Member Info for LedZep

Patxaran:

Had to laugh at your 9.19 post.Hope you don't work for the NHS.

Nigel:

The trades may be in red, but 4 of the trades were buys with the last one being a sell. Presently 6.139 to buy and 6.05 to sell. Try doing some dummy trades to check out the real buy/sell prices.

Just listened to KR's interview and to say the least I am absolutely dumbfounded, what a House of Cards PHE has been and will probably continue to be , IMO.

To suggest that there wasn't really a demonstration unit to display PHE's wares to make the licensing model work is staggering, I'm questioning what I saw at Thornton 4 years ago and what DR and KR were explaining to me. It must have been an oversized gas cooker with a flame at the end of a pipe. Has this been an issue of scalability and the inability to prove that there would be no real technical issues in upping to a commercial size?

To also suggest that PHE have only really started from April this year and the approach of let's forget about the past, is showing disrespect to the shareholders who have supported the company over the past years, through the various CEOs, with their misleading plans and promises.

Also, now to suggest that getting the right type and quantity of feedstock is not as easy as first thought, what the eff has this company been doing for the past 4 years or more..............completely staggering.

So its now, back to where PHE was years ago when the DMG unit was moved from Australia to Thornton, to test feedstock and undertake R&D, and round they go again.

That £6m, or whatever they have in the bank won't last that long, with little to show, IMO.

Piltick:

Its been over three years since the planning application was made for Plot 10B at Protos and that to my mind is a massive amount of time to line up the feedstock supply for the DMG, either on a short term, prove the FOAK works at commercial scale, or for longer term contracts.

Previously a two stage approach was being promoted i.e. build the FOAK to create syngas and generate electricity, (to feed into the Protos grid) which would prove the commerciality of the technology and then bolt on the refinement to hydrogen process, as and when funding and support allows.

This appears to have been dumped and a complete process FOAK, and all that entails is now being touted.

IMO, this is part of the reason for the lack of confidence in anything being achieved by PHE if the goalposts are being moved around and is being used as justification for the lack of tangible progress on the ground or in terms of process contracts.

Hi Bert

Still here in body and mind but not in terms of an investment or even as a trading opportunity. That boat sailed a while back.

It's been a few weeks since I've been to Plot 10, but it was as Plantdad says, just becoming overgrown and derelict.

The whole fiasco regarding CEOs and the White position have, to my mind, undermined all confidence here and a lot clearer direction of travel needs to be communicated before that general confidence starts to return.

The continuous 1m, and don't forget the continuous 300k sells do smell of a pre placing off loading to me, allowing the seller to fund the placing and receives discounted shares, just a massive averaging down situation.

Caveat emptor IMO

Plantdad:
Do you live local to Protos or were you just passing?
If you are going to site again, drop a note on here and I'll meet you down there.

Just a quick update on Plot 10b.
Not much change, the trenches for the services conduits have been reinstated.
All quiet on Plot 10b itself

IMO institutional placees have a different mind set to standard investors, in that they need to keep their cash working and will cash out for an overall 5 or 10% even if it means selling a proportion at a loss, rather than wait for shareholder value to materialise. They can be earning multiple 5% by churning their cash whilst we wait for the market to realise the potential here.

Greetings all.
Have been watching Mosmans progress over the years, having been first invested in 2014 with Petroleum Creek and through the failed STEP acquisition and then Pine Mills etc.
I am financially slightly ahead with my Mosman dabblings, but the recent result and further potential at Cinnabar does have the feel of a corner being turned. Never good to count one's chickens too early but if flow rates stabilise anything like initial flows then the potential for the sp could be considerable, considering the acreage (348) at Cinnabar.
With the sp bouncing along the all time bottom (thanks to certain parties who appear to be trigger happy in offloading their shareholding) it won't be long before the placing overhang is despatched and potential investors in Mosman see the light IMO.
There are speed bumps to watch out for on the journey, I suspect, funds for further drills, warrants being exercised etc. but as production increases the risk of the former decreases, which should put upward pressure on the sp.
Puts me in mind of PXEN which lay dormant under the radar, with their Spanish assets, until recently, which gave them a 5x return.
It'll be interesting to see how things pan out.

MJA:
The plot was cleared of trees and bushes about 2 years ago. Whether this constitutes project start, I don't know.
Regarding timing of project build,I gleaned from the KR interview 3 months for contract refinement and a further few months for financial closure, so a possible build start in the summer, maybe.

Just watched the interview, and I understand it was done with all good intent, but I feel it didn't do PHE any favours. It appears that PHE has lost all sense of direction and has several disconnected fingers in several pies hoping that something materialises out of something.
No permanent CEO in place after losing the last one after a short tenure, to provide the direction that the company needs.
The company suffered massive dilution of shares with the buy-out of W2T to obtain the exclusivity, directly with Peel, to be a mainstay within their Plastic Park philosophy for the UK, with KR now saying it's an option for Peel, and PHE may stick with it or may plough their own furrow with other partners and forgo the exclusivity. Are Peel on board with the idea of the DMG process or not ???
Another 3 months for contractor fine tuning and "value engineering" (used to be called screwing the supplier costs down) and a "few more months" to secure financial closure for the SPV. So, not much happening at Protos on Plot 10B until the second half of 2023 then, as a best guess.
The royalty financial model of £500K per unit per annum is now being replaced by something that is yet to be negotiated and agreed, which maybe just for Protos as it is still murky around the partnership that PHE has with Peel IMO.
PHE are going to build a testing and research centre somewhere next year and will cost how much to be funded and how?
Manchester University are on board with their Fluid Dynamics software to help identify any issues with the kiln design when upscaling to commercial quantities. Shouldn't any upscaling technical issues have already been identified nearly 3 years after Protos planning application was approved? What would have happened if Peel had the finances ready to go in 2020 ? Would it have been "oh, hang on we need to check whether we can build a bigger kiln"
KR comes across as an engineer who could talk theory all day, IMO, and is trying his best to bandage up PHE until someone is found who can make sense of where PHE is at the moment and get some strategic direction in place with the right partners to support the company.

No problem Bert.
When you describe the dependencies of the Plastic Park in those terms, it does seem pretty daunting, before we will see a fully functioning DMG in place.
However, I don't fully subscribe to the idea that all elements of the Plastic Park need to be in place before we see a DMG in operation on Plot 10b. Ultimately, yes, as this is the overall objective, but I would have thought an interim feedstock supply could be sourced with electricity generation from the syngas feeding into the grid via the new sub-station. We may be surprised by the rate of progress on Plot 10b, when we have financial closure. All IMO.

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.

Wolves:
Lucky enough to be on hols until late November, so unable to attend, but will be keeping clued in.
Castle:
£15 per day on this one, so being prudent on which days I use it.

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.

Think of the positives...........................
At least there hasn't been any 1m share sells this morning............yet