Still no word on whether Italy is running continously (April and May since was upgraded). Don't think they will get equipment orders till its fit for purpose. Note Idex have not issued their Final Investment Decision yet for the France project......
RE: There are smarter people than Palumbo who are watching him28 May 2024 15:13
Still no Final Investment Decision from Idex. They will be waiting to see if the Italian plant can operate sussessfully, we all wait to hear.....have we had a month of continous operation since the last announcement ??? I'll be back in then.
Odd that they sell. Nicholas Lee (Director Riverfort) and Palumbo both sit on the board of Mindflair plc. Lee obviously has no conviction in the future of EQT. The finance re-structuring merely reduced their risk to EQT (reduced facility) and ensured they get a slice of income and Logik settlement, if it ever arrives......
I don't think Verde will ever become an investor. A quick look at a very recent court case in the US tells you all you need to know. Even Eqtec signed off the last RNS with a warning. Shambolic.