Member Info for bottom_feeder

I'm not going to lambast you at all for your views flee69 :-)

We simply differ in them.

Of course mr Rowan , and any other direcfor should act in accordance with rules etc; and build their company. But efficient communication is paramount, especially now.

By that I mean the BOD (not just Rowan - as they do have PR support) can EASILY provide a running status of the Utah plant transfer well within the rules etc ( i refer again to SXX).

They have set in place Governance sytandards, but fail to meet them... so they deserve to be questioned on that topic at the AGM and via their website contact page (which they never ever respond to)

P.S. I've still not had any response from mr Melling regarding my 'formal' request.... and he's the Director responsible for ensuring the governance rules are complied with.... so AEG can't even handle FORMAL requests.... that's what is truly worrying.

But as I say... we differ. It's up to the entire BOD to make us believe in them in my view..

I agree regarding forward wrt local support and funds.

I'm not sure Rowan is best for AEG.

My view is Spinks would still be better; particularly now as AEG is in what i believe to be a more consolidated state regarding CS future.

But, as I've mentioned previously; i think Spinks has "seen the wood for the trees" (pun intended)

Rowan needs to establish shareholder credibility and communcations... not just for major shareholders.

If a company can't even comply with its own corporate and ethical guidelines then it needs brought to book.

But as you say, Rowan has the reins, the next 3-6 months will make him and AEG or scare the pants of of all of us.

Hi Fleee69. Thanks for the link.

It doesn't cover much we don't know but its nice to know there is local support and the grant is useful.

A few things do raise questions though. The biggest query is where is AEG going to get the rather large £50M investment from? That's either some Major investment round coming up or AEG having to sell a mega load of CS, none of which they're capable of producing yet.

Worryingly the article is dated today and there was no mention of the Utah plant either arriving or being currently transported ... not a good sign ... but we wait and see.

3rdly why did AEG say this would be their first commercial production? Utah was supposed to be the first and they said they did have contracts in place for it at the time.

This implies that AEG didn't achieve any commercial sales AT ALL.... how it would be so nice to have an honest BOD.

Just for info for everyone who has an interest in investing in renewables.

I'm sure some/many may already know of these, but for those that don't. consider researching the following 4 (I'm already invested using my 3-tranch system).

Bluefield Solar (BSIF) yearly dividends over 6%
Foresight Solar (FSFL) div over 5.75%
Greencoat UK (UKW) div over 5.25%
The Renewables Infrastructure Group (TRIG) div over 5.75%

I've given an average lower figure on the yearly overall divs total, most of which are paid out on a quarterly basis.

I'm really hoping there is going to be some major acquisitions, buyouts or (better still) mergers involving this group.

The thing I like is they appear pretty stable against FTSE movements, pay a NICE dividend, they often have a 'cyclic' bias; hence very good for the Short-Term trance technique; and they should be able to be ride-out and/or recover if/when a major global financial recession occur in the next 1-2 years (as many are considering as starting in the next 9-15 months).

Just my opinion, but in my view these are classic long-term holders.

Of course if a recession in the global markets does start then may also be a time to take profits and wait to buy back into these.

Time will tell, but I can't see the 4 above being anything other than good for Dividends and consistent growth (ignoring global market factors etc).

The only things to affect the like of these is if they suddenly get Fusion reactors working for much cheaper energy (but in my view, no government is going to allow such Fusion Reactors to give out so-called 'free or dirt cheap energy - too much of a major market disruption I'm afraid)..

Hi Racasselle.

Glad I could help. I guess the thing with investing in AEG is that it's certainly risky due to lack of info from the Board of Directors (BOD) as ell as their failure to achieve plans in past.

But, on the so-called positive side, AEG is probably at its 'best' position to buy in compared to the last 1-2 years - if that's any consolation.

Personally, consider investing but I suggest do it in batches. I use a 3 tranch system of Short, medium and Long term funds. So I have a percentage of all 3 invested at the moment. The short term amount is medium-term amount is twice the long term, and short term twice as much as medium term.

If my short-term jumps over 25-30% then I'll look to sell and so gain back what is effectively my long-term investment value. And so I'm only risking my medium term investment if things go bad.

Likewise similar strategy with medium-term.

However my approach has to be dynamic as I have to watch the peaks and troughs so I can use the short-term to 'gear-up'.

For example the AP has jumped 11%. If it continues until after the AGM and enters a period of stagnant news/progress then I might sell short-term earlier in hope of buying back in for any future rise.

Alternatively of course, I might sell most/all if things don't pick up.

Another stock you should definitely research/look into is SXX (sirius minerals). The SXX BOD give extensive coverage of progress and its certainly a very good stock for using a 3-tranch approach on.

Good luck with your decision making.

P.S. And Happy Easter to everyone

Interesting comment that is surely aimed to 'ramp' the SP :-)

And to say that Off-Take agreements are in place (so we're told) is blatant supposition (if not down right lie).

AEG has clearly indicated that they need to establish new take-off agreements. They CERTAINLY DON'T have any take-off agreements that would allow them to receive any large-scale income.

So, let's be clear; firstly NFL and Zoom are right about the EU Grant. It was clear that AEG would NOT get any. I mentioned on either this post or another that the 'friendly' EU Grant commission had already REDUCED EU Grants to any British companies by over 20% since we had the Brexit vote.

i.e. for all of those who don't believe we pay a net surplus into the EU; we now pay EVEN More into the EU with even less back! That's how much the EU is corrupt.

AEG BOD is indeed useless at communicating. MY view is that the likes of Rowan doesn't actually care (regardless of what he may say or imply at the AGM etc). He knows he's going to get is nice salary as well as bonuses as well as a nice 'handshake' if the company fails. Just like the CEO of Debenhams who has given himself a nice fat £700k handshake.

So don't believe Rowan is breaking sweat over making this company the best he can.

In my view AEG should have already transported the Utah plant to Lumberton and had it rebuilt by now (i.e. mid-April). I'm guessing Rowan will say at the AGM that there have been delays etc or they are 'just' in the process of commissioning it etc.

If AEG isn't actually generating CS in Lumberton by the end of this month then REALLY start worrying as its NOT a big plant nor should it take long to commission.

I can't be at the AGM but for god's sake press for clear, PRECISE answers as to Lumberton site status and Off-Take agreements. If AEG say they aren't producing until they get agreements then that's just plain stupidity or means they're in trouble.

IMHO

Agreed. I quoted 40%-50% as a 'Modest' figure for considering investment as being viable.

Obviously they should achieve 70% but we have to consider that they may be subject to potential local regulatory issues that may restrict the ability to run the plant 24/7.

Realistically, 70%ish would be optimum in my own view - covering everything from local regulations, maintenance, downtime etc.

So to me $2.45M-$3M is nice target. We have no idea however what the net profit per ton will actually be; and this is what will determine the overall income.

It's worth people attending the AGM asking if there are any regulatory laws etc in place in Lumberton that may inhibit or impact on plant running.

And ask about their "Redundancy Plans" and Plant development timescales. If they insist on only having one plant and scaling that up then I think they need to rethink their strategy.

Nagy: I don't disagree that my figures are 'debatable'. However, I've consulted for such companies and the 'real-world' situation is that a plant is always being it with unforeseen downtime due to equipment failure, supply issues etc.

It would indeed be nice if they could achieve a higher figure, and only time will tell - but the problem you, I and everyone else has is we don't know the actual 'process' being followed with respect to 'how' the plant is loaded, ran, unloaded, maintained etc.

This is why I've sent 3 requests to AEG in the past month asking them to clarify the actual Utah plant usage and process.

Stating that a plant can produce X tons per hour may only be based on a 'single' run, without any intermediate plant checks, maintenance etc.

As yet, as you yourself know, AEG does not wish to communicate anything to shareholders.

But we wait and see.

The best thing AEG can do is to develop a 'Redundancy Plan'. i..e rather than trying to scale up the current 5T plant, it would be better to build a 2nd 5T plant on site to cover downtime on any plant. It's better to have 2 plants producing 5 tons each than one plant producing 10 tons. Likelywise, then build a 3rd 5T plant and once commissioned then begin scaling up the others. (imo)

Thanks HK.

My view on the Newfoundland position is that it is a potential go.

I've communicated with Spinks (who by the way is the ONLY BOD that responds - thank you sir). The Newfoundland position has a bit of politics involved as well as local resentment etc but given my chats with Spinks I believe its commercially viable.

The one thing that seems clear is that AEG have 'diverted' their attention to Lumberton, which in my view is good for AEG. However, I differ from your view as I actually think AEG and Timberland may split.

I believe Mr Spinks has a much more 'realistic' head on his shoulders. The current AEG BOD is something I believe he wants to diversify from (this is just my opinion by the way).

The optimum outcome I see is that Timberland splits from the AEG group and commences Timber extraction.

At some point Timberland and AEG will then look to establish either a joint venture in building a CoalSwitch plant there or Timberland will build under license.

This to me gives Spinks the best of all outcomes as he can establish the timber management business independently; which after all, is exactly what it is now, given that its a sister-company.

It would be nice to see what news comes out of the AGM regarding Newfoundland :-)

If they do split, it would be nice to see if we as AEG shareholders will be able to invest or receive shares in Timberland as part of the split.

The other thing to consider is potential future revenue.

There are presently no CoalSwitch or other product contracts in place for generating actual revenue.

Then we need to consider that the AEG priority is to establish the CoalSwitch plant in Lumberton and produce the CS.

However, the current Utah plant is deemed a 5 tph plant. You may see on this board that there is a wide opinion as to just how much the 5T plant can produce yearly etc.

Theoretically, 5tph equates to around 44,000 tons a year. However that's based on 24/7, 365 days production. Which is certainly NOT achievable in any form.

If you take a more modest projection and assume a 40%-50% production rate then this gives 17k-22k tons.

The 'perceived' profit is around $90 per ton (others might well disagree) but assuming a $80-$100 per ton range this gives potential yearly revenue of around $1.4M-$2.2M annually.

Given AEG current Debt and borrowings this implies that they are going to have to start scaling up pretty rapidly within the next 2 -3 years in order to reach net positive income.

Personally, it's feasible, but only if the BOD actually begin to deliver on plans, timescales and most importantly establishing the all important Contracts.

Just because the company is currently loss-generating doesn't mean it will fail. Almost all companies go through a period of debt during initial growth etc.

However the important thing here is that the AEG BOD now have a HUGE, unmissable chance to achieve something. If they don't get at least two plants running by the end of the year and establish a single major contract or multiple smaller ones then it bodes badly.

In my view this next 6 months will make or break AEG.

The REAL important news (imo) is whether they have even started the Utah plant transportation and will commission it in Lumberton before the end of this month - next month (May) by the latest.

As for the Newfoundland Timber permits, I've no idea what revenue can be generated there. But establishing a CoalSwitch plant there within the next 6 months in my view is EXTREMELY important.

Hi racasselle.

Welcome and I hope the site provides you with information that helps you gain useful insights to different companies you're interested in.

The most obvious thing to point out as you read through this, or any other board, is that there is a lot of 'bickering' going on particularly this site by certain users who like to bully, ridicule or intimidate other users with different views.

Secondly, the first thing before investing is do a lot of research. The best places to start are to use the "AEG live RNS" button at the top of the page and trawl though the NS releases from AEG over the last 2 years.

Also visit their website www.aegplc.com - look under the Investors tab at top of page and look through the different topics including any presentations etc.

The main points to consider is past history and current status.

Past history.

question 1) AEG won a number of Forestry related permits in Newfoundland which allows them to manage and extract timber. At present there is no news that AEG (via their Timberlands subsidiary company) is commencing any actual timber related activities yet. They can cut and supply timber to surrounding Saw mills; but as yet this is not happening and no news is available as to when this may occur.

Question 3) There are presently no CoalSwitch related contracts in place and so the company needs to establish these in order to achieve any revenue.

Question 2) Funding is outlined in Latest RNSs, and perceived plan is to move the Utah plant to Lumberton to commence CoalSwitch production within Q2 of this year. The Utah plant is specified as a 5Ton per hour plant, taking around 15 tons of rwae timber per 5 ton output. The benefit of AEGs tech over other Pellet manufacturing processes is that they can use low-grade timber which opens up far more resources which should also be relatively dirt cheap compared to higher grade timber. i.e. AEG can use the so-called- 'dross' that most Forestry companies wouldn't make a great deal of use of. This is really where I see AEG benefiting and superseding any competitors.

FUTURE

Question 1) As mentioned, AEG have Forestry permits in NewFoundland area which they need to commence using within 2 years (or lose them). It give them the right to supply not only to 'local' sawmills in the immediate area, but also to sawmills further afield (if no local sawmills partake). So this implies they should be able to commence supplying either now or imminently - However, there is no news as to what is happening yet.

Question 2) There is no info regarding transportation of UTAH plant to Lumberton (new site has now been acquired). a january RNS'18 states the plant can be deployed rapidly so there seems to be no reason for the transportation to be in progress or even completed.

Q3) No contracts at present but its essential to get them in place soon - within next 6 months in my view.

So, read up, ignore the tripe from others and good luck.

Also consider S

Arrrrr

I think you might be getting upset.

Give me your address and I'll send you a bunch of flowers as a piece offering.

Nagy:

Oh..... I see.... so your views on 'investment strategies' is to ignore the past history of a company.... WOW!

You are an utter genious... let's all bury our heads in the sand, never look back and only see what's in front :-)

P.S. Ignore the hoard of barbarians riding up behind you, or the juggernaut that's about to ram you up the backside.

As for me .... I much prefer a 360 view approach.

Zeetruth: There we go, off slagging and using foul innuendo again. Obviously I've reported your post :-)

You and nagy are so stupid, you don't realise what's happening yet do either of you ha ha ha

PotPot: The company has had 'many' plans, all of which have failed thus far.

Yes, they now have HUGE opportunity to succeed but, given their utter lack of respect for shareholders queries, given they can't even provide up-to-date information on the transfer progress of a 'small' plant from Utah to Lumberton, and given that they haven't even given any realistic timescales for commissioning, production or ctract emplacement; its hard to simply assume they will achieve anything.

By way of example, SXX (Sirius Minerals) whom many are aware of, provide weekly updates with site fliy-overs using dornes etc to show progress of their mining operations and their TBM (Tunnel Boring Machine) status. THey showed the progress of its transfer from europe to the UK and to the site etc so shareholders could see in real-time just how well they were managing and achieving thier plans.

AEG can't even confirm they'd even undone a single nut or bolt of the Utah plant.

The day the AEG BOD begin to share more information of this nature is the ONLY time they will begin to earn shareholders respect.

As I said above; they NOW have a HUGE opportunity to achieve realistic short term goals - but thus far, hiding behind a wall and not giving fair information only sustains a Shareholder view that they have no respect or care for private investors like ourselves.

And to anyone who says that giving out information about the progress of the Utah plant transportation would be deemed 'Insider information' - that's rubbish, AEG have already told the Financial market of their intent to trannsport it. i.e. compare with SXX.

But..... we will see if Mr Rowan makes any progress or just takes his salary.

PotPot: You are so openly biased towards others such as zoom. Me thinks you, Nagy and zeetruth should get a room together.

your response is full of utter unfounded optimism thinking that AEG even has a value-creating ability to implement any plan.

thus far they have been nothging short of utterly incompetent.

Stop trying to egg the company up.

the only truth to be told here is that everyone who has an 'Interest' - whether actually shareholders or not, should be erring their views - and most, if not all those views are that AEG BOD are rubbish.... its a fact!!! and you, nagy and zeetruth know it!!!

So stop slagging off others and attacking them - we know you are simply adolescent morons thinking you're big and intellectual; when in fact you are all bullies in cyberspace - trying saying your comments to my face... but then I'd just laugh at you :-)

PotPot: as for me being on here 5 minutes - so what! you are so thick to think that the length of time being on a website indicates 'maturity' or 'wisdom' or 'intellect'.... dream on.

I've been investing for a long time; nothing at all to do with how long being on here. The difference between you and me is that I accept others comments whether they fit with my opinion or not. I don't resort to making idiotic, biased and ill-informed comments like you, nagy and zeetruth. I only respond to you 3 to let you know that I support the others you attack because they deserve to be respected and deserve to know that others like me in this site don't view them the same as you 3.

As for investment:-

As it is I used shrewd judgement, got out at the right time before the drop and have now re-invested a smaller sum which has given me almost the same number of shares I had before the drop.

So, I'm in a much better position than those of you who have simply 'stuck with it' in hoping it will rebounce quickly.

In effect Nagy and Zeetruth..... it seems I'm a much better investor than either of you scheming, slanderous, back-stabbing morons. All you do is bounce off each other and slag others off regardless of what the real truth or situation is.

As for me..... I'm making profits and enjoying it :-) :-) :-)

Nagy me thinks you lie.

What you stated was in no way a typing error. Or are you trying to make out to newer posters that you are an authority on this company.

As for comments by others about me only being on here for 5 minutes - what RUBBISH!

Anyone can be on here for 10 years or 1 minute and still be capable of sound judgement.

As for my not being invested thats because I'm waiting to see just how low this goes and if there's a chance they may get their act together. Which in my view, and the view of many excellent investors around the world, is the logical view to make. Had I remained invested I would have lost a much larger proportion of my investment.

As it is I used shrewd judgement, got out at the right time before the drop and have now re-invested a smaller sum which has given me almost the same number of shares I had before the drop.

So, I'm in a much better position than those of you who have simply 'stuck with it' in hoping it will rebounce quickly.

In effect Nagy and Zeetruth..... it seems I'm a much better investor than either of you scheming, slanderous, back-stabbing morons. All you both do is bounce off each other and slag others off regardless of what the real truth or situation is.

You should both be banned from the sight - although I'm beginning to suspect you are one person with multiple accounts :-)

Nagy is definitely avoiding his true identity now. If on the BOD then nagy is blatantly trying to manipulate investors etc.

Additionally the Utah plant has no way of producing such record outputs that nagy and others propose. NFL is right about lost production due to maintenance, downtime etc. The plant isn't a 24/7 system. If it was capable of even half they suggest then AEG would have utilised it so in Utah. They didn't; which is either gross incompetence or a blatant truth that it wasn't capable of consistent usage.

And don't make excuses that they didn't have resource access... that's rubbish.

One question that needs asking at AGM is have the even started dismantling the Utah plant?
Never mind transporting it.
We need a Clear, PRECISE statement of the EXACT stafus and timelines.

If they simply say "its in progress" that means NOTHING! It could mean they have starting 'planning' to or just started.

My view is simple....

In jan 2018 RNS AEG stated the planted was designed for containerisation... for Rapid deployment.

So, they should already have transported it to Lumberton by now in my view.
It should take a week or less to transport 2000 miles/km.

I also agree with NFL that AEG have failed MISERABLY to fully utilise Utah plant and capitalise wrt forestry permits.

Personally, I and others on this chat board could run AEG far batter.... and be in profit now.

Nagy:
Who are you then and what's your connection with AEG???
The reason i ask is your 09:47 statement about asking AGM questions .....

"...You can put your questions to me or Rowan next week."

Why would anyone be putting questions to 'you' at an AGM???

If you are on the BOD then you are blatantly attempting to manipulate current and potential shareholders!!!