Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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Yep. Not much longer and that M will change to a B. 1000 bag incoming.
Another fantastic month for Palumbo, Jeff and the team with both of those pocketing €24k each despite thrashing the shareprice down close to their all time lows .
5 years it's took Palumbo with his expertise and Altairs help to turn EQT with over £50m funds at his disposal into today's cap value of £4m.
Comforting to know it's all legacy and the Markets fault and not the BODs as mentioned at the AGM.
I've got Italy down as 1m EBITDA, where does 2m come from ?
HTTPS://www.proactiveinvestors.co.uk/companies/news/999046/eqtec-says-italia-mdc-plant-on-track-investors-agree-to-fund-enhancements-999046.html
Eqtec have tech for waste to green hydrogen. They have collaboration agreements in Italy to develop it so your in the right place. https://www.h2-view.com/story/eqtec-and-poseidon-lng-hub-to-develop-waste-to-hydrogen-projects-in-northern-italy/
Looking at Phoenix energy the Northfork plant will be commisssioned this month so when this goes live Eqtec, subject to our shareholding this should be worth around $4m a year from the operating plant. would be great to get this live so we have Italy generating a 2m profit and Northfork $4m and in both projects we are majority shareholder. Best part is the maintenance contract that will generate income each month. And did i mention market cap is just over £4m for entire company? Just legal dispute with Logic could be similar :) if we line up our ducks £40-£50m market cap is not unlikely this year but need those ducks to line, not that they ever have but maybe this time!
Hi all, do you know if EQT produce and sell H2 or it has an interest in H2 in the next months? I want to load up and invest in the cleanest energy source, what will solve our planet, H2 economy.
Electrification leads us nowhere, only H2 will emerge as technology for a sustainable future
Tariq4lyf,
I would suggest you make your own informed decision.
Seems you have Been around a lot longer than those trying to give you advice.
There are over 500 of us elsewhere with much more information who are more understanding of the situation.
In the old days you might send a telegram nowadays you get lots of paid messages so check by research and then decide.
On averaging down maybe its wise to follow Palumbo and the rest of the BOD who dont seem to keen on keeping their ownership percentages up with their twice yearly confitti issue.
Palumbo has 75m now worth £18k
Jeff has 28m now worth £7k
@tariq4lyf - You would be insane to do so, this company has lost all credibility from the majority of its investors. It will never go back to where it was, ever.
Also thinking whether there is any point in averaging down or not.. need current share price to 15x to break even
Eqtec are the supplier on this project so more a case if Carbon sole can close the finance. Eqtec only just raised £3.5m and we should have banked nearly £2m from recent front end engineering projects for starters. I think Eqtec have the projects to stand on their own feet, albeit after at 98% collapse in the share price from the peak and £50m of investment from last 5 years. I feel the current £4m market cap is not really factoring any of this in.
How much cash does eqtec have left in the bank?
Great news. Hopefully they have funding as well so they can crack on as i hope after a 2 1/2 year wait they are eager to get cracking. so many projects bubbling along Eqtec could be 10 bagger in 2024 but most people will still be underwater. I have been averaging down but my word Eqtec need to deliver not just in revenue but in the boards plan to get back all investors money that has been placed into their trust. I remind myself of Richard Branson who took Virgin public and was so upset when shares we trading below the issue price he borrowed the money and paid out all investors at the listing price. That is the sort of management you want who are embarassed and will not rest until Eqtec give a return to investors.
The Irish Planning Appeals body, An Bord Pleanála, have finally (after 2 1/2 Years) reached a decision regarding the appeal against the decision to grant permission for Carbon Sole's Bioenergy Park in Stonehall, Shannon, County Clare....
The decision is to,
"GRANT permission for the above proposed development in accordance with the said plans and particulars based on the reasons and considerations under and subject to the conditions set out below."
For those too young to remember the project, here's a video presented by Carbon Sole CEO, Sean Daly
https://youtu.be/ABkqMqxpyZw?si=B-SqOZdWOYe5d5of
Today was the first time I have seen 20kg bags of biochar for sale. $55 Australian dollars a bag, for sale in all places an animal sanctuary.
A warehouse full....really? You are funny C909 :-)
One man's 'vast quantities of Biochar' is another man's 'enough biochar to fill a truck for economic shipping'
No let’s keep a warehouse full instead of the cash we would get from selling it!
It’s flying off the shelves!
The winners of BBC One’s 2023 Traitors series has been announced, they have spent weeks lying and cheating and finally walked away with everyone else’s cash
Sounds like Palumbo and JV Liar!
Lol, yes let's ship it out a bag at a time.....what a tool....
Oh dear, they can't seem to do anything right, can they C909. Why don't they just put each bag of biochar on a truck and ship it to the customer as soon as it comes out of the gasifier....what twits they are!
You don't make a profit from storing vast quantities of Biochar, you make a profit by getting it out of the door, from JV Liars photos looks like EQT are currently doing more of the former rather than the latter !
Have you proof that its profitable or just assuming it is given the recent refinance loan ?
Yep. It's profitable.
As with everything Jeff and Palumbo posts or says you've to read in between the lines.
Sure we accept they are producing biochar and exporting electricity to the grid from the Italian MDC but is it profitable ??
Been another fantastic week for Palumbo and the BOD pocketing €6k each up from €4k when Palumbo took over despite destroying the shareprice by - 75% in those 5 years and delivering a grand total of €144k from the 27 staff at the recent interims .
The Company is focused on maximising shareholder value in the near term through greater recognition and adoption of its commercial applications by global infrastructure .....
Only down -97% since that little nugget was spewed out by Palumbo in the july 2022 RNS placing ramp .
Visiting-ghost please tell us how this plant won't be able to produce biochar https://www.linkedin.com/posts/jeffrey-vander-linden_waste-biochar-toscana-activity-7156209595885961217-rPwa?utm_source=share&utm_medium=member_android