Member Info for Computer909

So...

Nothing has changed as yet?, But a segregation of the land purchase agreement from the SPV, so Scott Bros can sell the land independently of the SPV, but any new buyer will be required to lease the land to the SPV if it is sold?

So we haven't removed the need for the £8M by christmas as yet, but could if Scott Bros can offload the land to someone who is willing to lease, but we don't know how much the lease would be, so more unknowns for a possible investor?

So in summary nothing changed but the option of rather than purchasing the land from Scott Bros then leasing from an alternative buyer, but if no buyer comes forward the SPV still has a LPA by the longstop for approx £8M?

Still confused, if not more, I think it's a an addition of a positive lease option to the SPV, but not sure?

So once again an EQT RNS leaves us wondering what on earth have they just said?

So i think it says they are removing the land purchase requirement from the SPV, but making sure Scott Bros offer the option of a lease (for how much and how long we don't know). Which on the face of it is fantastic news in the current climate, allowing the project to proceed without an immediate spend of £8M.

But then we get ...

"The payment schedule has been amended, such that all remaining amounts payable to Scott Bros will now be included the final payment of £8,090,000 payable at completion of the land purchase, which must occur on or before 23 December 2022 (the "Longstop Date"); and "

So the £8M is still payable by the end of the year?

Confused !!

Our illustrious new joint broker doesn't seem keen to throw us any support, Bottom on the bid and top on the ask !

Thanks you robbing bunch of ********s !

Well looks like Amati knew exactly what was going to happen with this **** show, They saw straight through DP's bull and bailed !

On the brink of sub £30M mcap now, and sure as hell DP will have a smug grin on his face on the investor meet.

An what makes me the most angry with DP and the other idiots performance is that they have now forced us all to look at @swazers graph in a new light

https://www.tradingview.com/x/w5HS0hEI/

More of the same bluster from the two Amigos!

JVLs body language (the nodding dog) just shows how uncomfortable he is with the situation.

DP is just a natural bul****ter so you can't judge anything from his demeanor

At least they have reigned in the "Pipeline of Pipelines" *******s

"Also they made over 5x the revenue they did 1h 2021.."

1H 2021, the 6 months the whole planet was on lock down !!!

Tin Hats it is then !

Not sure even @Aandi can polish this one.

FFS, Just once it would be nice to go six months without EQT drop kicking its investors in the nuts!

Was expecting €20-30M revenue and positive EBITDA, now we get this !

Spent €4M in the last 6 months with only €2M left in the coffers and "Our 2022 will be less backloaded than last year" surely means only one thing in the new year, additional funds will be needed from somewhere.

Only one of the MDCs to be online this year, I thought we were expecting both european based to be operational in this calendar year ?

The CEO and CFO have a lot of explaining to do at 10:30!

"Lot of money is floating around after the sale of both the Deeside & South Port"

If you look at the convoluted payments due from the most recent Deeside RNS, we will only receive £500K on the completion of the SPA, which could be November but could also be the end of February, the rest of the £5.5M due wont be received until the financial close of the project expected sometime in H1 2023 (If the actual sale progresses at all that is)

As for Southport the £2.5M due is to be settled by a CLN, with Shankley who are now owned by Kibo so it's unlikely we will see any cash for those services anytime soon.

So when you say "Lots of Money floating around" not sure where from at present ?

Then again we may have some fantastic news in the morning that the CFO has found a magical money tree and all the cash flow issues have gone away.

"with average price target from 4 brokers around 3.5p and we are .35 today there is a 10 bag just for starters"

I think most people take the brokers/analysts rating with a rather large pinch of salt

If you look at EQT on tradeview all the technicals are marked as SELL or even STRONG SELL, but the analysts rating are all STRONG BUY with a 1073% uplift possibility.

In the current climate with credit becoming harder and more expensive to come by we need to start realizing some of the potential, secure some cash and consolidate.

The Divestment from Teesside and Stockport removing the possible need to pump many more millions into those projects is a positive for me, which probably was done as a necessity rather than a desire. For North Fork we need a clear strategy to remove us from that charity case and Billingham is just "Billingham" the jewel in the portfolio that now looks like a dung covered stone.

Let's pray they have something positive to say as the current market doesn't need much of an excuse to target the SP.

If we get some news on a move towards some financial stability we could draw a base on this continual slide and inject some confidence, if however we get the impression that the CFO has ran out of fingers and toes to count on it could be a bloodbath.

Surely we must get some kind of update on North Fork, MDCs coming online, France, and a importantly the cash flow status.

What we don't want to see/hear is "Pipeline of Pipelines" "Technology licensing model" and a roll out of the now well visited strategy presentation that we have all seen numerous times before.

In the current climate cash is king so we need to know how many pennies are in the coffers and whether its enough to do what we need to be doing.

"It is fair to criticise the company over legitimate matters, but not for the sake of it."

My point being why state "Results next week!" and then once more take it to the very last minute in order to issue them.

Nothing (or very rarely) good gets released on a friday.

It's as though every action they take is designed to put pressure on the share price.

"we should see them no later than Friday."

With JVL taking to twitter last week stating ...

"We are busy at @eqtec. We joined partners in Greece to accelerate Livadia project. It's 80% funded already! Also, my first visit to France MDC iwith David Le Saint. What a location! DLS is driving the plan to bring it to life. More in our 2022 Interim Results next week!"

If we don't get them Friday that will be another "Delay"

Was expecting the interims to arrive today

Are they hiding from poor news or building anticipation to great news?

Unfortunately very rarely good news gets released on a friday though.

"Look out for a site video from France soon"

Can't wait to see his holiday snaps !

"We are close hopefully"

I don't think anyone is expecting anything other than further delays from deeside, unfortunately it's just indicative of DP's inability to close any deal that doesn't involve spending more EQT cash, the continual publishing of the monthly delay in order to keep the market hanging on has clearly been seen as more DP bluff.

December 2021 we had ....

"In response to the new opportunities for both projects-particularly for offtake, the Company has elected to defer financial close for the Billingham and Deeside Projects until 2022"

It looks like the market is expecting the same bul**** to be ran out this year with the year changed to 2023.

The company didn't "elect" to do anything they were forced to do so because they can't close a door!

But we are led to believe that DP is the "financing expert" !

As for North Fork what the hell is going on there, more cash piled into it this year, expected online in August now we see from the meeting minutes they are talking about having takeoff options into 2025.

I really can't wait to see the spin on what has transpired in the interims next week, and whether the BoD have the brass to show themselves for an interactive session.

"I don't blame DP - his brief, set by investors, is to grow the company"

The company is now worth less than the cash investors have given him to work with, how is that growing the company?

There were already questions on the accounting side as to the company's valuation and whether the auditors had given them too much leeway with asset valuations which seems to be born out with the "derisking" activities now happening , and as for cash flow, the CFO clearly hasn't got a clue

DP stated the company is worth multiples of what it was, we need to see some evidence of that quickly and not just the mumblings of a deluded megalomaniac.

The way this is looking we may have to dig out Swazers charts to discover the bottom?

Christ I never thought i'd have to say that !!

Poor market sentiment, backed by green stock abandonment, backed by BoD incompetence, the not so perfect storm !!

And as for next week's interims, Tin Hats everyone !

"ITM, AFC, emmm let's see, CWR, Tesla, PHE, VLS ...."

@Aandi sometimes i wonder if DP issues you with a monthly media pack with these soundbites

Surely you wanted to compare us to Amazon or Google like DP has done previously