Member Info for Computer909

I think this is an account in ABDX name, into which the DHSC have paid the money owed to ABDX and have a charge on the account (ie need to give permission for money to be withdrawn). In this way the DHSC avoid the punitive interest payments that they would be subject to for not paying on time.

Just my hope anyway !

"I doubt Kibo's involvement with Billingham is current"

Well if it isn't we need to hear from EQT, and honestly after Kibo's latest financial statement we should really have an update from EQT anyway, This head in the sand approach is not getting us anywhere.

Is there a link to this new report, the only report i can find on the Lifecycle website is over a year old and generic ?

"That's Kibo's area of expertise. Load Ballance, peak power sales etc"

Total revenue from Electricity sales in YE December 2021 = £3,245

Some expertise, and there was me worrying we had a lemon for a partner on our biggest project !

The concern is Kibo's financial situation an their shenanigans they have carried out in the last year, they are mortgaged and financed up to their necks

The most interesting statement in the AFS being

"Kibo settled outstanding fees owing to directors and management through the issue of a 7% convertible loan note redeemable instrument. The convertible instrument provides for the issue of unsecured redeemable convertible loan notes of integral multiples of £1 each to the aggregate amount of £672,824. The subscriptions for the notes shall be used to fund the Company's working capital requirements related to outstanding salaries and fees due to management, directors and former directors who are the sole subscribers to the notes."

So basically the directors took CLNs in order to give the company enough cash to pay their own salaries !

The big question is whether Kibo are in any fit state to progress Billingham, With a £20M impairment realised last year their financial position is not the best and with regards equity their share price is less than half it was 12month ago (with a mcap of £3M) which is what their stake is meant to be.

Latest AFS released today " Total revenues £3,245 (2020: £ nil);"

I really do think that we need a statement from EQT with regards the Deeside progress and the financial situation at Billingham, and we need it now.

https://www.mining.com/web/uganda-says-exploration-results-show-it-has-31-million-tonnes-of-gold-ore/

"Most of the deposits were discovered in Karamoja", Orom is less than 150Km from the regional centre of Karamoja

This will surely bring massive mining focus to the region !!

https://www.mining.com/web/uganda-says-exploration-results-show-it-has-31-million-tonnes-of-gold-ore/

Lets hope that some of this is in the Orom-cross region and covered by BRES mining license, would be good to scrape up the graphite to uncover the gold !

I for one would like to see the Directors buying in at this level, perhaps Mike’s distain for retail investors extends to himself and the rest of the BoD

https://www.catalyst-commercial.co.uk/works/june-2022-energy-market-brief/

"day-ahead power prices eased 32.6% in May, to average £121.80/MWh, but remained 59.4% higher than the same period of 2021"

But it could generate 7.8% of world demand (2021 demand was just under 24,000 TWH) worth about £360 billion (assuming 20p per Kwh)

Problem being is the wholesale cost of electricity is currently around half that figure

https://www.catalyst-commercial.co.uk/wholesale-electricity-prices/

"Could EQTEC power the whole world?"

Well it could, but not if we keep changing our minds on what we want to produce and have to go around the development cycle again. Ending up producing absolutely jack apart from hogwash !

“Just wondering why the institutional investors are not supporting the share price”

Realistically it’s the PFS that should drive institutional interest, as its that which will give them an idea of how much investment is needed and the probable return

@Swazers, the problem being is you just spend the whole time waving your obvious humongous intellect in front of everyone, and telling us how fantastic you are, in reality no one is interested in your crayon scribbling on the graphs, and even less interested in your opinion, and gloating

"could drop another 25% - 40% from here"

Or could rise by a similar amount in days.

IMO todays hit is purely down to EQT mis-managing the Deesside update, leaving it to the very last minute to give us an update just means most people expect it to be bad news and are trying to get ahead of it. So now we get the double whammy of a hit based on peoples assumption it will be bad news and any actual hit when DP lowers himself to inform us officially.

That being said it could be they haven't updated us because they are all canned up celebrating closing the deal!

Very poor management in my opinion !

Flowing like DP's "Pipeline of Pipelines"

https://d2cbg94ubxgsnp.cloudfront.net/Pictures/1024x536/9/7/0/500970_img_6106_851513.jpg

What did i say in April?

"its really now a case of if you liked EQT at 2p you have to love it at 0.8p !"

I meant 0.5p !

-16% on the day, but its ok though because EQT are actively responding on social media, with an article about strong women !

Let's hope we at least get some good news regarding Deeside in the next week or so. Not sure the market will accept another delay without the shareprice taking a considerable hit. (This late in the day though i fear we need to brace for bad news)

Its all well and good DP bleating on about pipeline of pipelines and being overwhelmed with demand, but we just need to see some actual movement on one of the larger long standing projects, and it doesn't look like North Fork or Billingham are on the cards anytime soon, so we hold out some hope for Deesside.

Hot air and rhetoric just isn't going to cut it in the current market.

More delays and we could be looking at 0.5p or even approaching the 0.45p June 2020 placing price, that really would be a long way back for DP's credibility with investors that backed him then and again in 2021, (Maybe Amati know something we don't?)

Some will say we can't blame the management for the current situation but they really have had a considerable time to progress some of these larger projects, all we have to show in the UK in the last three years is a cheap sign on the gates, and very little else. (apart from several rounds of fund raising that is)

Bexit, Covid, Financial Crisis, War in Europe there is always an excuse for EQT to use.

Always been confident with the investment in EQT, and still am, I do have to admit that in the last year the shine has worn off a little with fundraises and delays, it looks a long way back to 2p at the moment

....have been banging on about for over 4 years ...

5 years 6 months ago we were treated to an RNS that stated "Funding for First CoalSwitch Plant Secured"

In the time since then AEG have reportedly produced less than 10 Tonnes of Coalswitch, The Local primary school kids could have produced more in their science lab.

When do we hear an update regarding the Lumberton sale, and where the cash is going, or more likely that the sale has fallen through because the due diligence has turn up some shady dealing from the BoD.

Make sure you vote against resolutions 2 and 6 at the AGM or else more assets will be turned into cash and disappear out the door!