Member Info for haggismchaggis1

If you put it to the BoD or remuneration committee, they would just tell you what I've just told you.

As stated and proven by me on here a few weeks ago, if you needed to replace AB with someone of the same calibre, dealing with the CEO's of massive companies, you would have to pay them the same money AB is on, or more. That information is easily found if you bother to look for it, instead of assuming that because he gets a salary of xyz then it must be too much, it is not.

"dealing with the CEO's of massive companies", that is what he does in The Hydrogen Council, as that is who the members are, and the group is designed for CEO to CEO strategic networking, plus getting us deals with the likes of Extreme E, Acciona, Keltbray, Mace, and ABB, plus having at least another 50 lined up under MOU/NDA/WHY.

Seg,

Yeah, but for 10kW surely they could have reduced the height so it'll fit in a standard roof Transit van (or equivalent)? That won't fit unless it can be laid down.

That is the size of a telephone box so should take 40kW.

To me it's like selling a Hummer with a Mini engine in it, or a buying a king size bed but only putting single sized bedding on it.

I look forward to AFC providing the actual specifications, to see if that lessens my surprise.

Well my size guesstimate was way out LOL!!

Jesus that's HUGE for 10kW!!

I know it can be expanded, and has a battery pack, but even then, HUGE with only 10kW in!!

Moving up a little again, still way undervalued though.

The current plan is for production to start at end of 2023, but due to the resource already significantly exceeding the target, and demand outstripping supply, causing price pressure on EV manufacturers and Power Storage projects, I see them bringing that forward under request or in mutual agreement with Piedmont, which in itself will come from pressure by those massive users of the Lithium.

We know production can be up and running in less than a year, we know the resource is big enough and high enough grade to make the mine very financially viable, we have the money sat waiting to build the mine, so just a case of the BoD making that decision.

It would bring production forward to early 2023 instead of late 2023, so not a big deal as far as risk goes, but a big deal for the company reaching self sustaining revenues, so certainly something the BoD should be looking at, and I emailed them last week suggesting it. These people are real go getters, so maybe they'll jump at the chance.

300p! Woohoo!!

Southerhay,

I don't see why not, even the HFC is small enough. They could have a 50kw battery instead of 150kw or 200kw and a fuel cell to keep the battery charged up. Every time the bus is going slowly or stopped in traffic, or stopped at a bus stop or depot, the battery is being topped up. When motoring along, the fuel cell is providing extra power to the motor.

The word is drivel not dribble, you dimwit. You can't even get that right!

BG,

Absolutely! A KN-1 revenue stream could do wonders for the share price.

We could also go for the max output from KN-1 (and thus income for us), as it's longevity is no longer a restriction, being that the huge gas from Chikumbi wells will come online and dwarf it.

Tetrolite,

Maybe I was there :-D

I certainly wouldn't announce myself, as there's far too many lunatics on the loose, and several of them are on this BB.

Hopefully POLY BoD will hold on a bit longer to see what happens with peace talks. No point Russian (!) into a company split!

Posted by me in February:

haggismchaggis1

18 Feb '22

Posts: 4,509

Price: 0.875

PageofCups,

Well argued points! I think Crusty has been here so long that he's become the eternal pessimist, the Victor Meldrew of the AEX BB. Not that it bothers me, as there's good reasoned and well informed argument coming from the other side.

As I said at the start of this thread, I'm sure AEX will be looking at reworking KN-1 in the summer, whether it happens we'll have to wait and see, but CH-1 won't be a producing well for some time (presuming it is drilled successfully in Q3), as the connecting pipeline will need to be built, so I see KN-1 as essential to the Tanzania Government. I'm also sure that in the discussions over owned monies, AEX made KN-1 a bargaining chip, and the Tanz Govt paid up with, I believe, a verbal agreement that AEX would get KN-1 up and running as soon as they can. As you said, they need approval, and that could land any day. Now that the O&G Govt bodies have been kicked into shape, I think we could see that approval in time to AEX to organise the work to take place in the upcoming dry season between May and November.

Just read the below announcements in chronological order a few times and it seems obvious that Tanz Govt want KN-1 up and running, AFC used it as a bargaining chip and won, on the basis that AEX get it up and running as soon as approvals land on their desk. Also it is clearly 'low cost', and AEX scooped $1.85m from the monies owed settlement. $1.85m for the work would not be low cost when you compare it to drilling costs, it should easily be affordable and I'm also sure that being 'low cost' the partners will have no problem funding it, because they know that with gas sales they will get that investment back very quickly.

30 June 2021. The Company continues to explore the opportunity through remedial work to restart production from our Kiliwani North well. We, therefore, continue to see value in Kiliwani North through a low-cost remedial work programme. However, no work can progress on Kiliwani North until resolution is reached on the Kiliwani North receivables.

15 October 2021 Payment of Kiliwani North Gas Receivables. As previously announced, the Company and the TPDC have been engaged in constructive negotiations over the last few months which have resulted in an agreed settlement.

18 November 2021. Receipt of Kiliwani North Gas Receivables. US$1.85 million. (paid within 3 days when they had up to 30 days, pretty much unheard of in Tanzania to be paid this quickly).

I said weeks ago they needed more gas, and KN-1 should be sorted in the dry spell starting in May. I also said that the $1.7m loan from APT should still be available to AFC if it needs it, and I'm sure APT will be happy to oblige to help keep the Tanzania authorities happy.

I just added 250,000 to round up my holding to the nearest million. That will do for me. Bring on the 3D seismic results and then drilling.

From the images and description I posted yesterday, things are moving fast and very professionally in Tanzania with the Seismic, and therefore drilling this year has to be a 99.9% certainty.

Nice jump this morning! Here's to another week of rising!

Not long to go now, just 8 trading days. So, who is going? And what questions would people like asked? (surely DW, garmoan, daz, and Bondy aka Junior will be front and centre to get all their fake concerns answered LOL!!).

The 2022 Annual General Meeting will be held on Thursday 7 April 2022 at 9.30 am at Napier Suite. Brooklands Hotel, Brooklands Drive, Weybridge, Surrey KT13 0SL.

ItsallBull,

Yes, but we still have no sales from them, so under risky's fantasy psychology they must be dead as a Dodo as far as any commercialisation goes.

I'm fine with it continuing to creep up slowly, no need to create a spike, just keep consolidating at slightly higher levels is good for price support ahead of news items.

havefaithinmarke,

My mum passed away in November 2018, so no, I won't be spending time with her.

As I said, there is no such thing as too much information. Call me Jesus Jones if you like, but how often I am on here depends how often relevant news items appear, not how much I have invested here. And the upside potential from my £1.50 buy price is what matters, not the base cost.

https://www.youtube.com/watch?v=7FjVjt78iqk