Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Ireland projects are also on the go. From last years interim results:
· In Ireland, the Company announced on 25 July 2023 a collaboration framework agreement with Irish development and project management company Domi Ost Limited, for deployment of EQTEC solutions into Ireland, especially for RNG, hydrogen or other advanced applications such as ethanol or methanol. The Company confirmed that the parties have identified four projects for joint pursuit, one of which is now under active development.
Need to bear in mind Italy was able to refinance for €2.5m as bank was satisfied the plant was operating as expectee in December 2023 and its early issues have been down to 3rd parties. Obviously not great but lessons learned. Idex have placed a huge dollop of credibility lining up Eqtec in the start of dozens of plants in France. Same in United States. I also remember that Eqtec tech having been proven in small projects was able to get insurance that guaranteed a level of return. We have wood group and many others hitching their train to the Eqtec wagon. We need to move past the mess of DPs rose tinted specs and now focus on delivering Croatia, France, Greece, US and other projects around that world that are in play.
Visitin'ghost, I think you're paid to be here and spread nonsense. You have done nothing but deride, at a personal level, the board. That is nought to do with the tech.
You switch from one to the other to suit your current narrative and now the conversion goes back to tech more than cash, you attack there instead. You have no facts, you are unable to provide sources, unwilling to concede the tech is insured and highly regarded and attack anyone who has a positive view.
You claim to not be invested and yet you're still here. Why? From your own good grace, during all working hours when one might otherwise be working? I put it to you then that this is your paid work, to deliberately attempt to suppress shareholder sentiment and as far as possible the value of the company. Vile actions.
I do not have shares of PHE, never had, just one guy here asked me what I think of PHE and after evaluating their tech I concluded it was not worth investing in it, conclusion I still have, since their value proposition (H2 economy) is rubbish, the H2 economy will never work.
On EQT: I evaluated the tech for an investor and I concluded it was not worth investing, their value proposition was wrong and the facts confirm my evaluation.
Please notice: my evaluation are always starting from the tech, financial wizardry is not my cup of tea and 95% of the cases in my evaluation I do not need to start to dig in the balance sheet, it is sufficient to understand if the tech is working and it has the relevant market and what people usually do with the same raw material as alternative scenario. EQT and PHE fails miserably from this point of view.
Didn't take long to sort the intelligent investors and the trolls out.
Add to that Computer909 as also about 95% EQT and all of them are negative with no useful information provided whatsoever.
Ah and the 3 musketeers arrive with their green boxes
BOD should be judged on share price performance. FACT 100%
Q: "Can someone explain how come this is valued under £3m"
A: Palumbo and vander Linden
We also appear to have some little boys trolling the board for their £5 contract for differences trade - Pander12 (100%EQT), BurranBoy(EQT and COPL but changed from COPL yesterday - likely opened a CFD short bias on the 1.85 "spike" yesterday or Wednesday lol), and Foxyjoe (100%EQT)
You can usually tell when you look at their profiles and they pretty much only comment on a single share in any given month (or, in somecases, only ever this share - means it is a multiple account only used to troll a particular share).
GLA
Wouldn't trust them to walk my Gran across the road.
Aldeep - most likely due to the financing required to move away from the previous business plan of high risk high capex projects. This new method has already proven to be somewhat successful with 600k EUR revenues in Q1 24. I think when the £2mln arrives mid-end May we'll have more of a following. I am a long time lurker but have recently invested some small % of the portfolio. will reassess as news and revenues increase.
Good luck
Because of the BOD!
£2m on the way from logik
Company generating revenue
Strong future orders and pipeline
Can someone explain how come this is valued under £3m
@MyIPA - I'm definitely well out of date, luckily I've got a bank holiday weekend to catch up.
Verde are not stupid. Why buy at 2.4 and 4+ when they could hoover the shares up for 1.6p
30silver - Ah I didn't pick up on that you thought the company was actually running these entities. No, the pivot from November 2023 is basically equipment and engineering designs/support so the profit margin is up to the local entity to ascertain depending on local waste needs and requirements (e.g. fire regs in california).
Might be worth revisiting the site and rereading the recent RNSs.
GLA
Palumbo continuing to thrash the shareprice as usual in this POS.
Market Cap now under £3m and he is still determined to roll in the gutter with Verde and issue yet more confetti.
@Trytrytryagain It could be, as I said I'm familiar with the Company from quite some time ago, including a face to face meeting with the Chairman way back in 2018, I wasn't sure about the application of the technology on RDF then, and I can't find any evidence on the website (I'll admit I'm a LONG way from up to date on the RNS's etc) that they have any RDF plants up and running - the usual pre-requisite for an insurance wrap on performance. If you can point me towards the insurance company who will provide that cover, I know of a project site looking for technology and this would be a massive de-risking exercise for the developer as performance guarantees through an EPC wrap is not only nigh on impossible to find for kit other than HZI, but prohibitively expensive unless you're at massive scale (at which point you'd be using HZI anyway).
I think you're adding a step in which isn't needed, Silver. Eqtec won't own or run any plants (save MDC's) and the model is for large waste operators to own them theirselves IRO RDF, MSW etc. Small biomass are much more locally operated, especially in California, where I believe they're essentially paid by the government for the waste for fire prevention.
In either case, although Eqtec are pursuing the large RDF plants (and insurers are willing to insure the Eqtec technology at a very high operational availability), they have said their sweet spot for the tech is the NF size plants, running on waste biomass. These can be rolled out fast and (comparatively) cheap and are already almost cookie cutter in their similarity plants, with just minor adjustments for specific feeds.
30silver - no worries!
Yes reasonable route there. Everyone makes a profit - even if they have to double or triple the cleaning. Plus the EfW makes money on gas/energy outputs (obviously also has costs e.g. removing their unusable waste plus ashes).
I think most new investors are willing to give this pivot strategy a chance. I am.
Looks like we now have the trolls out trying make £5 on their CFDs.
It's amazing how many throw away comments there have been since the RNS. The basic maths even accounting for an unknown cost reduction clearly shows that there is not enough coming in for the short or medium term. They still need external finance.
The SP was catastrophic before but will continue to tank because without those funds no auditor in the land will sign off their accounts as a going concern. They need cash and they need to start winning contracts. Anyway you cut it this is still heading towards insolvency they need much higher revenues. Verde will have done their due diligence and they know this. This is such an awful company and DP and JVL should be removed but can't be because they've showered shares out to hands that are the only ones to have made money out of the collapse in value. This stock is a typical AIM sham company and the stock exchange itself should be ashamed to just allow these charlatans to continue.
The only time to buy would be if the BOD buy a decent amount, not 1% of their yearly salary worth!
It's obviously not going to recover. The trend is down and will be to 0.01. No one sane is buying
And anyone thinking of piling in at this level? Market cap will be less than Palumbo's yearly wages soon.