Member Info for Computer909

"but I doubt he is the villian you want him to be."

If Palumbo had suffered along with the EQT shareholders you could probably make that argument, but he hasn't, he hasn't invested/lost his own cash, he has continued to take a bloated salary and he has enriched his friends like with dodgy deals and giveaways. All while positioning himself to carry on merrily if EQT finally hits the skids.

The guy is an absolute Charlatan, he knows it, everyone knows it, even JVL couldn't put up with his shenanigans eventually and ran away.

North fork is an absolute car crash, Wade wheeler was adamant they would be operational by the end of 2024, now Phoenix spouting Q3 2025,

It didn’t take this long to put a man on the moon with the compute power of a pocket calculator, Phoenix are a bunch of clowns that have only ever delivered chapter 11.

Dumbo will be long gone with the all the company value before North fork comes on line. Phoenix trying to crowd fund Wilseyville is straight out of the Palumbo begging bowl play book.

“I think first day after bank holiday we should get some news”

God I hope not, with the BBQ weather this weekend, Dumbo and Gunn could have a drunken get together and concoct another scheme to rip off shareholders, like last time!

Even on the existing resource values we have broker notes estimating 23p to 46p, it’s not about the journey it’s about the destination!

You can can't keep calling EQTEC a startup, Palumbo uses the startup moniker to justify little revenue and continual dilution of shareholders, they have been around in one form or another since 1997, that's over 27 years. Even Dumbo will say they have existed in this state since 2011, The guy is a cheap snake oil salesman who will soon move on to CompactGTL leaving EQTEC drained of any value whatsoever.

With someone else in charge it’s 50/50 with the self serving Dumbo Palumbo in charge not so sure.

The charlatan sees shareholders as mugs, there just to give him the next wad of cash he needs, he’s coming to the end of his free ride at the EQT trough and will be moving onto his next sham which apparent will be CompactGTL.

This isn't the EQTEC project suddenly coming to life, this is the restart of the legacy incineration plant that is located on the Gardanne site previously the Coal fired powerstation, the plant was shut down in 2023, EQTEC were supposed to look to replace the legacy plant with new cleaner technology.

Restarting the old plant, basically throws the EQTEC project into question, but because EQTEC don't have a stake in the plant and they were only ever contracted for a feasibility study Palumbo doesn't have to inform the market.

It would appear that the feasibility study (Announced 23 March 2023) with a budget of £1M has resulted in the plant sticking with the old dirty technology and not taking EQTEC technology anytime soon.

Https://www.devex.com/news/devex-invested-what-us-foreign-aid-chaos-means-for-dfc-109180

....

"But there also seems to be some confusion about how exactly the executive order requiring a 90-day pause and review of foreign aid will apply to the agency. An internal email that I obtained says the agency is aware of the executive order and the potential impact on DFC clients.

“We acknowledge the challenges a delay may cause with our clients with respect to upcoming obligations and we are working at the highest levels of the U.S. government to finalize this analysis soon,” says the email to some agency staff members from Mateo Goldman, DFC’s senior vice president for investments. “We will be in touch as soon as we have additional clarity on this matter.”

A) 90-day pause in United States foreign development assistance for assessment of programmatic efficiencies and consistency with United States foreign policy.

All department and agency heads with responsibility for United States foreign development assistance programs shall immediately pause new obligations and disbursements of development assistance funds to foreign countries and implementing non-governmental organizations, international organizations, and contractors pending reviews of such programs for programmatic efficiency and consistency with United States foreign policy, to be conducted within 90 days of this order. The Office of Management and Budget (OMB) shall enforce this pause through its apportionment authority.

The head of the DFC took part in a senate committee in February making clear her organisation was impacted by the executive order.

DFC payments are frozen for 90 days as part of this executive order.

https://www.federalregister.gov/documents/2025/01/30/2025-02091/reevaluating-and-realigning-united-states-foreign-aid

Today is day 86 of the 90 day pause instigated by executive order 14169 “ Reevaluating and Realigning United States Foreign Aid”

https://www.federalregister.gov/documents/2025/01/30/2025-02091/reevaluating-and-realigning-united-states-foreign-aid

Hopefully we will see the BRES payments unlocked from next week

If you need an unequivocal investment Legalwolf I gave you the moneysavingexperts savings page yesterday, you should go for something on there

“don't kid yourselves this is certainly heading towards 3p!“

It is indeed likely to be around 3p tomorrow because the MMs love to take advantage of nervous retail investors who can’t see the value being built.

As I said if it does go below 3p I’ll take a few more

Legalwolf

https://www.moneysavingexpert.com/savings/savings-accounts-best-interest/#easyaccess

I think you would be better off taking some advice from Martin, you can get a guaranteed 5% ish, but then you wouldn’t be able to bleat on about how much of a master investor you are would you?

“but secretly wishing they had heeded his advice, “

Blimey I didn’t realise we were graced with the presence of Warren Buffet, aka Legalwolf, who can accurately judge to bottom of the market every time, is a multi-billionaire and gracefully shares his wisdom for the benefit of all mankind.

Or perhaps we just have a sad individual who like Trump likes to tell us how fantastic a business man he is, when he couldn’t run a bath

“You have to view this from the vantage of those on the sidelines”

Please do so and save us from your sanctimonious preaching, invest if you want, or don’t, just stop the constant drivel.

Sit on the sidelines for another few months (quietly please) and see just how much you have missed the boat by.

@Legalwolf, you have said you aren't invested so why does it worry you?

Last weeks RNS was an offtake agreement, you think they should have suppressed that news then? We couldn't make you up sometimes?

"my trust in MR has dropped off a cliff."

I agree Mikes credibility has take a hit, after stating warrants were the easiest way to destroy a share price he has now been forced to issue them twice, now at what i see as a pretty low value, but i'm sure he didn't want to do this but needs must as they say and if it keeps BRES progressing then so be it, if you want to blame anyone blame the orange idiot on the other side of the Atlantic

"Why not at least wait til after drilling results?"

Because they have given timelines they want to stick to i suspect, the DFC freeze is unfortunate but as long as it doesn't delay the DFS i am ok with the raise if its needed. (although as i said the warrants are a bit of a kick in the nads admittedly!)

"Surely raise it now and get on with finally completing the DFS?"

That's exactly what they have done, they have raised what they need and minimised dilution whilst continuing momentum.