Member Info for 30silver

Andy is right, the accounts need to be filed before 30 June (6 months from the Y/E as opposed to the 9 months for private companies) however I'd watch out for a shortening of the accounting period which would give them a further 3 months to file in case there's an issue that cannot be resolved in the next 11 days. I'd wager that all of the issues in the accounts are already agreed with the auditors (makes sense to finalise before issuing the RNS) so I don't see an issue with issuing by the 30th June.

Going concern absolutely not in question, as the adjustments were non cash, plus there's now a significant buffer - what will be interesting will be any updated guidance on 2024.

FWIW my view is that they knew they're going to miss the 2023 numbers, and they are using this accounting adjustment (which is often something that's argued over with the auditors - I know this from both sides of the table) to dump 2023 numbers in the hope that there'll be a net benefit to 2024 figures, after all you may as well miss by a mile, a miss is a miss.

Thanks Guitar - sounds rough and I agree this is definitely a shining example of what not to do (having raised money myself I know for sure I'd have done a better job).

I was asking more about why it was rising again, given that the fundamentals (notwithstanding the recent presentation about the improvements in production) haven't changed much, and yet the price is now over double the most recent placing, valuing a loss making business at more than £20m based on an order book that they still haven't confirmed that they can actually deliver.

I'm holding off until I hear more about then actually having solved the problems, and for me that'll come when they announce cash flow positive on a regular monthly / quarterly basis.

Managed to get £15k in at 1.35p (resulting in a holding of 1,111,111 shares) so I'm chuffed to bits at the progress, but what's behind it? I've seen precious little news since the placing. I've got a call with my SIPP manager today and will consider trebling my holding if I can work out how this can get to 3, 4 or maybe even 5p? As always DYOR.

Well this is annoying - I'm still waiting for my SIPP provider to get me all set up, in the meantime the shares are up 30% from when I should have been ready to pile in.

Any view on whether the price could drop back down towards the 1p mark once the new shares are all issued at 1p?

Thanks BD - I'm fairly comfortable I understand what's holding the production and sales back now, and I'll be holding this for at least a couple of years, although if it got to 5p within a relatively short period I'd look to cash out a chunk, then leave the rest to ride.

@Red - I hear you, I suppose we're all left waiting to see what happens in time - I'm with you on the spike then drift on news - it's often the way when people over-value something that doesn't lead directly (or immediately) to performance.

Hey Bridge (or do you prefer Dogg?) just wondering about that - I'm currently moving some stuff around in my pension looking to put a chunk into this, I'm working on the basis that it would be good to get it in before the open offer to ensure that the price hasn't already started to move? In your view is there a benefit do you think to wait until after the open offer so that there are a LOT more shares out there and it's potentially more liquid, or should I jump in as soon as possible in case it suddenly takes off? Also apologies if any of this is against chat rules etc and please don't get yourself into trouble with an answer.

@Red I think you're looking at the patent thing from the wrong angle, we're not looking at it from a royalties perspective which is what your post seemed to suggest (apologies if I've got the wrong end of the stick).

As I see it the patent relevance here would be a defensive mechanism against others copying whatever novel element of the process makes it better / more reliable / more saleable than the competition.

@Castle, whilst I understand the value of patents, I think with this particular technology the bigger prize is having systems that can be seen to work consistently, at expected output levels, on the types of fuels / feedstocks that will be economically viable. Being effective and efficient is the goal, as opposed to having something novel / unique in the process. If the "secret sauce" that makes the system work is something that can be patented (and that patent can be defended from infringement - make sure nobody from China is let too close to a full system / allowed to buy one) then you've hit the jackpot.

I like the use of SGS to help select and oversee the process with Agico - having spent time in Henan province (not Anyang where Agile are, but just east of Zhengzhou) with manufacturers previously, there are some diamonds to be found within the rough, you need a trusted partner (we had a state-owned Civils Company with us, including a CCP member) to make sure of quality.

I'll be certain to keep an eye on this, but the move from a 2.5tpd test unit (100kg/hr for continuous running) to something that will be economically viable is a long, and difficult journey. If you are dealing with Hazardous waste, then 250-400kg/hr is about the level and if non-hazardous then it needs to be minimum 1,000kg/hr.

The test runs have to be for at least a week nonstop, I've been to test plants that run for a couple of hours and then they switch off, it proves virtually nothing.

JCB converted a diesel engine to run on Hydrogen years ago, that said it's massively unlikely to replace diesel generators, because if you want cleaner and cheaper sources of power from diesel, just use HVO without amending the gen set at all.

Well that's weird - the Video just dropped on the RNS...

Someone has asked the question on the link, if they've dropped the AFC fuel cell - worth keeping an eye on the link, but it's unlikely that Acciona will confirm that - they'll have some Social Media trained PR type doing all of the responses.

Hey @andypa - I don't see it on the ST website, Hardman & Co website or on YouTube yet - perhaps it's still in editing before they release it? How long did it take for the previous ones to get uploaded? The November video was uploaded on 29th November which was a week after the research note, this time around the Research Note was uploaded on 9th May, so perhaps we're looking at Thursday 16th?

I'm not sure, it's likely that the accounts won't be finished because of going concern risk (hence the suspension from AIM) and it'll be a fire-sale of the patent in an effort to pay creditors, there'll likely be nothing left for investors, I'm staying out.

@blue - well aren't we a smart@rse? if you knew much about renewable biomass generation then you'd know that far more of the material comes form waste wood (sawdust) from logging / timber production (definitely not old, sickly trees) or from short rotation coppice like willow or poplar, because it grows back quickly and can generally be harvested every 3 years.

it's always good to quickly spot the rampant ******* on the board, so i know who to filter out in order to have a grown up conversation rather than with some @utistic bedwetter.

@Swazers you're right in that Government doesn't have anything to do with it (and I reiterate that I hope it never does) but I was responding to a specific point made by Castle - in that he said "Gov will be on to it like a rash ". As such I wasn't making an argument per se, but the foundation of the point was perfectly sound. No de-ramp at all, I hope it goes well as whilst I'm not invested yet (I need to see a little more, because what I saw years ago was not impressive) but I plan to be in the future.

@Castle - I applaud your positivity, but I really hope that the government doesn't get involved, unless we want them to completely f**k it up, we've seen it too many times that when government interferes, all they do is either slow down, or completely stop progress - we have to remember that those guys / girls are NEVER the smartest person in the room.

Agreed - he's clearly got a grip on what the issues are - time will tell how effectively the team can sort them out.

I thought the Chairman was a liability, as others have said, he was straying into "financial / investment advice" territory, and I'd wager that if their Nomad was in the room he'd have been getting a good solid kick under the table. You just cannot say that as a board member of a listed PLC, I know he prefaced it with "I'm going to answer this as a shareholder, not as the Chairman" - sorry, you're not allowed to do that. What was the other one, "we've got loads of problems but raising cash for capex isn't one" - really? No wonder he's being put out to pasture.

@MrProfit, I’m with you I think Ceres are better focussing elsewhere, automotive is likely to move to either EV or synthetic fuels before HFC is viable.

@mjallen - it is happening, but new landfill licences are becoming harder and harder to get, plus imagine the planning issues - most quarry reclamations I'm seeing are for inert landfill (i.e. for aggregate from muck-shift) but there are more and more aggregate wash plants being built now where the material can go to be washed, sifted etc into usable grits, pipe bedding, mixed hardcore like 6F2 and then obviously the sand and clay, depending on where it's from.