Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
That is very encouraging news. More sales backed up with numbers and further positivity. I now expect the share price to rerate with the Empiric Student Property plc news yesterday that followed up the renewal of the gov. contract before this. I am very optimistic today regarding Sabien's progress in the M2G market and feel further contract wins are imminent.
In the background, any progress with City Oil and bang.
How about an update Paris. You are all getting paid at Sabien, at least your 'shares' are yielding. At the same time our shares decrease in value through your inability to deliver. HOW MUCH FUNDING HAS B.GRN RAISED TO DATE FOR THE CITY OIL PROJECT?
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Following the Sabien's Environmental Trade Summit on 24 October 2022, b.grn has received multiple international written expressions of interest to be part of the worldwide 'franchise' rollout of the RGO technology. If successful, the rollout will generate an additional significant commission revenue stream for Sabien. b.grn's funding round is ongoing, and we look forward to providing further updates on key milestones.
Alongside the RGO opportunity, Sabien's existing M2G business is building momentum as set out in today's investor update. The next generation M2G Evo solution is close to completion, new avenues of boiler analytics are open to Sabien, the residential market is being explored and recurring revenue is growing.
The Board considers that Sabien has a well-balanced portfolio of the new, high potential technology RGO technology combined with the proven M2G technology which is expanding into new markets and capitalising on the current high energy prices.
The Board looks forward to a year of significant strategic development with the RGO project and growth of the M2G business
Finally some engagement. Encouraging news about sales and more to come upon reading the RNS. Hopefully we have found a bottom and will tick up.
Could SAP Certification be coming soon? That would change the game on the M2G side.
No news on City Oil? This is the golden egg and why I am invested. We know that b.grn is actively seeking investment through a Swiss Company? and the license was extended a year. I would be keen to learn how close they are to the £25 million figure that was mentioned. RP in a previous RNS claimed written interest - any progress? Keep us updated. The £1million commissions stated got more people involved. Keep them involved with any progress.
As a shell of a business this is undervalued but I would still like to see more engagement with investors. I understand this can't be done through RNS every week. but there are other channels to keep us updated. If you read back through the RNS's over the last 24 months there have been updates on partnerships and licenses but not always a follow up. We understand that not everything comes off but investors want clarity.
There are many here who are way offside. Lets hope today's good news is the start of better times for wounded investors.
SAP Certification for M2Gs would be fantastic. A test site for City Oil or even better full funding and the green light to go.
That aside, we are over 50% down in 12 months and at the level of the raise. There are investors in at 30p/25p/20p. Lots of work to do.
A productive lunch probably on expenses?. I am perplexed that it is 3 months since they issued more shares and diluted us and there has not been one piece of news. Who the hell is running Sabien on a day to day basis? Unless they are going to blow us away with some massive news next week I am starting to believe they are just laughing in investors faces.
There is no denying that if b.grn secures funding for a City Oil plant, it will be a different story. However, the total lack of communication since the AGM and now from the board is disgusting and needs addressing. Not the way to treat shareholders who are bankrolling their wages.
Following the Sabien's Environmental Trade Summit on 24 October 2022, b.grn has received multiple international written expressions of interest to be part of the worldwide 'franchise' rollout of the RGO technology. If successful, the rollout will generate an additional significant commission revenue stream for Sabien. b.grn's funding round is ongoing, and we look forward to providing further updates on key milestones.
Alongside the RGO opportunity, Sabien's existing M2G business is building momentum as set out in today's investor update. The next generation M2G Evo solution is close to completion, new avenues of boiler analytics are open to Sabien, the residential market is being explored and recurring revenue is growing.
The Board considers that Sabien has a well-balanced portfolio of the new, high potential technology RGO technology combined with the proven M2G technology which is expanding into new markets and capitalising on the current high energy prices.
The Board looks forward to a year of significant strategic development with the RGO project and growth of the M2G business."
What day will Richard Parris start work this year? His Twitter page has a lovely picture of snow-covered mountains, so a skiing holiday is a priority. Oh well, we paid for it. Have a great time RP.
Can we have an update? I am waiting for that first £1 million commission to be added to the book.
How much funding has to date B.grn raised?
How are sales of boiler tech going? (I would love to know the sales model and who manages the sales team).
Any news with EDF?
Any progress on getting a license for the boiler tech for hospitality/care homes?
Come on, RP - you are a listed company with investors who are well offside. Start giving something back before you swan off on a self-indulgent holiday. If you do not communicate with investors, put somebody else in who will. You are taking the p****.
Hello RP. The New Year started a couple of weeks ago.
Plenty of chat when you need a cash injection. Very quiet once you get it.
Step up to the plate and keep your investors updated. The investors who have worked harder than you appear to be doing to finance your company.
How much has b.grn raised for the City Oil plant?
How are the M2G sales going?
Any progress with EDF
Start communicating with the market
Wed, 2nd Nov 2022 07:00
RNS Number : 9829E
Sabien Technology Group PLC
02 November 2022
2 November 2022
Sabien Technology Group plc
("Sabien", the "Company" or the "Group")
Contract Update - Supply Contracts Signed for First Regenerative Green Oil system in the UK
Sabien Technology Group plc (AIM:SNT), the company focused on a green aggregation strategy, provides an update on contract status with City Oil Field, Inc., of South Korea ("COF"), a previously announced partner of Sabien that specialises in solutions for recycling waste plastic into fuel products and naphtha, and b.grn Group Ltd ("b.grn"), a previously announced special purpose vehicle ("SPV") 33% owned by Sabien.
On 26 October 2022, b.grn and COF signed a binding contract for the supply of the first 24T COF Regenerated Green Oil ("RGO") system into the UK (the "Agreement"), with Sabien as the sales agent under the Agreement (as set out in the Company's announcement of 22 December 2021). Under the Agreement, b.grn is responsible for securing, funding and developing a suitable site and for procuring all necessary equipment from COF, and COF are bound to supply the contracted system at the price set out in the Agreement under engineering, procurement, and construction ("EPC") contract terms. b.grn has today paid a fee to COF to formalise this contract. The Agreement is conditional on b.grn raising the required funding and entering into an EPC agreement within one year (unless mutually agreed to extend).
In addition, Sabien notes that b.grn has (1) announced and commenced a fund-raising round to capitalise the SPV, (2) issued a formal expression of interest in a site in the UK Midlands, (3) commissioned an architect to design necessary buildings on the target site and (4) entered into MOU discussions to install RGO facilities in multiple countries in addition to the UK. Sabien has no liability under the Agreement, nor has any requirement to provide funding to b.grn. There is no certainty that b.grn will be able to raise the required funds.
The Board of Sabien believes it is probable that the Agreement will be completed, however there can be no guarantee. Subject to b.grn being able to secure sufficient finance and agree an EPC contract with COF, Sabien will earn a commission of circa US$1,000,000 on successful delivery and installation of this first installation and each subsequent installation under its sales agency agreement with COF. It is expected this will occur within the next 18 months. As a shareholder in b.grn, Sabien will also profit share in b.grn earnings from future operations.
Richard Parris, Chairman of Sabien, commented:
"The signing of the Agreement followed a successful visit by executives from COF and the Korean Environmental Corporation to the UK on 24-26 October. After meetings in the Palace of Westminster, a dedicated Trade Summit, visits with Cambridge and Birmingham Universities, engagement
I remain confident that the first of hopefully many City Oil plants will be announced soon. What I would like to see is more regular updates on the progress of the company, especially after tapping the market. Yes, the presentation last month helped but the lack of news is rather annoying.