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In my opinion a week overdue... NEVERTHELESS!
https://twitter.com/aegplc/status/1404330395332657152?s=19
"The PacifiCorp order delivered to the Hunter Power Station in Utah represents a
fantastic opportunity for AEG to use a world-class platform to test CoalSwitch performance. This trial run is being conducted in
conjunction with a study group from the University of Utah and Brigham Young University and will provide exceptional data and analysis
of CoalSwitch performance in an operating environment, which we anticipate will support future marketing activities and additional
commercial interest."
https://www.aegplc.com/investors/regulatory-news/
Makes me feel like it's delivered. I did say here that I'm not fully expecting an RNS saying it's delivered. Just one when the results come back
Come Monday. If there is no RNS I assume the order has made it on time.
I agree this is sh¡t communication. However I refer back to a while ago from Camarco that we would get an RNS should the company feel they can't make the order.
In my opinion if we get no RNS on Monday it should be assumed it's made it. And we await an RNS for test burn. It's not ideal.. but it's what we've got and it won't surprise me if I wake up to no news.
Welcome if this isn't your last time.. although I've seen a few post first then never post again because some of the toxicity here..
Not exactly a Rowan fan but not a Rowan hater either.
I'd be happy to be back at 1.2p Q3 gives me a tasty profit
"In the past month, AEG has constructed a pilot plant in Ashland, Maine, where we have begun production of CoalSwitch that will soon be tested at a power plant in Utah. The result of this development will be actual data on the environmental impact of both our products and our manufacturing process.
We will share all this data with regulators in both Maine and North Carolina, and it is our expectation that it will show that not only can we produce cleaner fuel, but we can produce it cleanly."
From the article shared here.
Hopefully this means NCDEQs request for additional info is indeed emissions numbers explained the delay and we get that up and running prompto!
Some buys are appearing as sells but not many.
Since the RNS saying production has started buys and sells have been practically even.
From what I can gather there is still some scepticism on if they can make the order in time.
Impossible to know in my opinion. But I haven't heard of any inside leaks. Someone said it a few days ago because of a sell but no one knows.
Alls we can do is await Monday and then await burn results.
I think that after this 900 tonnes is done it should provide the emissions data to NCDEQ to get Lumberton permits done.
NCDEQ have asked AEG for additional info 3 times. They responded to the first 2 swiftly. I believe the 3rd is yet to be answered. Only reasonable explanation to me is that they need to wait for the data from Maine. We shall see.
That the coalswitch to Pacificorp has been delivered on time. Would also like to know more details of how long the test burn would take. But the communication ain't great.
Monday and whenever the test burns (1 or 2 weeks perhaps?) are completed are 2 massive days. It's make or break. If you hop on, good luck.
PF, Rowan has stated there is a lot of interest in the fuel but announced no orders or licensing. I believe this could be because they are dependent on the test burn being successful at Hunter.
He's also said before Pacificorp would be interested in a greater relationship should it go well.. however they're a bit far for that so I'm unsure. I anticipate Duke enquiring about it. And if that is indeed the case that would be big as I'm sure you can agree!
I was of the belief that there will be multiple burns lasting over a period of time as you say. The multiple burns being testing different mixes (such as 80/20, 50/50 whatever).
Let's say they do 5 burns we will be fine as long as they get 180 tonnes there by Monday?
Lovely news to wake up to.
I believe this should indeed mean that AEG wins the RMDE case. And could perhaps even countersue for damages?
The RMDE case made the SP tumble so much and we're still at the same price we were before the RNS announcing production!
2 positive RNS in a row. Must be a record, let's make it 3!
All's we can do is await the next RNS sometime around Monday, assuming they give us one for delivery on time, we know what they're like.
That will tell us in plain English. Is the SP going to half or go up.
And I've heard nothing about any leaks, anyone have any extra info on this? Thanks,