Member Info for aej22

Hi Norfolk. Not sure that's entirely correct. On the daily chart looks to be a symmetrical triangle part of a bull flag pattern, following the sharp rise from 1.5 - 2.4 (the "flagpole"). However, the price is currently testing the lower side of the triangle, and in theory could break downwards although of course we hope it will bounce and break out to the upside instead!.

Hi Andi, thanks for the links and info - very informative. Could the answer to your question be that there are already bigger, more established players than Eqtec with a larger market share? Eg just looking at the Air Products website, following on from one of your previous links:

https://www.airproducts.com/applications/syngas-solutions

They describe decades of experience in gasification and already have large scale projects around the world, including China and the Middle East, which have been successfully running for many years. Looks like many of these are also involved in hydrogen production as well.

I guess Eqtec’s aim is to try and get a tiny piece of this huge waste-to-energy pie for starters. Looks like Air Products has a 50 billion dollar market capitalisation currently - here’s hoping, eh?!

After watching the sp all day yesterday, in my eyes the probability that the sp ever again goes below 2.05 is close to zero. But thats only an opinion. Dyor :-)

Just got quoted a buy price of 1.99. However, unable to buy anything less than £2k worth...

Ophidian, many thanks for sharing such knowledgeable insights into the technical aspects here. As an amateur chartist, I found it extremely useful to have my own views confirmed.
Please feel free to post similar insights more often if you have the time, as they are greatly appreciated!

Excellent news!

Does that mean that EQTEC can claim all costs associated with the case from Aries? Or will they still have to foot the bill? Plus compensation for tarnished reputation?

You might be lucky! The anticipated share price was 1.07 GBP (post consolidation of 266:1) following the reverse takeover.
Following this latest RNS I’m not sure what to expect though...

Matlot, do you have revised dates on when you would expect the rise to 300p?

Hi V111jas, I have a keen interest in the technical side of things. I found it interesting that the share price gapped up to 30% ish on the day of the Toyota announcement whilst previously, after Billingham, the price had a gradual sustained rise of a few % per day, with no gaps, for Dec and Jan.
Looking back at the daily chart it is evident that most, if not all, of the previous gap-ups were later filled at some point.
Hence I would expect the price to be driven down as closely as possible to close the gap (on the daily chart down to 1.60). I suspect this will be very brief.
However, in my experience it still may be impossible to buy anywhere near this if the spread remains wide. So eg even if the chart shows a gap closure down to 1.60, the buy price may remain at 1.75.

It will likely drop a little further to close the gap from the day of the Toyota announcement. I fully expect this to be a quick dive down to as low as 1.60p before a rapid bounce back. However, with the current wide spreads (on IG anyhow) it will likely be impossible to buy that low.

Was a good opportunity to top slice this morning! May have an opportunity to buy back a little cheaper later or in the coming days as that large gap up from this morning is closed....

Anyone shed some light onto this latest RNS and intended share restructuring?
Shares have already been consolidated by 266 to 1. Are they still planning for 1.07GBP per share?

It’s a pity really, as their appearance on this board is a very bullish indicator / buy signal!

From the technical analysis side of things, a poster on Twitter had previously posted a chart with a harmonic pattern completing at the 1.5p area from the recent rise, which is being hit now.

It’s getting more and more over sold and that, combined with the sudden appearance of the doom-and-gloomers here leads me to conclude its a buy.

Well, as suspected. Not completed by the extension date.

However, this is interesting:

"The Boards of Challenger and Cindrigo are investigating an alternative transaction structure to achieve the proposed reverse takeover of the Cindrigo business by Challenger on potentially improved commercial terms."

Something to do with the Chancellor's latest announcement of funding for green energy projects?

Either way, should be an RNS Monday!

One more day now!

Should be long enough for even the incompetent ex Chal CEO to achieve, surely?!

The Chal website has been updated to show the new CEO and team from Cindrigo.

In my trading account the number of Chal shares has been consolidated (was it around 200 to one) but unfortunately still showing 0.13p per share rather than the new anticipated price of £1.07 per share!

“The trigger for this disclosure obligation is due to Henderson Global Investors Limited moving below the 3% threshold. The overall Janus Henderson Group Plc holding remains above 4%.”

Hopefully that’s the gap closed from today’s open. Onwards and upwards!

Any thoughts on the large gap left from this mornings open (at around 140)?
In my experience, Metro loves a good gap fill later in the day!

From open down to circa 134....