Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Just got home from a most enjoyable bike ride in the Cheshire countryside and realised I could hear the distant dulcet sound of concrete piling, and dashed straight down to Protos.
Yep, its concrete piling, alright but on Covanta's plot, Plot 8.
Sorry guys - just though you would want to share in my disappointment.
Sometime soon hopefully.
Just for comparison:
Friday late pm. Actual bid 5.81 - Actual ask 5.995 -Actual mid 5.9025
Now Actual bid 5.78 - Actual ask 5.84 - Actual mid 5.81
Based on this the real drop % ((5.9025-5.81) *100) = 1.57%
Telephoneman:
Had to re-read your last post as I think it didn't come across quite as you meant.
My understanding is that the overall potential daily revenue from 2t of Hydrogen per day = £21560 but with the same inputs and 3t of Hydrogen per day the overall potential revenue would increase to £29060 i.e. 35% uplift, of which £22500 is from the Hydrogen constituent.
Would there not be a trade off if Hydrogen output was increased at the expense of the residual syngas, which would be reduced or affect the ability to produce the 48mwh of electricity, and therefore reduce that part of the income stream?
Quick update on Protos. Nothing significant to report, as yet re: Plot 10b, but quite a bit of activity in the compound to the east of the plot, with double layered portacabins being installed by crane - turning into quite a complex. In addition new signage on the surrounding roadway re: "No parking", "pedestrian crossing" (where the public footpath crosses the road).
There also appears to be some kind of drilling going on in plot 11, - no idea what that is about.
As I say, nothing major, but every little helps!
1LEO:
Can you explain what road you are referring to when you say "we know for certain that the road has been started", because I can assure you that no work has been started on the Marsh Lane bridleway that approaches Plot 10b, because I have just been down it on me bike and it is just as rough as it ever was.
If someone is providing you with info from site you do need to clarify what exactly is being referred to, as we wouldn't want to mislead anyone reading this BB.
There is an old road that runs adjacent to Plot 8 (Covanta) where there is a lot of groundwork being undertaken, hard standing etc. but this is inside the security perimeter so not able to get a close look, to confirm whether any road work has been undertaken there.
Hi Wolves:
Yep, been buying back in on the recent dips but only to a level of about 40% of where I was before, owing to concerns about the financial model going forward. These concerns have been addressed a little with the TY/DR webinar thing, but I still have the "fox in charge of the hen coop" niggle.
Once we see the new CEO, Peel financial closure on Protos and commitment to serious construction on Plot 10b, then I'll be resting more assured.
As an aside - I get the White family holding of the "locked in shares" from the W2T takeover to 81% based on the new numbers.
Cheers Dr. A
A lot to think about in that presentation, particularly the intended overlap of projects @ Glasgow and in Poland. Lets hope we're not over promising. Looks like a Tr1 in the morning with possibly a > 5% holding if its the F.I. that participated in the last 2 placings.
A little bit of buzz has been provided in what was becoming a bit of a lull in proceedings.
Occy: Aha, so you have heard the reports in our area of a wild beast on the prowl on the marshes - our neighbour reckons one of her relatives has seen it !!!
Could have been a sighting of myself, in the evening twilight, crawling through the undergrowth, camera at the ready.....
On a more serious note:
Was considering the relative status of each company who is involved with Protos, with regard to the their planning permissions ;
Covanta Plot 8 - planning granted
Progressive Energy Plot 4 - planning appears on hold or awaiting more info, owing to concerns re: insufficient supply of feedstock causing excessive downtime of plant.
PHE Plot 10b - planning granted
Enviroo Plot 13 - planning awaiting decision
Now, I understand that we are awaiting financial closure before the major construction work can begin on Plot 10b, but I would assume that Peel are responsible for financing and providing the infra-structure ( roads, services, drainage etc.) to each plot.
This led me to think that, as it appears from the plans (Enviroo and PHE), that we will be sharing a common access road, along the old Marsh Lane bridleway, that we may be waiting for Enviroo to be granted planning consent before work can start on the common access road i.e. it is best use of resources to do it all in one go seeing as we are waiting financial closure anyway for the main construction work.
Enviroo's planning was submitted in September, I think, but is yet to hit the planning committee.
Just a musing as I was walking back from the marshes, someone with road construction experience may have a better understanding of the practicalities involved.
Just uploaded a short video re: the activity on Protos - nothing much for us on Plot 10b, but Plot 8 (Covanta) is seeing a lot of activity with some work on Plot 4 (Progressive Energy). No concrete piling going on, despite a previous post to the contrary and anyway I would have heard it from where I am now sat - I have heard plenty of it before.
https://www.youtube.com/channel/UCr6GsZVx-rLh_MwORpVi1Tg
Our turn will come.
It could be that we had a bit of a "false dawn" when Plot 10b was cleared and levelled over the new year, and that triggered the expectation of immediate follow on works with the plant itself. In reality, it could be that the initial groundworks were mitigation against running into another, bird nesting season with trees, shrubs, bushes etc. still intact, which could of caused extended delays.
Similar situation may apply to Plot 13 (Enviroo) where the site is cleared and has had spoil imported, so that no bird nesting sanctions can delay progress. I'm assuming that this work has been carried out under outline planning consent conditions because Enviroo have not yet received detailed planning consent.
As Markrops has already alluded to, the work on our li'l ol' Plot 10b is nestling somewhere in a Project Managers work programme, surrounded by planned work for the overall Protos site, particularly with Peel being our developer, we must have some patience to wait for the construction and financing stars to align before we see some real progress on Plot 10b.
IB:
My thinking is that Lombard Odier are not listed on Savs shareholder analysis of 15th Jan 2021, (over 3%), when LO had 5.12% shareholding, unless exempt from listing under DTR 5.1.5. If this is the case then they only need to notify at the 10% and 5% levels, and they notified the drop to 4.95% on the 19th Jan. If so, there would be no need for a notification RNS if they sold down to 0%.
I could be wide of the mark but the consistent 250,000 share sells appear to be drying up.
Just a quick update on the works that are happening on the Protos Site.
Major activity centred around Plot 8 (Covanta) with consistent stream of trucks importing aggregate to the plot, which is being spread and consolidated.
New activity on the fringe of Plot 4 (Progressive Energy) with fences being erected and aggregate laid for what appears to be a storage compound.
Nothing of significance yet around Plot 10b (PHE) except for some security based activity on the compound to the east of the plot, lighting etc.
Sisk (building contractors) now have a dedicated compound, with portacabins installed on the south side of Grinsome traffic island, all suitably signposted from the main road.
No further activity on Plot 13 (Enviroo)
The access road to Plot 10b and Plot 13(Old Marsh Lane bridleway) is still the churned up bridleway that it was before, so any reports of this access road being" well underway" are mis-informed.
The general level of activity around Protos has increased significantly over recent weeks so shouldn't be long before attention turns to Plot 10b.
Previously, there has been a couple of posts re: deployment of DMG units in Romania or Bulgaria and also on a ship, Ocean Retriever, to clear up ocean plastic.
The company behind the above is Tresoil and RP is the CEO.
I've previously queried PHE's links with Tresoil with DR, and the response was along the lines of "nothing based in reality",
but RP does make some strident claims on his linkedin page.
https://ro.linkedin.com/in/roger-preston-73972711
Hi Tog:
I think that view of the proposed plant was a provisional artists impression (even though it is on PHEs website at the moment), as there is no direct access to the road on the west boundary shown in the site plan that accompanied the planning proposal.
https://pa.cheshirewestandchester.gov.uk/online-applications/files/D03995A65300D6D732CE7C9332568754/pdf/19_03489_FUL-PROPOSED_FLOOR_PLAN-3631366.pdf
As you can see from the above plan, the main access is shown to be from the east boundary along the old Marsh Lane at the rear of Plot 10b, with only emergency access to the west boundary.
If you take a look at the expanded picture of "your" artists impression here:
https://www.powerhouseenergy.net/news-media/page/3/
The vehicles that can be seen in the top left of the picture are where there are now portacabins/containers etc. on the other side of the old Marsh Lane and what I refer to as the east compound.
The green area at the top of the picture, within the footpath boundary, is plot 13 where the present activity is taking place using Marsh Lane as the temporary access road.
Hope all that made some kind of sense.
Hi Tog:
No problem doing the updates re: Protos
Its intended by the company to install a time-lapse camera on the site, to monitor progress when the real construction commences, I believe.
Recent activity at Protos has been mainly on installing aggregate hardstanding on Plot 4 (Covanta) and levelling and soil importing to Plot 13 (Enviroo), with ongoing work at the new sub-station, on Grinsome Road.
There has been recent work on the compound to the east of Plot 10b, which appeared to be hardstanding and security fence work.
The old Marsh Lane bridleway (on the east boundary of Plot 10b) which I believe will become the common access road to Plots 10b and 13 (Enviroo) is presently being used for the above said, truck access to Plot 13. I would imagine this would need to be completed before work on a formal access road can commence.
Well that was a bit of a wobbly morning - but every cloud etc. if you have kept a little powder dry.
Just wondering what caused the shakes, seemed a little severe if its Mr Greenstreets 1.6m share options dropping into the market or are we to get a RNS re: TPs fee based warrants, around 9m shares, in the very near future ?
On another subject, the videos I have posted on youtube are attracting quite a bit of interest from our German friends, where the interest in PHE is apparently gathering momentum.
Just on the subject of licence fee, I can recall from an exchange I had with DR, quite a while ago, that there is a form of inflation proofing for the licence fee to protect it from inflation over time. To what degree, over what time period and whether just with existing or future partners, I'm not sure.