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First of all pubs were open during eat out to help out and all and yes I most definitely took advantage of that. Cheap booze in Wetherspoons and Wainwright gold's only £2.39 a pint! I loved it. Add to that the fact that the legal drinking age is 18 and I was 18 before covid hit and oh look :) not that it's any of your business but I was 18 in 2019. I know all about going pub for a pint with someone yes, sometimes a pitcher too!
And I'm self taught about investing and shares. Didn't go private school so wasn't taught it there. Just that I know how to use Google. :)
And you seem to have ignored my first point. Do you still think it's arrogant to answer someones question on here? Or do you think it's the right thing to do? Such as if they want to know if the Hunter plant is part of a bigger group.
Anyways going to ignore you from now on on this thread as I have and will with potentforce. As per my earlier post. I will not filter anyone out because I still want to read their viewpoints. However I will no longer respond to you unless you make a valid point in the future. I will no longer respond because out of no where you allegate that I am lying about something as simple as my age, you make fun of my age (or be outright ageist) and make silly accusations such as me being with AEG, just because I am bullish about the company and (how it started) because I researched the permits and found the hours operational.
Thanks and will talk to you again if I see a valid point made.
Because if someone asks a question on this board it wouldn't be very nice to ignore it would it? Because no I'm not arrogant, I was new here once and you know I wanted to ask questions to get to know more. If someone asks something and I know it I will answer them, because that's the polite thing to do. Such as earlier when someone asked if the intended power station is part of a group. Am I arrogant for helping them and answering the question I think they asked?
And as for the next quote you love taking it out of context. Actual quote: "And also here for my own information gathering in case someone says something I've missed or if someone sees something different to me and I can look into it."
Meaning is quite obvious but I'm case you need it explaining... If someone says something about the company I've missed and I don't have in my research. Then I'll look into it to add to my research so that I have it all up to date :)
Oh and btw anyone can answer questions here and anyone can ask. Age is no barrier.
I'm here for my own research.
And if you can call me arrogant then I think you're ignorant for saying I can't do things here because I'm 19 "Why as a newbie 19 year old do you think you are in a position to answer questions people may have about the company there Bagga?" When anyone is allowed to do that. Almost like you think I'm not knowledgeable because of my age. That's ignorance.
And it flatters me that you think I'm with AEG you must think my research is good enough that you think that thank you so much!
Again you can believe what you want. But from what I've gathered you won't believe me unless you had a pint with me would you? So there is no point.
I can handle it, bounces right off me!
I'm here to answer any questions any one has about the company to the best of my ability with research which is the latest information. And also here for my own information gathering in case someone says something I've missed or if someone sees something different to me and I can look into it.
I'm not here for the insults and accusations
Yeah crowfoot I'm just ignoring them. Something about them that they can't handle me being 19. Just trying to get in the game early. Out of nowhere calling me middle aged haha it's really entertaining. It's as if they think that it is impossible for young people to be knowledgeable about investing!
They can believe what they want it doesn't agitate me in the slightest, hey I'd even get a pint with them still and discuss all things investing! They could even see my face then, but then they would run out of false claims to throw at me.
Crowfoot have you listened to the latest webinar?
https://webcasting.brrmedia.co.uk/broadcast/60a5307e7961e22517771ad9?s=09
I believe from Rowan talking about the increased demand, that both plants could likely be running simultaneously fulfilling orders across the east coast as well as pacificorp (I imagine the pacificorp order going well is a big thing because it proves to other customers it's a viable technology). If they can get Lumberton up and running at the 3tph it should quickly become, and get half of the 5tph. A good 5.5tph of coalswitch worth of profit for AEG!
At the moment that's my best case scenario for this year
The Hunter power plant is the first power station AEG deliver to and I think they all fall under an umbrella of pacificorp owned Utah coals fired stations. Not sure if that's what you meant though.
Agreed, AEG SP will be in the 0.6-0.9 range in my opinion until we get that RNS saying test burn has been successful. Then hopefully push back above 1p and hold there until we get more news on more orders or licensing agreements.
As for licensing I think this is also a possibility with the mini coalswitch reactors.. for me I've always assumed that licensees will be getting their own larger scale plants and selling the coalswitch for their own profit in which we get about $5 per tonne at least (as per the RMDE license which is now gone)
And yes despite being posting here since about February I know of all the broken promises and failure.
But as you said with AIM markets it's a risk. But for me reward far outweighs risk here. That is just my opinion though
And yes indeed the Hunter power plant is far from the east coast. However as Rowan says in the webinar they're on the east coast as that's where the interest is and also where we can ship off to Europe.
Just because we have 1 order from Utah doesn't mean that the interest isn't mainly on the east coast.
And if the plant can produce at the rate I predict I'll be delighted thanks :).
And at least you can appreciate how hard it is to make the two plants yes!... Which is the reason for the lumber decline in my opinion which is why I trust rowan on that.
You can at least appreciate the effort they've put in for this and I think it's highly likely they've turned a corner.
Oh and that last line
. Yes it is what it is... Future opportunities opening up more as we have greater capacity so can provide more reference batches
As I said last reply to you on this thread for reasons I've already stated. You think what you think and I think what I think. Do I think there is a risk? Yes of course the risk here isnt small... But the reward far outweighs it. And risk reward powers all my investment decisions.
Potentforce this is my last reply to you on this thread because it's getting silly. For example you insulting the fact I'm 19, bit pathetic of you that. In fact kind of hypocritical with your maturity, especially as you're the one going around throwing false allegations of me being close to the BoD. That's what I call immature... And I can tell you that I can read yes. So I know the research notes arent independent :)
I can read so much that if you're going to got through my old posts, as you are, I can bring up the fact that whenever in this thread I have said something I assume you don't have an answer to, you haven't answered and have just ignored it. Example when I asked you why you were saying that we were giving 50% of shares in the JV when. To quote you it says that no where in the RNS so what is your source? Maybe you're on the BoD as you know this and it's not in the RNS as you said to me. Obviously a joke from me because I don't go around putting out false accusations.
And one more thing about you making fun of my age saying maybe I haven't read that the research notes arent independent
You really think I haven't done my research when I found the permit application and found the hours? Anyway... On to responding to you...
I indeed said I think the plant would be completed by end of April as in the SP angel research notes that is when the earliest day of completion was stated for. My research is always up to date until better information comes out. All old research can be out of date. That's just how it is. I use the best available public information. And at the time that was April.
The initial permit modification came at the end of April. I assume this is why it wasn't done by the end of April.
Yet again for the training... Just because it says PDI will be training staff for future operations yet again this does not mean there are no trained staff at Lumberton. Future to me is meaning operations that currently aren't in progress and are in the future. But we will just go around on that. Believe what you want and read into it how you want. Because I read into it a very different way. But sure that's fine
And yes we are giving 50% of profits of the Maine plant. The Lumberton plant should still be operational soon and so no. In my opinion the Lumberton plant should be up and running. And they take no profits of that.
Furthermore in the medium term it is much much better to have maximum 10tph capacity than 5tph, and we may have needed to get to 10tph soon anyway and guess what.. we would have had to pay PDI for it anyway. This is giving us the funding for the plant and the way we pay them back is with 50% of profits... I'd rather 50% of that than 100% of nothing in Maine.
I believe the Maine photos are real. Tyler player is the CEO and wouldn't let Rowan post fake pictures youd hope anyway. But do you have proof of Rowan having put up fake photos? Just wondering.
Continued-------
Just because my research found something you didn't doesn't mean I have close ties to the BoD all of a sudden does it?
Your allegation amuses me.
There are other places to do research other than the RNS. My source for this I got by looking at the NCDEQ website for pending permit applications. And with a bit of Google you can find the application states an expected running time of 8000 hours per year with a maximum running time of 8760 hours per year. Do the maths and voila. So going to stop making false accusations against me or not??
Oh also you're back with the no trained staff lie. Try reading the latest research note where it is clearly stated they're going to be trained by PDI for future operations. Perhaps such as increasing capacity of the Lumberton plant.
I believe Rowan from the latest webinar because
A) it makes sense.
We didn't know this had been going on with PDI and it has probably taken a bit of effort (I know you like to think rowan does nothing) to sort out shipping equipment over to Maine, sorting pacificorp order to go from Maine. Sorting out legal stuff. Sorting out permits.
I am neither a Rowan lover or hater. But to say he's guilty until proven innocent is what you're doing here.
Do you never think sometimes the obvious explanation can be the right one? And the reactor is all but completed (see research note). Furthermore they should have the Maine reactor working by end of may (see webinar). I'm making sure state all my sources so you don't accuse me of having close ties with the BoD...
For the 7.5-10 tph. The SP angel note or the webinar. I can't remember. One of them states that the new Maine plant is 5tph. Then add on the lumberton plant of 2.5tph (it's what the permit says. I believe it will be 2.5tph to begin then quickly become 3 as stated in prior RNS. Then eventually become 5tph) so I'm saying the lumberton plant is 2.5-5tph. all's Im doing is adding the numbers for Lumberton and Maine plant together and you get the overall capacity is 7.5-10tph
Handwinder, from what I know the plant will be running 22 hours a day and if in a rush can be pushed to 24 hours a day. At 3 tonnes per hour the delivery can be produced in 13 days so we would have another week get the permit modification through with NCDEQ. It's not exactly impossible, perhaps improbable. I stated before 30% chance with the Lumberton plant..
Still I think the JV was not because they thought they couldn't make the order in time. To me the JV just makes so much sense as to why and the benefits to a long term investor!
Again I reiterate, they haven't said they are shutting the lumberyard down. They said they will re-evaluate it, that's all and the RNS says it's just been a bit slower because of focus on coalswitch plants, and under the Biden administration I very much believe it is worth it to push hard to ramp up production and grow.
Potentforce
PDI will train AEG Lumberton personnel for future
operations. What exactly is your problem with that? They're part of a JV with AEG now and they already know before AEG do how the future plants are going to be such as the 50tph. Absolutely nothing wrong with that.
Don't make up nonsense such as AEG not having trained personell to operate the Lumberton reactor, what are you trying to achieve in exaggerating your point to the point in which it becomes false? Just curious.
Unfortunate and unforseen your saying is the wrong language because you saw it coming just because rowan in your opinion ain't great.. you think Rowan is sitting there in his office thinking "what will I mess up next I need to prepare for it". What's even to say it's 100% Rowan's fault! Maybe it isn't exactly unfortunate... But unforseen as yes they didn't see it coming.
Some time doesn't mean nothing. It means it hasn't been a rush job.
If they hadn't have stated it has been some time you would be here calling it a rush job. So they've come out and stated basically no this isn't a rush job. Which in my opinion it isn't as this gives us a great pathway for the future and much more supply for the big demand. But no matter what they said today you'd call it a rush job wouldn't you?
In my opinion "some time" does indeed not mean a few weeks. We all know how long PDI have been here. My opinion is that Rowan just sees the advantages here of teaming up with them because as I said before with someone complaining about is having a lawyer and not an engineer in charge. Well now we have an engineer in charge of the JV.... But you complain.
Immediate operation by may 15th. They probably didn't have a fixed timescale of when this would be ready and may 15th was earliest. We are currently on track for end of may
As for NC Rowan states that it was chosen not just because of the lumber. But also for its positioning. It provides AEG with opportunity to ship to Europe easier and cheaper. And they've also got interest along the east coast, hence why both reactors are in the east coast. All's it says is that they're re-evaluating the lumber. Could mean anything, and if it does mean they're ****ting it down then the only reason for that is that AEG must have plenty of supply of feedstock already produced or from third parties.
And also why are you saying about AEG giving up their IP?
It's the same case without the JV, they made the plant so they know the IP. As also it would be the same with anyone AEG contracted to do this. Unless you want Rowan to put the plant together himself..
Also please tell me where you get the info of a future 50% hand over of shares because I can't find anything and it just looks to me at the moment as outright false.
The agreement is 50% profits from that 1 Maine plant and any future plants constructed under the JV. So AEG keep all potential licensing profits, AEG keep all Lumberton profits.
HKU, a temporary permit has been granted in Maine for the initial production of 1000 tonnes of coalswitch no later than July 2021. The Pacificorp order is going to be produced in Maine, not Lumberton. The plant should be finished by end of may and with it being 5tph and running 22-24 hours a day it gives us plenty of time. Hopefully I don't look back at this and I'm wrong..
But I was only 30% sure we'd make the order. Now I'm 80% sure.
Although 100% agree more positive than negative. On fact I see 99% positive here.
May I ask potentforce,
Do you really think this is a rushed deal only signed for the pacificorp order?
Think about who the president is right now and his green energy plans. AEG need to be in a position to prove their product and process with test batches. And then be able to ramp up production and licensing to meet this demand for clean energy.
The JV here gives us that pathway. AEG can ramp up production faster. I can't remember who it was who asked why we have a lawyer in charge and not an engineer. But here we now are with Tyler player CEO of the JV, and people are still complaining!!
I've sat on the fence of the rowan situation and still will. However even you must admit having Tyler player onboard is massive.
We look to the future. Biden in charge, Loads of demand, we get the pacificorp order done, we get the Lumberton plant done. We have more capacity and we can provide test batches all around. Look to the future, let's have some optimism.
I am honestly shocked that on here I have seen pessimism despite what I read as an amazing RNS. Guess it gives me more time to load up on shares.
I very much agree with crowfoot here.
I see this deal with PDI as a positive.
1) The pacificorp order will be fulfilled despite the mess at Lumberton
2) by EoY we will have 2 fully functioning plants, between 7.5 and 10tph, shipping off coalswitch across to prospective licensees or buyers.
3) from my reading PDI only get half profits in the Maine plant and any future plants that are created under the JV
4) following on from 3, it gives as a bit of a clearer pathway and hopefully gives us funding for the 50tph plant in the future
5) lumber operations slowing down was explained in the most recent webinar to be because the focus the last few months has been on coalswitch (which I don't mind as it's a short term hit on profits, focusing on the long term. And I'm here for the long term).
Furthermore the RNS states that the impact to the financials won't be large because higher prices and lower production. Most likely still breakeven this year
6) Rowan claims the reason this plant is being constructed is not just because of the pacificorp order. But it is actually because of increased demand which the one plant in Lumberton won't be able to cater for.
I'm sure there is more I've missed.
Glass half full here. And I think this is exciting for the future! I will be buying more next week as I put my money where my mouth is.
o first CoalSwitchTM production due to commence before end of May 2021; and
o AEG remains on track to deliver CoalSwitchTM to PacifiCorp, on time, in June 2021.
What are you on about. Sorry if Ive missed the point.
Thanks,