Never seen Advfn BB so busy9 Feb 2020 12:23
1) fully funded
2) Movialsa project a showcase for European partner roll out
3) US partner Phoenix has 2 near term projects with EQT post North Fork
4) new CEO hugely experienced in the sector with project level financial backing through his immediate network
5) technology can work in many verticals and thus can be rolled out with specialist partners in many geographies
6) technology is dealing with a real world problem that is getting significant traction globally
sharetalk8 Feb '20 - 15:10 - 88 of 91
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b) France:
i) Grantens: In planning, biomass, 1.18 MW:
-- 13/11/2019: Agreement with 'Biomasse 31' SPV for development of 1.18 MW.
-- Seek permits and financial close in 2020, then construction.
-- Value of technology, equipment and services contract c.E5.5m to EQT.
-- EQT Iberia to provide E100k upfront towards costs, to be repaid 2x on close.
-- EQT option to invest equity capital into SPV, to increase its revenues.
-- "...our potential market in France is only starting to open up and the Project, combined with our presence at Lorraine, can act as the foundation for growth and development in the region." (EQT, 13/11/2019)
-- "we have no doubt that we will make a success out of this project, which we believe is the first of its type in France." (Biomasse 31, 13/11/2019)
ROYALALBERT8 Feb '20 - 15:46 - 89 of 91
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Interesting company we have.
Jfreshfield8 Feb '20 - 19:21 - 90 of 91
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Forgot to add.
Recent equity raise and sale of equipment provide a much improved balance sheet.
Warrants at 0.25p will provide more cashflow - I expect these to be exercised when we move into 0.5p plus territory.
More cash to EQT.
The company is at cusp of a material turnaround with a much improved trading position and key partnerships underpinning growth.
Shareholders should benefit hugely from this new platform for growth IMO as downside is limited and upside is blue sky potential.
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