Member Info for Computer909

‘…..So we would be £4m down with a PPA secured at 3 year lows just before we enter a period where the price of steel and copper double..... Followed by super inflation and rising interest rates.”

So your argument is that DP isn’t incompetent he’s “Mystic Meg”, and the delays are all part of the grand plan.

‘With C909 in charge, Deeside would be bankrupt and uninvestable‘

Well with DP in charge we have gone from December 2020 to today via 5 delayed deadlines, and the investor walking away, you can attack me in order to deflect from that point but that’s the reality of the situation.

If Deeside is so investable under DP’s plan why did the investor walk away and why has the long stop date arrived without an update with regards to DP’s quality investors that were falling over themselves?

Deeside…..

07 December 2020
6 December 2021,
1 April 2022 ,
30 June 2022,
26 September 2022,
28 February 2023

Is there any road left for the can to be kicked further down?

"When DP gives an update C909 says that he doesn’t deliver"

Perhaps that is because the only updates he gives are forced on him by missing deadlines (Lets see what happens with Deeside tomorrow, and how many days he can go without releasing news that the longstop date is missed/delayed/deferred/dead). That is if the three amigos can drag themselves away from a spot of skiing in the California hills in order to update shareholders.

When he decides to release unforced news, its alway bul**** and basically smoke and mirrors justifying his incompetence, not only do they miss every deadline from the pipeline, but on top of that they make self imposed deadlines up so they can miss them also.

It beginning to look like Christmas, he just never said which one!

"Under the deal the two parties will jointly target and pursue market opportunities for collaborative development and deployment of clean, waste-to-synthetic natural gas (SNG) and waste-to-hydrogen solutions and delivery of related projects."

Well we know what Wood have so far got out of the deal, what exactly has EQT got?

"Wood right now are I believe a technology partner only"

A contract supplier being paid for services, nothing more, even though the DP spin tries to paint it as more.

It's like saying the builder constructing your new conservatory is a "Partner"

"Actual results and developments could differ materially from those expressed or implied ...."

Well that sums up DP's M.O. in just few words.

@aandi : "Also, it was maybe starting to look like some of the forecast 2022 plants wouldn't reach financial close due to the global economy slump"

Hold on, when the begging bowl was passed round we were told it was for ...

o maintain momentum with existing projects critical for demonstrating EQTEC's capabilities and raising awareness of them;
o accelerate growth by pursuing second and/or third projects in existing markets; and
o build for scale by extending the capability and capacity to support the burgeoning pipeline and take on an increasing number of projects.

Exactly how much "Acceleration" have we seen ?

Nothing was mentioned that it was all going south and they needed some cash for DP's lunches !

"Here was that news from July 2022..."

Problem being this announcement came just 5 days after DP had to get the begging bowl out and raise more cash, and since then the share price has nosedived over 60%.

The issue with EQT is one of credibility of the senior management to ...

a) Understand time scales and deliver to those time scales (Not one of EQT's projects has been delivered on or even near the original timeframe)

b) Communicate appropriately to shareholders (we still are waiting for the MDC start of commercial operations RNS when we were told at the beginning of december "EQTEC still expecting Italy MDC to be up and running by 2023", whether this was poor communications or a timescale slippage is undecided, should they have stated "running by 2023 with commercial operations to follow" or was there indeed technical issues which affected the self imposed timeline, When shareholders have been told the MDC will be a commercial operation and are subsequently told its would be running by 2023, its reasonable for them to expect that "running" meant "commercial operation", either way it affects the credibility/reliability of news being released.

c) Manage the finances, we still don't have a clue what the state of the cash flow is, are we taking up any of the Riverport additional financing (unlikely as the screwed up the terms which means they cant pay with shares but it's obviously still on the table), How much of the line of credit is in fact needed to keep the lights on whilst they struggle to get any of the pipeline actually over the line. It's laughable that the latest trading update started with "2022 revenues expected to meet guidance" when they were forced to slash that guidance less than three month before, surely the should have stated "expected to meet revised guidance"

Its little things that the credibility of companies such as EQT turn on, and at the moment they seem to be missing every opportunity to overturn that credibility issue and instil shareholder confidence.

As with everything EQT it's like the proverbial "****ty stick", and at the moment the shareholders are unsure what end they have hold of!

“£6m due to Eqtec by financial close of Deeside then other technology sales revenues would follow thereafter.”

Absolutely deluded if you think a cheque for Deeside will arrive next week!

That can has been kicked down the road so many times it needs an MOT, car tax and insurance!

“There's a hell of a lot riding on the 28th - probably more than on the MDCs.“

As we see the three amigos jetting off to the states to handle the latest shambles over there, do we really think that they are in a position to close out Deeside next week from afar?

Would be interesting to know how the dynamic duo calculate “intrinsic” value, and how that actually relates to the tangible value of the company.

Made a big play of the Toyota off-take partner, but with the rumours they could withdraw from the uk if the government brings forward the ban on petrol/diesel engine sales, we are in danger of missing the boat again if there are any further delays.

‘The bits I liked were the £4.5m payment on financial.close, potentially by next tuesday. Instant revenue injection for Eqtec (if successful this time)’

Do you honestly believe that the crappy Altair loan would have been necessary if DP truly expected to close out Deeside next week, not a hope in hell that Deeside update will be good news this month.

I hope to be proven wrong.

Lets see just how much this “engagement” gives us this time or whether as with everything DP states, we will have heard it all before to no avail !

Another week further away from “Christmas” for MDC commercial operations, another week closer to the Deeside long stop date, another week with nothing but silence from DP.

‘It's clear that Computer and Foxy share a bed......couple of twats.......‘

Stunning Intellectual debate from @dofmeister. Everyone that doesn’t agree with him/her/it is a twat !

What exactly does that make him/her/it ?

Only DP could make such a shambles of the MDC announcement that means we are at a 24 month low less than two months after we we led to believe “it’s beginning to look a lot like Christmas “

Interesting report from power metals on their graphite project which is way behind BRES and still in the desktop planning phase.

https://www.powermetalresources.com/wp-content/uploads/2023/02/Power-Metal-Resources-Graphite-Commodity-Report.pdf

Realistically as with Amati, large institutional investors don’t want to be anywhere need companies with an MCAP at these levels, there is just so much opportunity for mismanagement and financial shenanigans DP/Altair et al. and the regulators are non existent on AIM

DP’s constant failures means that the company’s delivery reputation is rock bottom and will need a massive shift to turn it around. MDC being late to commercial operation isn’t a good look, and the expected Deeside news at the end of this month isn’t helping.

DP was supposed to bring the financial expertise to get the EQT snow ball rolling, but it appears he couldn’t sell an iced drink in the middle of the desert. If he isn’t adding financial expertise what exactly is he adding to the party?