Member Info for gspanner

So that’s 3 sites , 2 of which are planned to have 25MW grid connections....

So 2 further Billingham size projects which essentially have been ‘green lighted’ by the relevant authorities (planning permission aside).

Did I mention that as well as the planned Greek/US/Balkan announcement there may also be some surprises?

Looks like a well planned outfit.

As pointed out numerous times EQT have taken a million cash from warrants in the last couple of weeks, more from the business cash payments though likely 70-80% of these were needed to pay for continued project development/salaries.

In many ways those warrant shares may be ‘placed’ onto the market in the next couple of weeks anyway.

They don’t need cash to survive. They may need cash to thrive but that should be following a number of announcements...

Greece
California planning permission
Other Balkan projects
That rather intriguing Billingham project!

And there may be surprises.

DP has just got rid of all the investors who had no interest in the company, why would he want more on board whilst the business is entering a phase of phenomenal growth on the back of proven disruptive tech.

I’m prone to go on about ITM; their penultimate placing which I made the mistake of participating in was to build a factory which turned out to be a management screw up because the power/voltage was unsuitable. The sp bombed once the incompetence became apparent. The second where Linde bought a chunk (I didn’t participate, once bitten twice shy) was the fuse to the rise to £3 sp £1.5bil mcap. (As I have said sold at £1, so made plenty from ave 14p but missed the final ride).

Point is the placement will come when Cobra or equivalent buy 20% or so. We have already been through the management change here and cut out the dead wood. (Many of the same muppets are still ‘running’ ITM).

There is just a possibility of a placement to fund an equity stake in Billingham is agreed as part of the recent MOU RNS, but that may be funded by equipment provided like N Fork. In which case it’s to thrive not survive and the SP will look after itself.

Well I bought 2.2mil more to maintain my shareholding around the 1.5% or so following the issued warrants.

GLA

I cannot see why that wouldn’t be a possibility... though it does sound very much like EQT choose the projects that they know they can deliver on rather than having to chase business. If it would work I am sure they would be on it.

I very much welcome constructive comment; and the dear old market will tell us soon whether you or the herd (myself included) are right about a placement and pullback.

I do think the very minor pullback is over, similar occurrence last week, because despite the technical ‘overbought ‘ signals the reality is in comparison to a large number of companies (most loss making and many without good evidence of a working example).

PHE, ITM, IES, VLS . Those with mcap £80mil or so typically no installed plant, at least ITM at a billion has working electrolysers.

HA ha yes we’ll see what happens...

A risky short IMO, but there you go, good luck.

OT

No BMN, feel a bit burnt by the Vanadium space to be honest, keeping an eye because I always believed in the tech, need to be convinced of the economic argument.

I think the one thing the current situation has guaranteed is that subsidies for emerging tech will go... Here there is a reported 12% return PA without subsidy in comparison for high single digit returns with solar. Therefore an easy win for virtue signalling councils (and therefore planning).

Sorry I should say conflict of interest I do hold 6000 shares in Invinity! It is not mentioned as a ramp!

Just to take the emphasis away from PHE for a tic, have a look at Invinity (IES).
Interesting tech, £1.1mil sales, a reasonable size order to Oxford superhub, diff to know exactly what the loss is due to corporate activity (likely £5mil or so).

Mcap £77mil.

Invinity may be fairly valued, but clearly therefore EQT remains cheap despite recent rises.

Excellent vols; so anyone who wanted to sell today has had a good chance to, and yet still a 20% rise. I am finding it difficult to believe this is just PIs doing all this buying, I wonder about a holdings RNS in the near future.

Off to amuse myself by looking at the size of my pension.

Take some profits and sleep well at night...

I had 385000 shares Ave 14p in ITM and held for a long time through thick and thin (and some pretty appalling management decisions). I sold at a £500mil mcap, where I thought fairly valued, so £1.04 so and I saw what happened there.

I don’t think we are even fairly valued here so continue to hold.

Great post AimforR,

And I quite agree, Palumbo’s skill set is such that he can fund this without dilution now until it becomes the cash cow we can all see it will become. Pay off the debt then or when true value realised and taken over (but not too soon).

Just reading the Arden note...

Interesting stress on the operational warranties that are offered which gives reassurance to equity and debt parties;

And highest operational efficiency from waste to energy tech from commercial company, plants do not need subsidies offering IRR of 12-14%.

In a world of chasing yield with Palumbo’s VC background it seems pretty obvious to me financing will not be difficult.

Or up... Following a bit of consolidation.

Sorry... Traders took some money off the table.

Agreed, must be Eboiss then as per the Align Note. I did think the trading was different this am... Then a change in momentum as some traders toolbar some money off the table.

Yes good for you PigGlider.

So tempting to sell with the relief of parity, but you need to reward yourself for your patience! As you may tell I have been in the same position before.....

I think at last the big seller has finished. No trades above 4/5mil despite ample liquidity.

It was interesting I thought that it was the first thing DP mentioned when asked about progress. Normally the most important thing comes to mind first - an indépendant vindication of the tech by typically rather pedantic folk (underwriters)...