Profit - Real Research13 Jan 2019 05:25
Profit
Lets look at all the facts here.
Loan Facility
1, New loan facility with approximately £7.6 Million released 3rd October 2018.
2, Interview with Ian Price 1st October 2018 plenty of working capital no need for placing.
3, amendment to Loan Agreement 11th January 2019, revised terms but key points, $100,000 loan payment by 31st January 2019 & $386,893 loan payment by 28th February 2019.
Possible outcome; 1, New Contract News Released? , 2, Placing? 3, Use of existing Loan facility to pay outstanding loan payments?
Running out of money need for placing: Doubtful.
Cornwall Incinerator: Irrelevant as not using Eqtec technology, maybe they should have.
Contract News front.
USK £10m
Phoenix £5m x 2 = £10m
Brook Energy £10m spin off from USK
Vietnam - slow but £40m
?????? £100m
Ian Price has stated execution of contracts £10-£100m imminent.
Nomad
Due diligence - mid to end of Jan, quote nomad going smoothly
Seems to me the ducks are all being lined up.
LOAN Facility Amended, $7.6m to drawdown as and when needed
Working capital in good shape, no need for placing
Multiple Contract news imminent slightly overdue in fact.
Ian Price. big player in the market place.
Nomad coming along nicely
I would say personally that Eqtec seem in a strong position, but if you have any research to suggest otherwise, which doesn't include a news article completely irrelevant to Eqtec or a half written tweet which does not give any reason for a placing other than they must have spent $7.6m loan facility in 4 months? and have nothing left then please share.