Member Info for Computer909

Sold now for an 85% loss, have to admit I was taken in by the AEG bull, It was on paper the right product at the right time but Rowan et al are Charlatans that are lower than a snakes belly.

I held on thinking the cash from Lumberton could get Ashland manufacturing and at least we would have some product to sell, now it looks like that cash will end up in the BoD back pocket, Player will take Coalswitch and AEG will be consigned to history.

Good luck to anyone who decides to hold, I hope I am proved wrong, to anyone else thinking of risking 1p in this company I would say BEWARE !

So if I’m reading today’s statement correctly, the plan is still not to have any of AEG’s own manufacturing of Coalswitch but rather PDI will own and operate Ashland, meaning the BOD are free to drain the company of the lumberton cash as they have done for the past two years, shocking absolutely shocking!

A good "Home run PFS" RNS next week, coupled with a detailed investment strategy on how the pilot plant is going to be funded and we should see the sub 5p in the rear view mirror pretty quickly.

"Looks like August will be the make or break month for EQT immediate performance, Financial close and Cash payment of loan we will be flying, Further delay and equity payment of loan not so good !"

Forgot also the North Fork is targeted to be operational in August !

"I am still very optimistic Eqtec will become a very successful company."

Looks like August will be the make or break month for EQT immediate performance, Financial close and Cash payment of loan we will be flying, Further delay and equity payment of loan not so good !

@RollonRetirement : Thanks for the link

"Further planning permission was announced for the Eqtec plant around August/September 2021"

Was it ever formalised, or was it just a pre-planning resolution from the authority to grant permission when the phase 2 plans were formalised?

Deeside original planning permission was given in 2018 as i understand it ?

https://planning.agileapplications.co.uk/flintshire/application-details/61160

2 years on from us taking on the Deeside project, which already had planning permission, already had the phase 1 design complete how much have we progressed this project?

DP loves a chat but never actually delivers anything, At least Cross Rail had a plan started then ran into problems, we cant even get started.

"Great Job DP !" you have to be joking don't you, All he has done is kick our can down the road giving up our early to market advantage.

Just this week we have Shell/Ceres announce they are looking at Hydrogen production at or below $1.5/KG by 2025 and we have BP announce they are building a 1GW hydrogen plant in Teesside online by 2027.

And all DP has done in his three years is spend cash and issue delays, Not great Job !

"F F S"

It would be better for Mike to come out and explain how he intends to build existing shareholders value, not snipe at PIs everytime he gets in front of a camera.

@BDFox: "The board are not interested I assume in short term price fluctuations"

Whilst we can all assume you are correct in that statement due to the lack of any response from the BoD, and if we didn't have the spectre of the loan repayment due to commence in August i would absolutely agree with you, but while we are still using the issue of equity to raise/pay off funds, then they sure as hell should be paying attention to the share price.

Come August and we pay the first repayment in cash, all my concerns for the next 24 months will go away !

@Swazer: You are like dog crap on your shoe, you can ignore it as much as you want but you keep getting wafts of sh it now and again. Just do one, no one is interested in your gloating

I said a couple of day ago if it breaks 0.5p and goes to the 0.45p 2020 placing price then DP should be looking for a new job

The Bid hits 0.45p and what do we get from EQT on twitter "Looking forward to attending a party tommorrow"

Absolute clown !

@Swazer, if its thriving why don't you spend more time over their rather than bringing your annoying smug opinion over here all the time.

What we can probably deduce from the bid being anchored at 0.5/0.55 is that is likely to be the threshold Amati have drawn for their exit.

Unfortunately the current market is in no mood for "World leader in ...." bull****, Look at DDDD and LAM two companies whose finances have been stretched to breaking point by over zealous management writing cheques they couldn't cover. DP and the idiot Baber have a lot of question to answer regarding the financial exposure they have put us in by continuing to plough cash into pipeline projects before closing out any.

Whilst "Pipeline of Pipelines" , Partnerships and JV are all well and good, sometimes you just need to pull up the barricades a little, slow the spending and secure some revenue that pays the bills first, before consolidating and pressing on.

Not sure the arrogance of DP fully gets the mood the markets are in at the moment, cash is king and there are a fair few more AIM companies that have survived the last 3 years on pixie dust and shareholder cash that will struggle to continue as the later dries up. (Look at ODX they are not long for this world after shareholders turned on long bull sh itting management)

At present EQT have considerable agreed financing (probably more by luck than judgement) they can call on so we aren't at risk of a working capital shortage anytime soon, what we are in danger of is having to spread ourselves so thin with regards keeping all the stalled projects ongoing, that none actually make any headway and our cash stays tied up for years to come.

Sure to get news on Deeside tomorrow though, EQT surely wouldn't leave it to the last day to update its valued shareholders !

When you peel back the onion that is D.P's rhetoric there just isn't much good news from EQT at present.

The three major UK projects are either no further on from when we started or have actually taken a step back, the financial position of the company and the SPVs now look very concerning.

No one really cares if the paid for study at the university of Lorraine shows that DP is the new messiah or that the Technology can turn water into wine, we care about how he's spending the little cash we have and how we are going to make more without him thinking the shareholders are the magic money tree to be shaken whenever he wants.

To be brutally honest it has become a bit of a sh it show in the last three months. I know DP's plan extends to 2035 but i never realised we would have to wait for then to get anything delivered in the UK and see any type of SP recovery.

And the arrogance of the BoD to not provide an update on the Deeside project before the very last minute is not a good look.

The measure of a good CEO is not what he does in good times, but what he does in times of strife, at the moment I'm not impressed with DP's performance.

But having read the charge again

"Event of Default" means the Technology and Construction Court makes a final order in the JR proceedings (as defined in the Settlement Agreement) that the company repay all or any of the Sums paid to the company by the chargee in respect of all or any of the contracts (as defined in the Settlement Agreement)"

That doesn't sound good !