RE: DMG3 Oct 2019 18:43
Newboy, I certainly wouldn't describe PHE's present situation as "precarious" i.e. as in " uncertain, and likely to fall or collapse", but I do understand the concern around bridging the financial gap between now and DMG commercial income flow, but for me there is enough in the half-yearly report to appease my concerns.
IMO, this year has been quite a turning point for PHE, after DR took over the reins and is moving into an exciting period for the company, with the reality of the first commercial DMG coming closer to reality.
Major hurdles obviously are Planning approval and financing of the project, but with Peel driving the project forward (as they do tend to get what they require around here), I really don't see any fundamental issue with either.
Costs have been driven down, consultancy and testing work is gathering pace with "short term plan for operations to become cash positive".
Also, Peel are now collaborating to develop ten further sites and we are developing relationships with other organisations across the UK, with international interest continuing to grow.
For me, DR is putting the pieces of the jig-saw together (just wish he would hand over the PR role though), and these are far from precarious times, IMO, - rather interesting and exciting times for a small company with a potential solution to a massive problem.
I may be biased because it's being developed on my back door step !!