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Once a company delists your investment is gone It won't relist. That would require a new prospectus, so that's £250k and six months You've got shares in a private topco. Any useful assets are in subsidiaries that will never see the light of day. Easy to move any useful assets out and then wind up the topco

What's useful now is we have some clarity on margins on the MTRC contract. Previously we had no idea. With that info it's fairly straightforward to calculate the likely Post Tax Profit of the contract and thus how much cash the company will throw off over the life of the contract. This underpins the share price (and then some). Additional follow-on contracts with MTR, contracts outside HK using the MTR contract as proof of deliverability etc are all on top

I don't know the MYSQ corporate structure but if the topco delists shareholders will have shares in an unquoted limited company. Whether that topco is wound up or not I don't know. If it is, you've lost everything. If it isn't, you have shares in a company that's unlisted but owns whatever MySquar assets there are. It will delist. They have no chance of getting another Nomad. Maybe some company will pick over the bones of the assets after that. But shareholders are way down the list of creditors so don't expect anything

There is zero chance of a new nomad. Fraud company with nomad resigned. At same time as consolidation of nomads (Northland and SP Angel, Smith&Williamson and Cenkos) means that legit companies are struggling to find new nomads Nomads currently have the pick of companies to accept as clients and the number of Qualified Executives they have limits the number of clients they can accept Write off the investment and move on. Anything you get is a bonus

The margin is the key here. The concern was always that the pricing of the MTR contract would be dilutive to margins and that isn't the case It's simple maths to work out what margin the remaining contract and ancillary contracts should generate. Fixed overheads and tax are well understood so you can work out a future EPS based on this for the next 4 years.

Correct. For those unfamiliar with the way Atlas and other suppliers of Convertibles work, they don't ever take a position in the stock. They always sell forward and then convert to cover their forward sold position. Forget what was announced about them agreeing not to forward sell. They all do it When they converted their final tranche, that meant they had sold forward every last share they were ever going to get. Hence why volume has dried up since then

I posted that estimate a few days ago based on what is known about capacity of the waste sorting plant and typical product extraction per input tonne. Think it was a bit less than that though What you also have to remember is Altona will get a % of this. It will probably be less than 50% as otherwise this would be a "fundamental change of business" transaction and thus necessitate a new prospectus.

Gotta love these first post experts

Presumably its N American. Company search in USA and Canada is State/Province specific so you have to search them all. Then you have the problem that many State/Province don't offer company search at all Level of ignorance here is astonishing

Read the RNS It says that the company are the owners of patented pyrolysis technogy. It doesn't say they are a global player in the pyrolysis industry (in truth there is only one really big player, Sasol in South Africa) If it's some private company that has this patent why would it have a website? There are millions of patents squirreled away in private companies Maybe the smart thing to do is wait to hear the terms of the deal once it's announced? Then buy or sell based in that imformation

Although we don't have the size of the plant I found this http://www.portaldeulea.com/article.asp?id=16888384 Here it states that their waste sorting facility has a capacity of 256,000 tonnes pa. Now how much is plastic (a lot in a hot place like Southern Spain). So that's a massive potential input source when there's maybe EUR300+ revenue per tonne Bought some more when I'd crunched these numbers

Done some research this morning. Really liking the move into this sector. EU directives are forcing recycling of plastics. Landfill/incineration is the past. So forward looking countries like Spain are scrabbling around trying to encourage technologies like pyrolysis. So they are no doubt offering really sweet deals to handle their ever growing plastics problem Key is the plant efficiency. High efficiency and it's a license to print money as input costs are negative (council will pay us to take the plastics). All councils want is to hit their recycling targets. Depending on efficiencies, a tonne of plastic can convert into more than 3MW of electricity, a load of carbon black and some naphtha. Electricity buy prices in Spain are north of EUR50 per MW. Carbon Black goes for USD1200 per tonne. So I'd estimate over EUR300 revenue per tonne input Question is how big will the pyrolysis plant be and what % will ANR have? I'm really liking the sound of this

Sky cycling team are having special jerseys for the Tour de France highlighting the issue of waste plastics It is absolutely in the sweet spot this deal. Waste plastics that would otherwise be landfilled or incinerated, converted back into outputs like electricity If the tech is as good as they're saying it could be a real game changer

Think about it, the two shareholders you are talking about...one is a Director of other AIM companies, the other is a serial investor in AIM stocks with large positions. Do you really think it is in their interests to offload what is for them a tiny part of their holding and not notify? Of course not

Is that his Contractual Remuneration? If not, he's going to be issuing an invoice to PLMO for the money he's owed

The program will change to reflect the results of the initial and subsequent drilling. This will mean the cost may go up or may go down The point is that the company's geologist is best placed to estimate the total costs at this stage. Better than me, better than you. We can speculate as to what may be found and how the asset may be developed. But that's all it is, speculation, as we don't have any of the information that he has

There was an RNS with costed initial phase exploration, JORC and BFS. Numbers were prepared by the company's geo, having access to all available geo, geo physics, hydrology, seismic and aero seismic. Geo also has worked in the Arckaringa basin so is used to the landowners So we can go with his numbers, we can go with your generalisations on coal exploration in Oz or we can go with something else

Just heard that a request for a General Meeting (ie not the adjourned one) has been made by large shareholder Resolution to be voted on is removal of Harris from BoD

@phonomenonnick Nice analysis. One question: If you assume that current shareholders will not, in the main, take up the open offer, what makes you think that others will take up their entitlement under excess applications?

Yes, definitely.