The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
I've found whete this 18 months has come from- 1st june allenby initiation report page 12 where its 'anticipated rmde will have commissioned a plant within 18 months' as we all know this before they had a location and I presume spinks would be reluctant to give rowan any information at all.
It is very speculative on my part. , i cant believe it would take that long... 2 years!!, as it took 9 months the 1st time but they do need to build a rail track as well, then transported to Europe but it could be off the conveyor and stored thats when other parties may get interested in our coalswitch product
It took aeg 9months from finalising the Plant plans to producing the 1st coalswitch, im sure RMDE will be producing their 1st batch in
Early 2021, im guessing they got the parts on order by now, ive pencilled in feb/march based on my speculative thoughts, its not good to wait for another company to pull this share up though
Allenby. https://t.co/fd6XEyEh7f?amp=1
Interactive investor have judt recently gave me the power to vote and i have it wont be enough to make a difference even if more people do in the same way , but it can be a shake and a slap to buck up his ideas.
I always wondered what went wrong with Poland,for me it was our most exciting project and should of been top priority, if aeg had made a go of it the great publicity and the revenue generated people would be banging the door down wanting a licence.
The chipboard side of the company WAS profitable, it was the backbone of the company thats why i originally invested(i did my research becasuse of ukraine location) in this company (revenue /profit),' they couldn't keep up with demand for our quality product' the once chairman said . We all agreed it would be great if they ramped up production and they raised money for a piece of equipment twice!!(1st red flag we ignored )it never came. a 2week coup was used as an excuse to let it go to the dogs because they found this coalswitch and they thought everyone would be falling of themselves for it .Had they maintained this operation it would of funded alot of coalswitch requirements and we wouldn't be in this financial mess today.
Alot of shareholders seem to think we dont have a coalswitch plant we do it was built 2 years ago and it works and this same plant was moved to lumberton last year, it just need modifications to be continuous. On sp angel note a couple of months back they said' make the sure parts are on order ' they know aeg so well in that statement!
SPINKS RMDE interview https://t.co/r70BdeFdHX?amp=1
Unfortunately we have been here before and look how that's gone history repeating itself?, but the request is for the expansion not the initial plant and when that proves itself then expansion can be considered with results in hand, I think they just going to put a few cautionary hurdles before the scale up.