The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
DBB, I wish I could believe in miracles!.
For me, the preferred route would be for an Insti or a big hitter to negotiate a block transfer, as per Altair did a while back. (although I never believed in that transfer actually taking place, despite what Ian said in the interview). Seems our investors are TR1 shy.
I have followed up the issue of TR1 both the Nomad and IR, both giving the same reply, i.e, the onus is on the shareholder to give a TR1 disclosure to the company, who in turn will issue an RNS.
Considering Ebioss are preparing to come to the LSE, they are IMO already breaking the rules,. It's like a criminal wanting to join the police force!
DBB, it might just work out right for you to hang fire with your final tranche. If a REAL revenue RNS can't shift the SP, nothing will until Ebioss are out of the picture. I personally don't envision seeing another similar RNS, more likely another MOU or progression of a current project. I also think the hype of all the previous so called 'deals' has worn off. 0.20p does appear to be the baseline.
Looking at what can be expected for the remainder of the year....(not in any order):
Half yearly results.
AGM
Billingham MOU expiry/extension
More confirmation from NFCP/Phoenix + down payment for invoice.
Spain News?
Ebioss No longer has a notifiable interest.
Directors' purchases?
An Operational update.
Perhaps others can add to the list. (I don't expect a placing or other fund raise in 2019).
IMO, DYOR, GL.
Don't get me wrong Smokin, I would love a general business update. Don't want to see North Fork deflect from the other irons in the fire, especially those that have 'advanced stage' engraved on them.
FWIW, IMO, I'd expect something on Billingham by end of year seeing that we have 6 month exclusivity for the MOU. This IMO is gonna be a slow burner.
I don't envisage anything from far east as IMO, much of that news was padding up the portfolio.
The most likely progress may come from Spain, based on what was said in the last operational update.
Of course there could be new MOU's added to the list.
GL.
Smokin, TBH, I've never been a fan of these pre-meditated and rehearsed interviews, especially with Proactive and D_Talks. Like bucket shop promotions, all about self-importance. Never seen an established company use that portal for exposure.
My motto: as Nike would say, "Just Do It" and let the results do the talking. GL.
King5hott, having reflected on today’s rns, I’d make the following comments:
This is big news imo. It silences the naysayers. Confirms the North Fork Plant is a reality and not another one of Ian’s ‘advanced stage’ that never seems to advance!.
This rns validates our own research on this BB and confirms our belief in the USA market.
Ian will no doubt be delighted but more so, relieved to have ticked one of the boxes, but IMO, still has some way to go before he is fully trusted. The same goes for EQT as a whole, their comms, their PR and transparency needs to improve IMO.
DaddyBigBucks was questioning the ethics behind directors’ remuneration (40% in shares) being agreed with the SP at rock bottom???... Well, imo, they knew about Ebioss pegging any SP rise, they knew no news will be forthcoming for at least 30 days after the remuneration announcement. So, the low SP continues, gives many an opp to participate at a lower level than the directors, so arguably their conscience will be clear!
It hasn’t come as a surprise to me that such fantastic news has been greeted by a measly 14% rise, which is effectively the size of the spread!!....yep, Ebioss.
Six months ago, this news will have virtually guaranteed a bag had it followed on from several of Ian’s uber-positive interviews. However, the shares are also more liquid now as Ebioss exit.
I am annoyed that the rns again contains some definitive dates “Project to reach financial close which is anticipated during October 2019”, “ final granting of permits to Phoenix. However, the Company has been informed that these are now expected to be received in Q1 2020”, I’d have thought they’d have learnt their lessons by now. We’ll see.
880K euros is a BIG down payment which allays any concerns for further finance raise this financial year, with milestone payments to follow.
Finally, I can perhaps see some of the reasons for lack of transparency and PR – IN THE USA - as if to keep competitors in the dark. But I think the ‘NO SHOW’ on end of June Payment could’ve been better covered rather than a footnote comment in another rns.
I am EXPECTING, after the closure mid October @ North Fork, we will see an all out PR and media exposure in the USA, specifically California. Phoenix/EQT/NFCP MUST capitalise on this ‘green light for Biomass Plant’ in order to gain traction for their other collaborative projects. Let’s hope we are not just a company in England (someone needs to tell them we're in Ireland!).
IMO, DYOR.
Seeing it got mentioned in today's rns, thought I'd start a thread on this. For starters, here's some info:
http://woodbioenergymagazine.com/blog/2017/california-city-and-waste-hauler-propose-biomass-facility/
King5hott, as much as I can forgive them for being vague and making, what looks like, an amateurish coverage, they are a voluntary organisation made up of bunch of Mountain people from North Fork! Te pull out of GE and a company from England was involved, was mentioned in the minutes over 2 months ago, so not sure why they brought it up again.
IMO, EQT should be beating their own drum and certainly, being a legally binding 20% owner of NFCP LLC, should be making sure they are rightfully mentioned. Wouldn't it be great to get a mention in the USA media. Seems our lot are now media shy. Frustrating that so much could be done wrt PR.
HI Smokin, Sorry, but can't see how any of our projects impact Ebioss any more, seeing they are going in an entirely different direction. They and Ian's 'promises' have compounded the issues here. I want Ebioss gone and Ian to do what he was employed to do, i.e., more than talk!
Be interesting to see how the market reacts to the North Fork outcome.
Those that have general interest in Bioenergy might be like to know that Greg Stangl is one of the speakers at the upcoming Symposium:
https://www.eventbrite.com/e/2nd-germany-california-bioenergy-symposium-tickets-68637092391
Iangreen, no offence mate. You being a holder, hope you OK with banter!
Smoking, I don't think we will get definitive dates from Ian any more. Having been stung by his premature 30th June RNS quote, they are now leaving plenty leeway to cover their ar$$$. No doubt you will have seen in that Bioenergy article ...
"At this point, we feel pretty confident the escrow is going to close in the next month or so...." - eh?
"..Our goal right now is to be making electricity within 14 months of the [financing] deal’s closing.” ....from?
We know from North Fork Community minutes escrow release was this month as well as the Treasury confirmation of their approval. It's now a case of how long for all this to filter through with money in NFCP llc's coffers....and so on.
Let's hope it's all firmed up PDQ.
An update on other irons in the fire wouldn't go amiss though.
Ha Ha King5hott. Nice one. But I think I can forgive him for that as he is talking about some FOLKs from North!
On a serious note though, you can't really moderate a public BB, just that it would be nice to keep a thread going for a continual debate. Each to their own eh?!.
BTW, makes a refreshing change to not only get some interest, but a lickle bick of volume too! Let's see if we can hold it this time. GL.
King5hott, that's what I fear. We've avoided big volume days that's kept them quiet. Seeing buy/sell fairly accurately listed, the deficit justifies a higher price. But MM's are in the know. Will see what shows up after hours.