Member Info for LedZep

Malachi - no problemo

Just had a wander down to the site and site levelling has commenced with what looks like two Hitachi ZX 350 excavators and a Caterpillar Bulldozer hard at work, ( on hire from Clive Hurt), with a good proportion of the site already levelled.
Good to see work progressing on site before the end of the year.

Following Futurepro's post this morning, and seeing as its been a couple of weeks since I've been down to Plot10b, I've just had a tootle down to the site.
Ground clearance has begun with the more substantial trees being felled and stacked to one side.
Looks like we're on our way.

Somewhat surprised, to say the least, regarding todays RNS re: DR.
Acknowledging that he didn't always seem to relish the PR role, he did, IMO, appear to be growing into the CEO position, with the deals and agreements made with Peel, and with the change in financial strategy, that he brought, that protected shareholders from the issue of share dilution for the capital requirements of plant construction.
He has worked through the Protos planning application, so we now have a planning template to work with for future applications and has overseen the mess of the over valued W2T buyout to give PHE a clear partnership structure for the future. The messy hard work has been completed and is now out of the way.
I would have expected that DR would be looking forward to the day when the Protos plant was commissioned and he could stand proud as the CEO in front of world changing technology at work on a commercial scale, so the timing of his release of the position of CEO, strikes me as odd.
Since the W2T buyout, the share structure bias to the White family and associates, has been a background concern for me, and coupled with todays news, I have significantly reduced my exposure here, until there is positive news that PHE are still on the same trajectory as before, with regard to upcoming planning applications, capital funding strategy and confirmation of start of construction at Protos.

Just wondering if Peel have been keeping their powder dry regarding their funding strategy for the upcoming DMG sites, until they have tested out the access to the £240m recently announced government funding for Hydrogen plant construction.
Could be a very interesting run up to xmas with possible news on a few fronts.

Not sure whether this link has been posted before, as it is from March last year, but could Italy be the next possible partnership with ENI?
https://www.aa.com.tr/en/energy/general/eni-corepla-to-produce-hydrogen-from-plastic-waste/23782

C'Mon guys, lets not give the air time to the naysayers with unsubstantiated negative views, by giving them free advertising with self named multiple posts.
Just playing into their hands, in my view - just the same with the one with the jaundiced viewpoint.
Make it known about their reputation, buts let not headline it.

The headline bid/ask spread (9%) does appear a little wide at the moment, but the actual bid ask is presently 2,84/2.94 (3.5%).
A large spread, from my experience, usually suggests the MMs have quite a bit of stock on hand and are not openly encouraging sells. As stock runs a little thin then the bid increases with a resultant increase on the ask.
Useful to do dummy trades to gauge the actual spread.

Excellent news this morning regarding our first international venture, with many more to come IMO. A somewhat muted response in the sp though, which is to be expected with the recent sizeable block sells, that we need to churn through.
Once thats sorted and the 10% traders have had their short term slice, then lets see where the sp moves to.

Disappointing to see the recent drop in sp to around the 2.5p mark, but on the whole not totally unexpected.
IMO, probably due to slippery hands parting with their placing shares to take a quick profit, whilst sticking hold of their long term investment pot for the bigger picture - makes sense really.
Few, if any significant sells since yesterday p.m. so should start to see a bounce in the sp, IMO in preparation for near term news flow.
Reading the BB over the past 24 hours does remind me of the quotes attributed to Mark Twain:

" Never argue with an idiot. They will drag you down to their level, and beat you with experience."

"Never argue with fool, onlookers may not be able to tell the difference."

Residents in the Protos area received a brochure outlining a proposed plastic recycling facility at Protos by Enviroo.
Looking at the schematic the facility will be next door to PHE on Plot 13. It will process 25K tonnes of plastic waste per year, using Erema and Sorema technologies.
The CEO of Enviroo is Ahmed Detta who is listed as CEO of Advanced sustainable Developments. ASD were named in the RNS of 9th May 2019, as the potential provider of feedstock to the DMG and PHE would provide electricity to ASD in return.
From memory, I think the ASD website promotes one if not both of these technologies.
The brochure has a question and comments section that can be returned to Enviroo, so it looks as though this is a pre-planning application consultation with the locals.
Another piece being inserted in the jig-saw that is beginning to form a very significant picture in the Protos Plastic Park.
https://www.lse.co.uk/rns/PHE/developer-w2t-sign-power-agreement-0u24jcgwbvdu9b4.html
https://plasticsinpackaging.com/enviroo-to-build-20m-recycling-plant/

Hi Wolves
I usually have a peek at the site about once per week and will post when anything interesting occurs.
To recap - since Planning permission was granted, about 30m of drainage ditch liners have been staked in. A vehicular gate has been installed on the rear access road (the old Marsh Lane), and a fenced hard standing area has been constructed adjacent to Plot 10b (presumable for parking/ material storage).
All this was done up to the Covid lockdown time, with no further work completed.
Work on the sub-station, about 200m from Plot10b, has been progressing nicely over the past few months, but no services or trenches have yet been installed for the connection to our plot.
Will update as things develop.

I was down on the site a couple of days ago and there has been no further progress on Plot 10B, since I last updated, certainly no camera in place.
The work on the sub-station is cracking on, with all kinds of electrical structures and two sizeable outbuildings being erected.
My understanding is that we need financial closure on Protos before any significant construction work on Plot10B begins.
Will keep an eye on it though.

Good to see a steady recovery in the sp from the recent 2.80 ish lows.
Now that we have the turmoil of the W2T takeover out of the way and the strengthening at director level, over the next few months we should see the company making some serious forward moves, in terms of more UK planning applications for DMG sites and international development.
A little disappointed that Protos construction start date could be in the new year but we have waited this long another couple months is not much to ask.
Once we have the FOAK up and running to practically demonstrate the commercial potential then the pipeline of DMG orders should fill up nicely.
Feeling a tad privileged that the planned FOAK is practically on the doorstep.

Excellent news this morning with funding for international development and further financial commitment from Peel.
Its apparent from the market reaction this a.m. that there is a significant loyal and committed shareholder base that are rooting for PHE's success and therefore the only negative for me was that there was no opportunity given to existing shareholders to participate in the 2.5p offer.
Anyway, the ducks are lining up nicely and confirmation of financial close on the Protos project should be next in line.
Regarding Protos:
Sub-station development cracking on apace with the second outbuilding approaching completion and with a myriad of steel structures being erected with all kinds of ceramic insulators (Not seen the big On/Off switch yet, though).
On the actual plot we have a new gate on the rear access road to the plot but no fencing yet, so you can actually walk around the gate.
Would assume that with financial close we will see initial groundworks commencing.
Will continue with routine walks and bike rides through Protos.

Piltick:
Thanks for that. I missed the important emphasis on the "any" on my read through.
cheers

I was under the impression from the original "Acquisition" RNS that 87.5 % of the acquisition shares were subject to a 12 month lock-in period and subsequent, orderly market disposal, condition. i.e 12.5% of the shares issued were not subject to these conditions.
The section in the circular "Lock-In Deed" refers to the stated conditions but not the originally stated proportion of shares.
Question is, has the stated 87.5% been rescinded or have we approx 180m shares that could be being disposed on the market.
Mentioning this, as there have been quite a few large "blocky" sells going through over the past couple of days, which may be driving the price drop.

Try again with link:
https://www.powerhouseenergy.net/research-analysis-following-acquisition-of-waste2tricity/

Interesting research paper now on the PHE website suggesting 6p/9p/15.3p forecast, dependent on developing the leads in UK/UK, Japan, Australia/ Uk, Japan, Australia and Europe.
Food for thought.
powerhouseenergy.net/research-analysis-following-acquisition-of-waste2tricity/

At last, the circular is going out to shareholders - well done to DR for sorting, what appears to be, poor quality admin of who owned what shares and when.
All too easy to view this merger/takeover as a typical AIM/stock market deal and try and value W2T and then justify the number of shares issued for the purchase, but it is anything but typical.
IMO, its a "door opening deal" or an enabling deal that, I think, Peel have insisted upon to clear up the structure of the existing tri-party set up, to clear the path going forward.
If/when the deal goes through it will confirm the grant funding and financing arrangements with Peel and then its full steam ahead at Protos and the other Peel partnership sites that are being lined up.
It could be viewed as an Indianna Jones type deal, where we need to open the trap door to release the spikey ball thing to get at the valuables that lie beyond - just a matter of dodging the spikey ball, ha ha !!
Having spoken at length with DR at the local community events here, last year I am sure if he could have done or effected a more shareholder friendly deal, he would have done. This is because he has changed from the KA strategy of ownership and revenue, which would have continually diluted the shareholders, and gone to a recurring annual fee and third party funding approach, which to my mind will significantly reduce future dilution.
We need to suffer the short term pain from the spikey ball, this initial 1.4bn shares, then IMO, we are heading out of the woods towards some significant company growth.
Bloody peeing down here today, so no chance of getting out to site today.