Member Info for haggismchaggis1

My view is that if it is acquisition paperwork, as per the FT article (which is clearly not The Daily Mail or Motley Fool), then it may take a week to get that paperwork all across to PWC and for PWC to finish analysing it, so I am looking at results RNS end of next week or possibly early the week after.

Looking at the chart I think it 'might' have bottomed out, so I dipped a small toe in with 710 shares at £278.72p. That's only a tiny percentage of my portfolio, so minimal risk.

The FT article from about an hour ago suggests it could be paperwork that PWC need with regards the acquisition transactions.

https://www.ft.com/content/c65dbc9f-4a85-4493-bfde-c4647bf61b46

So if the receivables had been received, the loss would have only been the demerger write down?

Net cash flows from operating activities A$3,095,347

Note 8. Trade and Other Receivables
GST receivable A$87,307
Piedmont farm in contributions receivable A$4,468,191
Other receivables A$218,503
Total A$4,774,001

Mucksy,

For Fuel Cells at the level of Grid Baseload (GW's) you'd need massive Hydrogen production. How do you plan to fuel GW's of Fuel Cells in the UK?

The Wind Power and Solar Power can provide that as Green Hydrogen or with conversion, Green Ammonia.

Also, right now, Wind and Solar are cheaper per MW than new Coal plants.

https://www.renewableenergyworld.com/solar/with-or-without-subsidies-wind-and-solar-are-still-cost-competitive-report-says/#gref

And a one-off that won't be repeated:

Write down on Demerger A$8,752,182

Cash and cash equivalents at the beginning of the period A$19,135,463

Cash and cash equivalents at the end of the period A$23,301,880

I said last night it couldn't be staff shortage....

This would also be a good reason for starting mine construction sooner.

"any cost overruns or savings will be shared equally between Atlantic Lithium and Piedmont"

The bit that caught my eye was actually this:

"To date, approximately 28km2 has been auger drill tested, with only 13km2 drill tested within our broader 560km2 portfolio in Ghana. This demonstrates the true untapped value potential that the Ewoyaa Project offers, which we are looking to capture."

560 / 28 = 20x
560 / 13 = 43x

UK Looks To Triple Solar And More Than Quadruple Offshore Wind Power

The UK’s Department for Business, Energy and Industrial Strategy is set to soon unveil targets to triple solar power capacity, quadruple offshore wind installation, and double onshore wind this decade, as part of boosting energy security and becoming less reliant on foreign energy supplies, the Financial Times reported on Tuesday, citing sources close to the government’s plans.

According to those plans, the UK will target to triple its current solar power capacity to 50 gigawatts (GW) from 14 GW now, more than quadruple offshore wind to 50 GW from 11 GW, and boost onshore wind installations to 30 GW by 2030 from 15 GW now. Boosting nuclear power generation capacity will also feature in the new energy security plan of the UK, which pledged earlier this month to phase out by the end of 2022 Russian oil imports after Putin’s invasion of Ukraine.

https://oilprice.com/Latest-Energy-News/World-News/UK-Looks-To-Triple-Solar-And-More-Than-Quadruple-Offshore-Wind-Power.html

Leeds Bradford Airport and Urban-Air Port to develop an unmanned aerial vehicle hub

Urban-Air Port will work with LBA to develop an off-grid, hydrogen-powered infrastructure hub at the airport.

https://www.passengerterminaltoday.com/news/technology/leeds-bradford-airport-and-urban-air-port-to-develop-an-unmanned-aerial-vehicle-hub.html

Looks like Turkey could do with a few too.

Turkey’s Gözen orders 100 eVTOL air taxis from lessor Avolon

https://www.dailysabah.com/business/tech/turkeys-gozen-orders-100-evtol-air-taxis-from-lessor-avolon

Results RNS is out! Looking good!!

The Zubair family:

1) Must be aware of the state of SCIR's finances
2) Are under pressure to get the gas flowing within 18 months
3) Know that they cannot afford delays caused by any SCIR fundraising
4) Know that SCIR have been trying to offload their percentage of the assets for ages

Therefor the Zubair family should just buy SCIR out and have done with it.

"Which suggests to me that it can only be a matter of days until it is complete."

It could be any amount of time, in fact, PWC could even decide not to sign off the accounts for some reason. As per the news item posted by MaryBr190 "Delays in audit sometimes indicate disagreement between management and auditors." and "One analyst, who declined to be named, said it was unusual for an auditor to let a company know it would not sign off its results the evening before a planned release."

If it was a delay due to PWC staff shortage (possibly a covid breakout in the office), then surely PWC would have told S4 that (just like they did in March!), and S4 would have told the market. The fact they didn't, indicates it is something else causing the delay.

"Unlikely they would declare that trading/growth would be broadly in line with expectations if there was a glaring hole in the business."

Unless PWC have not told S4 what the hole is, because they are investigating it. PWC as Auditors, do not have to tell the client what the issue is until they are certain they have their facts and numbers right.

So S4 cannot say results are any different at this time, because PWC have not told them they are different yet, but could still do so, once investigation is completed.

The fact S4 could not give a reason, indicates that PWC have not given S4 the reason. To put it another way, if PWC gave S4 the reason and S4 didn't tell shareholders it was a simple issue like staff shortage caused by covid, then S4 would be withholding information that they should be advising shareholders of.

"US facing major domestic lithium shortfall by 2025: Piedmont CEO"

The US' domestic lithium hydroxide capacity will only reach an estimated 151,500 mt/year by 2025, according to Phillips. The country currently has about 15,000 mt/year of lithium hydroxide conversion capacity, but Piedmont could become the largest domestic producer with its plans to build 60,000 mt/year of capacity by 2030, he added.

"We are in conversations with potential strategic investors, and they are very excited about the scale of our business because 60,000 mt/year of hydroxide is a lot," he said. "It would be by far the biggest in the US, and if you are building a car plant or a battery plant in the US, having Piedmont as a supplier will become very important to those companies."

The Belmont, North Carolina-based company is developing two lithium hydroxide conversion plants and a spodumene concentrate mining operation in the US. The company also has partnerships to develop spodumene assets in Quebec and Ghana to supply its conversion capacity.

"We want to control the spodumene because we don't want to be exposed to the market like the Chinese convertors are," Phillips said.

https://www.spglobal.com/commodity-insights/en/market-insights/videos/market-movers-americas/220328-supply-takes-center-stage-for-evs-natural-gas-crude-tankers

I'm not in here, just had it on my watchlist since it was tipped at the start of the year as a possible recovery play or long term hold.

I also considered a staff shortage at PWC, but don't you think they would have moved Heaven and Earth to get these accounts done in time? If I was the department Manager I would have.

The number of acquisitions causing issues is a possibility, but don't you think they would have thrown everyone at it to get it done it time.
PWC are a massive organisation, they have the staff number to throw at things to meet targets like this.

As the RNS was so late in the day, I think it's less than a 50% chance of a further RNS on the delay tomorrow at 7am.

So that leaves everyone to place their bets at 8am or see which way it goes first.

"I think it's right to say that Scir still hold one of the cards"

It's definitely not an Ace, maybe just the Joker in the pack!

BTW, the idea comes from the Power Tower looking like a white TARDIS, in case ya hadn't guessed!

Bananaman2,

Have you ever seen Dr Who utter a profanity?

The only one I can remember is 'cretin' way way back.

And do you think profanity would help sell more AFC systems?