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My take is this (rogerramjet on ADVFN)

Aries will continue to seek justice for what they feel is a patent infringement.

What they must be careful of is Eqtec response that Aries did not invent and patent the technology in question and have proven that the 'patent infringement' is of technology previously used by Eqtec in 2005 onwards. This is known as 'prior art' and may lead to an invalidation of the Aries technology and end very badly for Aries if patents are invalidated due to proven 'prior art' defense of Eqtec. For a patent to be granted it must be new and not done before. Hence Eqtec's response.

In addition, Eqtec have since moved on from the claimed 'infringed patent tech' apparently held by Aries in the US and have a more advanced gasification system which has no bearing on the Aries patent they picked up in a bankruptcy sale. They are very different things.

Perhaps they are chancers and know this, perhaps they just don't understand the ins and outs of EQT world class tech and why it is superior. There are many people and businesses like this. If their gasification equipment was as good or even similar to EQT why is it not being used by the US customer ?

Sounds like sour grapes but will have to be closed out.

I sense that this is priced in to the SP currently and is holding back a much bigger correction

We will. The company, looking at the sector for gasification, the projected growth and the business strategy could easily be sitting at £100m MCap right now, based on no more than being fair value as per PHE and VLS.

Not to knock anyones business but EQT have a commercial product and exponentially growing business pipeline but a market value of 1/2 to 1/4 of its peers.

I am expecting a correction to have started and 1p to be achieved fairly quickly and 2p by year end, early 2021. Its just a gut feel. No more than that.

When I invested I looked for value in the SP and EQT looks to preset value currently.

Could have at least let me finish the post before dropping it again.

Has now started to move, bid raised and placing stock may have now started to finally clear.

Hopefully the MCap correction is just about to start.

This was the line from the RNS that made me think the greatest form of defence is attack.

'Further, having reviewed the claims in detail, EQTEC believes it has a strong case to invalidate all four of the asserted patents held by Aries.'

I think this states that if Aries don't back off and stop interfering they may find themselves without any patented tech regardless of how inferior it is through invalidation.

Surely any patent infringement case would be looked at by a competent professional engineer.

Eqtec have defended this 'claim' very aggressively and I doesn't sound like there is a competent person in the world that could not see that Aries are possibly chancing their arm having bought the design patents in a garage sale for a few quid.

Great article for Potash mining and just demonstrates what EML have at their finger tips.

Great opportunity at 4.6p or £33m when the NPV for Khemmiset is £1.14bn based on only 43% of the resource. But that's fair enough. Keep it between us for now !

When overhang clears it will correct.

They are exactly 24 hrs later. Keep your eye out at 1215 today for the 1.2m sell from yesterday.

I have my fingers crossed. Very suspicious when they publish a large sell trade only to cancel it 24 hours later.

Keep your eyes open. Maybe the 1m and 1.2m will also appear cancelled

There they go again. Reversing large sells from the day before.

Whats that all about?

Smoke and mirrors, that's what

davidblack. I invested early this week at 0.519p and have added another 72.5% to my original this week. I spent a fair amount of time researching this stock and can see significant upside from here.

I get that some jumped in at sub 0.2p or at the placing price but for me the whole thing was a gamble. The recent placing and business strategy to provide an end to end solution to a multitude of customers and waste is innhigh demand and will grow exponentially. As EQT have the most efficient tech around it makes sense for it to be a number one option.

Once this month is over I really expect a correction in the MCap of EQT in line with the sector and to consider current contract awards and also expect to see some positive updates from some of the larger projects.

The law suit re patent infringement is merely a thorn in their side but I cant help feel that it was this that has allowed me to buy in at this price. Once this is cleared up I expect it to add significant value back and think that the bad is priced in at this level.

Need to remeber that it is AIM and anything is possible but for me there is little downside and massive, huge upside.

wow. Thats closer to 70% in today including effects of dilution.

That leaves very very small free float. Only about 150m if that.

APMF <3%
Janus Investment approximately 5-6%
Morgan Stanley held 27% in 2017 assume they still hold but not to that level due to dilution. Are they still on board ?

It actually goes to shown how little free float there is. Not sure who else is a significant interest at SAE but we have had 2 holdings RNSs this week for a total of 50% of the company.

That leaves only 250m shares whilst some of those will also be in sticky hands. Does anyone else know if there are other significant interests in SIMEC ?

I dont remember those days, but clearly they are a very different company today and focussing on sales over R&D. This is why invested after years after cash burn and development ITX will now be exploiting the years of hard work and capitalising on this R&D investment.

Having been invested in AFC Energy for 10 years, I now know why the SP there hasn't grown to the levels of sector peers. Its because they have not generated revenue yet. My strategy lately has been to invest into companies that are now effectively commercial of the back of years of this R&D investment andnhave found a place in the market for their product as have ITX. They are normally coming of the bottom which means maximum gains potential.

Best of luck all. We could be looking at a very different MCap in 12 months time. Short term target is 3p within the next month. 6p by year end early 2021 and 10p in 12 months. Lets see what happens !

Westie50. The Khemmiset project is 'world class' and offers an NPV of £1.14bn. At only 3% of that currently I would like to think that 10p would be achieved fairly quickly. I just get the feeling that there is an overhang fro the placing which is still clearing.

I stated my reason yesterday as to why the SP should be higher and it was reflected in the disparity between the attributed NPV to the comoany in comparison to sector peers. Hayden Locke discussed this and confirmed that potash miners on the ASX are trading at an average of 33% NPV. This would give us 10 x upsidd from here or an SP of 46p, now.

So 10p would be a nice start but still not really fair value for the companies current status.

redundancy pot. Thats why I am invested. They are a different company now than even 6 months ago.

Lunsam. I have read your posts on here and twitter. They are very simple to understand and informative. After doing my own analysis I read yours and confirmed my decision to invest. Thanks you for doing this. I am certain that genuine investors appreciate it.

sorry rushing

*$1.8bn or £1.2bn

My mistake !

Yes. There will be a fund raise. Check the threads on here from yesterday, but why is that an issue if you have a £1.14bn asset and MCap of £33m

Expect the SP to rise from this level and any capital raised to be at a higher price minimising dilution. What is another 40m shares anyway ? In the grand scheme of things its nothing to get FEED complete.

That is just a guess based on the last fundraise. However if they need another couple of million and the SP is 10p its only a further 20m shares. So what ?

When the finance for construction is in place, what value does that add ?

Currently 3% of NPV. Rediculous. MCap should be much much higher. Telling us they are raising funds just shows determination to get the construction complete and the mine facility up an running.

$184m per year, post tax on a PE of a Conservative 10 (19 year mine life so being conservative) even though that is based on 43% of the resource, you would have an MCap of £1.8bn or £1.2m.

If we reached 800m shares with some extra dilution we could all be sitting on an SP of £1.50.

So why worry about a fundraise? When the end result is absolutely massive.

Closed the gap at 0.62p. At which point I added another 325k shares. Happy with that.

Clearly this is a traders share at the moment but I would be careful if I was short. Just been looking through all the potential and updates from any one of a long list of projects that could land anytime soon.

As they say, I wouldnt want to be out of this over the weekend and I certainly wouldn't want to be short over the weekend.

I think this will be in the 0.7s next week and 0.8s before long. After that it could very quickly get into the 1s and hopefully by the start of 2021 hovering around the 2p level or more. That is my gut feel as this sector and company re rates accordingly