Member Info for Bolgas

Company has outstanding debt, unlike a conventional overdraft AEG have taken out loans with HNW (high net worth) or institutional investors (ii's), last one taken out last June for £800,000. These loan notes carry an annual interest rate that AEG have to pay, say 8% per annum, or if the loan note holder decides they can convert them into shares at 1p, being the agreed price at the time, share price was below that just for clarity when that deal was done.

Some of these holders may be converting those loan notes and cashing out, why not if that's what they want to do. What this does for us holders means there's a few more shares issued, they may well be traded or could indeed be held by whoever held those loan notes. So whilst we get a little dilution in the form of extra share the company, AEG, save on annual interest so more for the bottom line. More that get churned the better it is for AEG, that tends to mean us holders get a better share price too so it should be a win, win, certainly one would expect so from these levels.

There's more loan notes at 3.29p if I recall, would be reasonable to assume these will start to be converted when we hit 4p and above. We have strong news flow coming up, green agenda high on Biden's election promise and a new generation of investors who believe anything green is the way for them to have peace when parting with their hard earned money.

Personally see this as good for liquidity, little similar when warrants are converted, share price tends react positively, after a little trading all is cleared and we hop along to the next level. I'm certainly hoping that's the case hence holding all my shares tightly, eagerly awaiting next round of transformational news.

Mulletman

Good to have everyones opinions on BB's for balance, my thoughts regarding demonstrating product, is we have our licence holder, RMDE, who have secured off-take agreements for the entire production of their 50 tonne per hour plant that is expected to commence Q1 2022 -

"Agreed conditional (upon plant commissioning) Offtake with governmental and industry customers, located in Europe, for the full production capacity of the planned Alberta CoalSwitchTM plant; for the long-term and at economically acceptable price points. Negotiations also ongoing with domestic Canadian potential offtakers for subsequent production volumes from future Plant pipeline."

https://rmde.ca/update-alberta-coalswitch-plant/

AEG have a facility to produce small quantities at site already, the 5tpa plant was next step up with 50tph being next leg up if you like, what RMDE have done is proved there's a market for our product in quantity, more importantly there's huge amounts of green finance out there to fund plants without, as I understand it, any upfront capital, quite remarkable.

Furthermore ground works for plant design and installation have already been achieved, reducing costs, improving appeal and enabling next licensee to expedite within shorter timeframe.

Not unreasonable expect license fee this year with royalty payments commencing next for new contracts, IMO.

Last capital raises -

June 2020 - £800,000 1p CLN
August 2020 - £1,510,000 at 0.6p

Cashflow positive December, they have plenty of funds for what is proposed to be achieved this half year, IMO.

There's no guarantee with any stock that they are not or they are going to raise capital, I'm sure for those on the sidelines hoping for a raise so they can jump onboard you hope it's sooner rather than later or never of course, risk is share price could runaway with them short term as appears to be happening at present.

If we look at the interim accounts it's fairly clear the BoD believe they have sufficient cash until mid 2021 at least, add in a cash flow positive business and added income from CoalSwitch they may not need raise any further capital at all. A license deal or two would cement that thought, IMO.

"Taking this into account and following a detailed review by the Directors of the Group's cash flow requirements, the Directors believe that, based on current cash resources and the expected operating performance of the wood processing business, the Group will have sufficient cash resources to continue to trade for a period of at least 12 months from the date of issue of the interim financial statements. Consequently, the financial statements have been prepared on a going concern basis."

It is worth remembering Lumber business is considered essential in Canada, therefore the business is Covid proof as much as one can be.

If we look at the investor presentation back in September, company had the following -

Multiple revenue generating opportunities:
• Currently producing a variety of lumber products from saw mill activities with daily production targets
• Saw log export operations to expand from the US East Coast under contracted volumes
• Construction of the 5tph reference plant to manufacture biomass fuels
• Commence scaled production of CoalSwitchTM fuels for delivery to potential large scale customers both in the US and internationally
• Develop a R&D programme to create new biomass fuels from alternate waste resources
• Commence engineering and design planning for a larger scale commercial black pellet
production plant
• Sign additional licences/partnerships in the US and internationally for the IP
• Re-evaluate existing forestry projects to create complementary commercial opportunities

Licenses/Partnerships in US and internationally for CoalSwitch IP will be a huge driver, we already know RMDE who have a licence in Canada have off-take agreements for the entire production from their initial 50 tonnes per hour plant, with more to be built to cope with demand, having secured $250 million green finance.

Talk of a contract over in Australia, makes sense to me for all countries that have frequent forest fires to facilitate this technology, we know the IP protection is strong within the US, personally I would expect one to be confirmed fairly soon on that front, another in the Australia or Asia would be massive news.

We should get a strong flow of news over coming short few weeks by my reckoning, 2021 is the year of AEG.

Worth a browse over the presentation on AEG's website.

Previous high back in Feb 2015 was 11.95 pence, this is a recovery play in my opinion, short term targets likely 4-6 pence region, although these could be blown away with further news out of company.

AEG are already trading significantly below peers, how many of those peers are trading with a cash-flow positive business? This is an incredible to get in at ground level in a green technology that is in demand worldwide, profitable and attracting attention from big energy suppliers.

Worth looking at our partners website, for those who aren't aware RMDE have a licence agreement with AEG, they have just secured finance for $250 million for Coalswitch plants, the first of which is due to be commissioned Q1 2022. This first plant will produce 50 tonnes per hour, generating a nice royalty payment of ~ $2 million per annum.

https://rmde.ca/ice-british-columbia/

Worth noting how green this technology is and how important it could be in our fight to save our global forests, as I was taught at school these are the 'lungs of the earth', there's not anything out there more important than that!

"RMDE is able to address the damaged fibre harvesting challenges created by both of these problems. Through the use of its 2nd-generation biomass technologies, RMDE can create an environmentally friendly finished fuel from fibre which would otherwise have no use, allowing for the regeneration and reforestation of vast tracts of affected forestry.

In this way, RMDE is facilitating the recovery of British Columbia’s forestry industry in an environmentally and economically viable fashion."

Licence award RNS -

https://www.lse.co.uk/rns/AEG/first-coalswitch-licence-agreement-awarded-d8550u33manl0ib.html

Looks like a technical drop for those chartist amongst us, there's very few shares available to buy. It is quite normal for a share to take a breather before commencing next leg up.

Quick 'hello' to my new stalker and a Merry Christmas to all others. Here's to a prosperous new year for AEG holders.

I am a buyer at these levels, I expect this to be a multi-billion pound company in short order.

I do see the attraction of getting adverts in front of gamers it is a massive market that is not available currently, what I do believe is going to be much harder will be scale between the two. Not sure there's enough appropriate games that can accommodate adverts, you have likes of FIFA plus a handful of others that work well. That said Racing games and many more are not suited at all, you simply can't see the adverts whilst gaming yourself, I tried it with Grid and the newly named Colin McRae rally, Dirt, neither can I personally see the attraction to advertisers as you (the gamer) concentrate on road ahead not a blurred side advert or one placed on say bridge above.

I'm sure as developers switch to the idea of in-game advertising more appropriate space will be created, that though is why I believe MIRI has a more advanced software as they seek out those spaces and create adds within those areas identified.

No matter, I wish for both companies to prosper, these are my thoughts only. Differing opinions are always good to hear, wouldn't make a market if we all had the exact same opinions and future thoughts on where a company is headed.

Have a good Christmas all.

Biden impact has certainly not been factored in, nor has our partner RMDE's recent finance package of $250 million (quarter of a billion green financing!) to construct Coalswitch plants, first of which will be commissioned Q1 2022 producing 50 tonnes per hour, further plants to be constructed having secured off-take agreements for 2 million tonnes per annum of Coalswitch, remarkable achievement in such short order.

Power stations utilising coal today will have to seek alternative fuel in order to comply with changing legislation, Coalswitch requires no retrofit and can be burnt together with coal, unlike alternatives and it is green energy that can save our forests and hopefully prevent wild fires we have seen over the last year or so -

"Hunter is one of two major coal-fired power plants supplying electricity to California (the other being Intermountain Power Plant) and is under pressure to clean up its act as California looks to implement a Senate Bill which increases the renewables requirement for electric utilities to 50% by 2026, 60% by 2030, and 100% by 2045."

Personally the expectation that we will have a lumber business cashflow positive this month is not factored into price either, exporting in excess of $400,000 of lumber this month alone at a very healthy margin.

Expecting much more news over coming few trading days, namely -

- Trading update confirming cashflow positive
- Construction of CoalSwitch plant commenced on schedule
- Further off-take agreements
- Potential licensing deals from around the globe

Looking at likes of PHE & SAE, both commanding market caps ~£100 ++ million, do not have scaleability of AEG in my opinion and do not have a cash flow positive generating business, makes this a stand-out that is due a hefty rise from our base today.

Like Bidstack, wish all holders to do well as it is good for AIM as a whole. As an investor we need look at these minnows ensuring our hard earned capital is protected as best possible, in my opinion this offers a much lesser risk vs Bids as our IP is protected via patents, Miriad has secured major contracts with likes of Tencent and IMO, Disney. This significantly reduces risk as it is a clear indication the big players realise they are unable to create added value without outside services.

Total addressable market is much larger in the sectors Miriad are operating, the offering is in my limited opinion much better, we are creating the opportunity rather then filling one that is made available, whilst both companies are similar the technology is miles apart.

As I said, wish all well and should Bidstack get a major contract no doubt the share price will reflect that, getting back to Miriad I expect this to be one of the star performers next year and beyond, hence I have been loading up over last few sessions.

900 tonnes is an initial order, trial our product.

Plant that AEG is commissioning early next year produces 5 tonnes per hour of CoalSwitch, so the above order is just over a weeks worth a full capacity, it is envisaged initially the plant will operate at 3 tonnes per hour swiftly increasing to 5 tonnes per hour.

If all goes as anticipated we will likely see a swift move for a 50 tonnes per hour plant to be erected, that will produce significant bottom line for AEG, in addition we will likely see a wrath of licensees for our Coalswitch product across the globe, duplicating our business model. This will bring in substantial initial upfront license fees and ongoing royalty payments.

We need remember that RMDE has already secured off take agreements for 400k tonnes per annum, so we know our product works, it is a product that can replace coal without any retrofit of power stations. For me the comparison companies on AIM are PHE & SAE both commanding market caps in many multiples of where we are today.

AEG are likely cashflow positive this month for lumber business, there's a huge value disconnect that I'm sure will get filled as we get more orders, licensing deals, over coming weeks and months. News flow has just commenced, IMO.

Yes, my understanding there's much interest from US, Europe, Asia etc etc. This is just the start.

Also worth taking a look at our partner, RMDE, recent press release regarding the 50tph plant they are in process of building, it is highlighted here regarding using forest fire residual, copied from document link below -

"Received support and encouragement of the Government of Alberta in developing relationships with forestry Tenure Holders in Northern Alberta able to supply residual, waste and other fibrous materials currently ‘burned in place’ as a sustainable feedstock to the first plant, likely of several, in the Province, in support of their aim to become a leader in Environmental Forestry and Indigenous Economic Development, in Canada."

"Developed and designed with globally recognized engineering and manufacturing companies, including Andritz, Kriger among others, a reliable, efficient and environmentally friendly CoalSwitchTM production plant; able to produce 50 metric tonnes of product per hour, or approximately 400,000t of CoalSwitchTM, per annum."

"Received conditional funding indication from a world-leading environmental investment fund for this and subsequent CoalSwitchTM plants with an initial value of CAD$250,000,000; allowing for the Alberta Plant and other opportunities to be commissioned and operated."

https://rmde.ca/update-alberta-coalswitch-plant/

I understand RMDE have off-take agreements for 2,000,000 tonnes per annum hence additional funding for future plants to be built near term, AEG will soon be earning $10,000,000 per annum just from this one deal.

AEG is in no-way comparable to RMS, take a look at PHE perhaps, green tech and has just ten bagged from it's low last December. For me, this has much greater potential the addressable market is incredible for such a tiny minnow, there's no cost to refit a coal power plant to use our technology, in fact it can be used in tandem.

Add in this technology makes it commercially viable to clear waste from burnt down forests, this waste that is usually left to rot is one of the biggest causes of our annual forest fires, just think about that, not only a green tech fuel but can potentially prevent fire that in the last year has been the biggest causes of world air pollution, let alone the damage to our eco system.

RMDE is Q1 2022, apologies.

Coalswitch price is around $200 per tonne, possibly slightly higher. I estimate net profit of around 30%, so based on 5tph plant (yes this one is planned to produce 5 tonnes per hour later next year) will produce annual revenues (43,000 tonnes @ $200) $8,600,000, net profits of $2,580,000 per annum.

We need then also consider we have a lumber business that is going to produce in excess of $6 million revenues, say at 40% margin is further $2,400,000 in profits.

Come 2021 we then have the RMDE 50 tonne per hour plant operational, this will be producing licence income for AEG, $2,190,000 in annual income in addition.

Add all of those together you have a company sub £10 million today producing profits in excess of $7 million, madness.

It is likely during the course of next year we will get further licensing deals, say these each produce an upfront payment of $2.5 million, possibly more as the product is de-risked, plus more annual annuity income for AEG.

Let us not forget this is green energy, RMDE have just secured $250,000,000 in finance for Coalswitch plants to be built, this is an incredible story unfolding, £100 million market cap would still not reflect the market opportunity we have here today.

Take a look at the new board additions earlier this year, in particular Max Aitken. He is an incredibly successful young man with outstanding connections, he will not have put his name to this company without knowing where it is heading short and medium term.

Samaritans helpline number hku821? Alternatively there's a sell button and perhaps move on with your life.

Company has raised twice this year bagging a couple million plus that has been received second half of year, in addition it is hoped the sawmill business will be cash flow positive by year end. Next year all being well AEG will not only have a cashflow positive business but also during H1 2021, all going to plan, a 3tph Coalswitch plant that will also be throwing additional monies to bottom line figures.

During H2, all being well, AEG will crank up the 3tph plant to 5tph, further adding to bottom line figures during the year, plus whatever else they can squeeze out of the sawmill business during the period.

I realise many here got fixated on an RNS stating 3tph plant, however from my understanding that is perfectly normal when commissioning new erected equipment, the plant itself if capable of producing the original stated output as confirmed here and they intend to increase production during H2 -

http://www.allenbycapital.com/research/research-aeg_11_2066648515.pdf

Revenues for 2021 are forecast to be in excess of $8 million, going on profits stated in last half yearly report company should be doing just fine without any further capital rises, that's not to say they will not raise again. What I can say from a forward looking prospective, if they achieve what is stated the company as it stands today is incredibly undervalued.

I have bought on the basis that I believe company has changed direction and is on the verge of at long last achieving its vast potential, either get behind the company or move on, good luck to all no matter your decision or investments.

Furthermore from permitting application last year the NCDENR state -

'Active Energy Renewable Power says it will produce “black” wood pellets by pressurizing chipped wood with steam. Water used in the process would go to the plant’s wastewater treatment facility before being discharged into the Cape Fear River.

That part of the process requires no permit. "

Maybe so Stifler, however one would hope there's a workable solution given the discharge is going to be from previous tenants and not from current working operations, I find it hard to believe the levels of toxics being discharged are high given the time that has passed, besides you would have thought the onus is on previous occupants not AEG.

"Monitoring reports cited in the legal filings show that Active Energy is not testing its wastewater for all the potential contaminants associated with those solvents. The wastewater does contain sulfide, zinc, copper and phenol, among other pollutants. (Phenol is used primarily in the manufacture of nylon and other synthetic fibers, indicating its presence is a remnant of a previous textile company.)"

Also the accusation of polluting for 500 days just adds to what appears to be a misunderstanding, it is a representative company making the statement not the actual department. I'm sure there is a workable solution, worst case scenario "If the wastewater can’t be discharged, Active Energy would likely have to pay to have it trucked offsite to a special facility.".