George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Bert:
The plots that constitute the Plastic Park concept; i.e. plots 9B, 10A, 10B, 11,12,13 haven't seen any specific development, only access road and infrastructure services work.
The only plot with significant ongoing work is Plot 8, Covanta's Energy Recovery Facility.
SP looking a bit dismal at the moment and there's not much more progress around Plot 10b, except that the ducting trenches have been reinstated and inspection chambers installed.
Now appears to be a waiting game on financial closure news.
Cheers BT. Presently on the good ship Ambience, heading towards Portugal - the WiFi is costing me a fortune, need some more PHE profits.
Wolves:
The portacabins and support structure are all intact, and having spoken to the guys doing the access road and the ducting, they only seem to know the part of the job they are dealing with, not the overall plan.
It's probably the sub-sub-sub contract set up or I've not found the key man yet.
Short video update of the infra structure work around Plot 10B.
CastlePaul: Hope it's not too exciting for you, don't want to trip you over the edge !!!!!
https://www.youtube.com/watch?v=bN3IOblWrJo
Regarding the 1m seller - its not just the regular 1m sells that are plaguing the sp, its also the the 300K, 500K, 600K sells, which I suspect happen when the MMs won't take the full 1m at the given bid, or it just could be multiple block sellers - we can only speculate.
If there was one (or few) sellers TR1's would need to be issued as each 1% threshold was crossed, which would be about every 30m shares sold (if it was one seller), down to a 3% holding, I think.
Natural question regarding is it HW, but the above criteria needs to be considered and the 1m seller was in operation all the way down to 0.85p which pre-ceded the recent interviews, which suggests that the seller didn't know the interviews were in the pipeline. All IMO.
Just a quick update on Plot 10B on Protos site.
Trenches are being dug adjacent to Plot 10B leading from the traffic island on Grinsome Road, on the west side of the plot.
The same groups of three ducting are being laid for services with a branch leading off onto Plot 10B.
Weather here is miserable but will try and get a video done on Saturday as off on hols for a month from next week.
Updated video from Protos.
https://www.youtube.com/watch?v=ac1SiRluEqc
Been mulling over the content of yesterdays RNS and listening to the interviews of HW and KR and have come to the conclusion that PHE senior management are in complete disarray, IMO.
To lose a recently appointed CEO (6 months) after an extended recruitment period suggests that there is considerable internal conflict within the company with regard to the strategic way forward, especially after the departure of DR and TY in relative quick succession. We could speculate what/who/why there is a lack of stability e.g. personalities, method of funding going forward, some individuals pulling too many strings etc. but there will be another period without a permanent CEO.
The two interviews, considering that they were a follow up to a significant RNS were, IMO, completely vacuous with no information on the detail going forward re: Protos, Ireland, GTIC, funding of such, etc.
For a senior member of a company to use phrases as "fill me boots" for me, completely beggars belief and just makes me run for the hills regarding any type of significant investment. Those interviews, albeit undertaken with very poor questions, were a complete lost opportunity with regard to giving clarity on the future plans of PHE, not even a mention of an AGM.
PHE are now attempting to move ahead on three main fronts - Protos, Ireland, GTIC project, just where is the money coming from ? ....................Oh, let me think !!!!
Too much smoke and mirrors here for my liking, which I thought PDD, with his 29/6 update, was in the process of sorting out but something / someone scuppered his chances. Very little confidence in how PHE is being managed now and it will need a mind boggling level of clarification for my confidence to return for a long term investment. Ill keep taking the 20% trading opportunities as and when.
Is that Krynap that was invested in the shambles that was ATC ?
I use H&L who have been very reliable but their dealing charges are a bit steep if you don't trade frequently each month.
Have you registered with Leonard Curtis Recovery Ltd. regarding your SVS issue ?
If you are intending to invest in PXEN it does feel that they are on a good trajectory with Selva, El Romeral and Tessorillo.
Good Luck
Just a quick update video of the recent progress on the Protos Site, regarding the cabling/ servicing connections from Plots 10B,12,13 to the sub-stations.
https://www.youtube.com/watch?v=7GYHg7KHed4
Indi:
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02547601-6A1102174?access_token=83ff96335c2d45a094df02a206a39ff4
I make it a 32% uplift in revenue from the previous qtr. but who's counting?
mjallen:
When anything of significance occurs on or around Plot 10B I'll certainly update the videos. I'm going on a fortnights jollie from the week-end and I'm hoping nothing occurs during that period or I'll feel like the photographer in the old Kit-Kat advert waiting for the pandas to appear in the zoo, when he decides to "take a break" and they come out dancing behind his back.
The Sisk cabins have been there for about 12-18 months as they have been doing the roadway infrastructure for Phase 2 around Plot 8 and our access road, which I think was mentioned in the minutes from the Community meeting held in April.
I know you are thinking that the bridleway closure is for Plot 13 work but I'm strongly of the mind that it is related to the sub-station connection for Plot 10B (again as mentioned in the April community meeting). Anyway we shall see.
PHE, to me, does have the feel of emerging from the recent dark period since DR tendered his resignation and dealing with the TY issues, appointing a new CEO etc. Kind of coming out of the dark tunnel staggering, blinking, shielding the eyes, into the daylight.
The Dunbartonshire site has planning approval, the Protos Plastic Park is up before the Planning Committee in a few days, the company has announced plans for a GTIC, and we have the partnership work with HUI, in Europe.
I'm hoping/suspecting the OK for Protos will be the trigger to formalise the financial closure for the Plastic Park including how Plot 10B will be financed.
We do need clarity on how all these strands are going to be pulled together to give us transparency on the strategy going forward and I'm hoping PDD will seize the opportunity of the AGM to do just that.
Shareholders do need to know what are the specific financial agreements and commitments for PHE going forward and how far the £11m cash (as last reported) will contribute to PHE's undertakings.
We do need to see some clear and positive strategic communication within the next few weeks closely followed by some substantial construction work as I'm getting pretty peed off looking at an overgrown plot on my jaunts around Protos.