Agree until Company puts some figures out we can all guess on how they got the 6.4kw of electricity. And there lies the problem how much gas did they actually use over what time period did the achieve that 6.4kw of energy. The figure on its own is meaningless as there is no way on earth a boiler producing 15kw thermal can produce 6.4kw of electricity otherwise they would be selling the boiler instead of a 6.4kw generator. They mentioned 2000 hours of testing so did it take 2000 hours to produce 6.4kw of electricity. They have left it so vague that no one actually can work it out. Smoke and mirrors mate it’s how they work and have always worked.
No price has been given as they have not manufactured one. But at least you are starting to get the picture. The other thing to consider is the thermal output they are quoting. It would barley heat a 2 bedroom house so perhaps it would be running all day in a 4 bedroom house lol.
However cost to run would far outweigh any electricity produced. Its a non starter hence why they have moved onto looking for alternatives. Keep the private investors throwing money in just to keep the lights on.
Just to put things into perspective, a 2 bedroom house requires between 12kw to 15kw heat output. a 4 bedroom house requires 30kw therefore a 4 bedroom house would require 2 boilers. 15kw is the maximum output this could drop to 5kw.
Thing is he is on £60k per annum but what does he actually do to earn it. They have no products no revenue a small amount of staff (not sure what they even do) so what does he do to earn this. Of course he has a vested interest to keep the company going buying a small amount of shares every now and again gives the impression he actually believes in the company. However it seems to have fooled a lot of investors into pumping money in just to pay his salary.
The longer he can keep the gravy train going the more money he will make from private investors.
RE: Blah Blah Blah - Don't shoot the messengers23 Jan 2020 11:50
Haven’t seen you around since the good old days of tanzanite lol
Unfortunately when share prices reach these levels it does attract day traders and most will say anything to try and move the price. There are a couple of hopeful investors as well.
As you say fura have spent millions on loss making mines and unbelievably they still manage to raise money. Perhaps they are trying to build a portfolio hoping that some big mining company take them out, but doubtful.
RLD were clever with the sale happening just before end of December meaning they won’t have to publish accounts at end of June.