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Excellent info there Aandi I'll tell a mate who's invested to read your posts there, she's doesn't follow events much and those posts will make her very comfortable to wait for the rewards. I usually just press the recommend but you do post a heck of allot of data and we all value your efforts so from me and I'm sure my friend Cheers.
https://drive.google.com/file/d/1TOhJeBd2ku1Pw6hn-oB6k-8IwtwhJg0O/view?usp=drivesdk
Page 11 shows the project finance stages reached at financial close and beyond. It is now a simplified 4 step payment structure with 40% payable at the start/financial close (this was previously 25%)
Note all the hard work which goes into each project by eqtec pre financial close. This is the work being done now and over the past 18 months and more to develop the pipeline.
This is why stringent procedures are in place tto only move high quality qualifying projects onto thee pipeline so as not to waste EQTEC's time and resources on flops.
A timely reminder of the enormity of what is before us. I have my eyes on another top up as funds now in hand.
**Northfork due to be online in 2022, typo previous. We will soon be majority stake holder. Annual revenue of $4m to be shared by all equity holders.
First Greek project due to be online 2022
Italian project which we own 20% of due to be online Q2 2022
July update (not part of any RNS avaible on the eqtec website)
https://eqtec.com/agricultural-forestry-waste-plant-italia-mdc-tuscany-italy/
Then there are the two R&D units to be run at the universities. Then the 6MW electric plus 6MW steam (Co-generation power and heat) Movialsa plant in Spain with 10 years operation time. Not sure what slice of the operation and maintenance contract eqtec have but every so often equipment sales revenue is announced in the updates.
https://eqtec.com/gasification-projects/
Hi All
Great to read up on some superb research much appreciated
Still holding just over 2m of these little beauties ever hopeful these contracts finally come to fruition!
Have a great weekend
MFU
In Greece even smaller plants are being built.
There is a pipeline of 13 with the first 0.5MW plant already under construction. Value to eqtec €2m, its unclear to me if this is the capex or if this is project money due to eqtec for engineering and design work done pre financial close.
We are expecting the next one to reach financial close soon, see RNS below of the last one for an example of what to expect:
https://www.lse.co.uk/rns/EQT/financial-close-signing-of-contract-with-ewergy-bmdm7876t59pymu.html
A further 3 plants are at the planning stage in Greece, the first at 0.9mw is closest to financial closure, a 5mw planned and a 1mw with letters of intent signed.
USA we were told the other day we could see a wood biomass plant reach financial close in a few months with partner phoenix energy, kindly shared by rollonretirement:
"An interesting new article (for anyone who's interested) on the challenges developing biomass plants in California to deal with dead and dying trees and reduce the risk of forest fires. It includes an interview with Greg Stangl (Phoenix Energy CEO) and some discussion of North Fork.
I particularly liked "Stangl says his team is aiming to reach financial close on another project in a couple of months, a positive indicator of a shift in projects’ development pace."
http://biomassmagazine.com/articles/18165/on-fire
This is on top of the Northfork plant due to be completed in 2021 although there is a shortfall of funds which Eqtec will likely cover in order to turn this into a revenue erner plus technology showcase plant for further plants in the USA.
Then in the UK we have 3 projects at dessign stage, Billingham is the largest at 25MW and had planning permission granted back in December. Money from the recent placing has been earmarked for land purchase, Idex France agree to finance, we just need the EPC partner onboard, discussions ongoing. This will be the big news of the year (huge revenue at financial close and EPC partnership deal of some form)
A further 2 projects are at Due Dilligance stage with partners in the UK bringing the total to 5 UK RDF projects, 25mw, 9mw, 9.9mw (size to be confirmed due to recent Welsh EfW legislation change) and a further 2 at DD stage yet to be announced.
3 projects in Ireland, the first at Shannon has just received planning permission with conditions. No RNS yet so further details likely to be worked out before being announced.
2x Croatian projects being looked at, first was already built and now needs recommissioned under eqtec management so low capex quick turn around project once a collaboration deal is completed similar to the one done in June at the plant in Italy.
Aandi- can I just say your hours of research and sharing of it are very much appreciated!! This looks to be a fantastic investment for the future and I for one am loading up gradually at these low prices to make the most of it! Fingeres crossed it works out for you and all others here for the long term.
Most recent research by Align is 3.47p
https://www.alignresearch.co.uk/wp-content/uploads/2021/07/Eqtec_Align_Update_July_2021.pdf
They maintain their forecast of €15m revenue for 2021.
The 5p broker note from Arden is available on the telegram group at https://t.me/eqtec
Pipeline currently over €600m and 76 projects.
Projects range from 1 - 30MW in size with capex ranging from around €7m - €200m
2 projects reached financial close in 2020
1 already in 2021 with 5 to 7 more expected 2H 2021.
€6m in Bank at start of year, £16m cash raise completed in May. Revenue for this year forecast to be €15m increasing to €63m 2022.
Tenpins will now spam the board with negativity to try and get this post away from the board.
There are some rampers, mainly all believers and maybe 2 derampers on this board! Gla and usall caveats! =)