship roles this year to, hitherto unfulfilled, roles that will add to the boardroom remuneration for 2020 and 2021.
AEG do not have a CoalSwitch production facility at Lumberton, NC.
AEG have only a part interest in a CoalSwitch production facility in Ashland, ME.
All other interests are being wound down. There is nothing else.
Go figure the real motive consuming the current BoD.
Preefty you in here too!
Been in and out of this one but think it's a long term hold from here in. Slow growing multi bagger me thinks.
Either that or locked in for an age lol
The 20 Ton limit is a killer for logistics, the quicker you can get it on a train the better but even that is problematic as there are so many train companies and every time you switch your load onto another's track the bill goes up. The richest guys in Georgia are the Tarbutton family and they made their money of the back of a short 3 mile line before they extended it to 10 miles. Both Tarbutton brothers became billionaires off that one track. I met with them many times, they are what they call down there good people.
The pellet industry is a high volume low margin industry and many a pellet plant has gone bust for not knowing the game.
The pellet industry
Presumably the trucks would have been going back and forth for 7 to 10 days to complete the order today . I am guessing but at 20 ton a truck that would be 45 trips .