Member Info for MadasaHat

10k for the 39.15 can't see the other one yet.

Oh and 31.7 on HL to buy so will currently show as a sell...

dummy sell on HL for 20000 now 31.505

This is interesting but I admit to being a bit confused about this coming out now - we had the RNS confirming completion of Vametco Phase 2 on 28th June...

I am sure we would all like to be seeing more on the progress of the Phase 3 really rather than something we all thought was done.

Looking forward to further progress on all fronts in November/December.

Regards

MadasaHat

Hi Alfa Another 100k at around 11.15ish - 27.9 via HL when the declared bid offer spread was 27.50/28.50 so will show as a sell.

MadasaHat

Alfa I have a 100k buy @ 28.37 at 8.22 not showing yet.

I don't think this has been picked up yet but from the Telegraph online - I noticed the article below - it doesn't mention VRFB's but wider application of renewables (solar) in Africa but shows the big European players (EDF) scrabbling to get into the African market...this indicates off-grid opportunities but surely there would also be on grid opportunities (and hence grid scale batteries) which would present further opportunities for VRFBs and BMN in these countries?

The huge opportunities across Africa are being more widely recognised.

"EDF is joining Africa’s booming solar power market by snapping up a stake in home solar provider BBOXX as it moves into Togo in West Africa.

The French energy giant will partner with BBOXX to roll out off-grid home solar systems as part of the race to corner Africa’s fast-growing market for home power systems.

The pay-as-you-go solar kits include a solar panel, lighting strips and ultra-efficient appliances that are typically cheaper for families over the longer term than polluting kerosene lamps and wood fires.

EDF is racing to catch up with fellow French utility Engie, formerly known as GDF Suez, which earlier this year bought Fenix International. The lease-to-buy solar provider is based in Uganda where 85pc of homes do not have access to the electricity grid.

In total, around 600 million African homes still do not have access to reliable electricity.

The scale of potential solar power customers in the African market could prove hugely lucrative to energy companies even while operating on wafer-thin profit margins.

Valerie Levkov, EDF’s Africa and Middle East boss, said the partnership marked “a new stage of development” for EDF’s African ambitions, which have accelerated since its Ivory Coast subsidiary Zeci was set up less than two years ago.

He added that the deal supported EDF’s 2030 strategy to triple its activities outside Europe and grow its global customer base to more than 35 million.

EDF and BBOXX plan to corner a third of the Togo market of half a million homes. EDF is already present in neighbouring Ghana and the Ivory Coast.

For BBOXX the deal is its latest tie-up with a major utility after agreeing a deal with GE in the Democratic Republic of Congo."

Regards

MadasaHat

I would like to add to all the best wishes and thoughts for you RK and Claire and once again remembering only recently the news from Knuttie and Liz.

I like many have been impacted by the big C and the advances available now are incredible and the staff even more so.

Stay strong, keep the faith.

MadasHat

25619 @ 29.65 at 11.19

@Alfa

fyi real spread on HL currently is bid 26.715/Ask 27.13.

Cheers

MadasHat

GG

The FID timelines align with the AH interview still then! FID in November and FDP in December. Still on course.

Regards

MadasHat

@PV

I had actually discounted getting any update on Goddard in this quarter to be honest so find this news extremely positive and noteworthy! The BOD are definitely (slowly but surely) building a business of critical mass here. In fact they seem very mindful and have an obvious plan as to how this will come together. Personally I am particularly interested in what acquisitions they could be considering to provide early commercialisation of the Thames pipeline.

Now that really should make people sit up and take notice!

Regards

Mad

Hi GG

Agreed, bad news and this would be down to 27p even though there's nothing in the SP in the first place in my view. The absence of a rise on good news (as the market sees it as too far away) reinforces this (to me).

This is all part of the jigsaw coming together nicely.

All good.

Regards

MadasaHat

Morning GG

A rather muted response. I know it is only 2C and not 2P figures but even so...not a murmur it seems. Noone else seems awake on this BB either today...

Still, not complaining as I am still awaiting my funds transfer!

MadasaHat

Hi aligator

I think there is a serious "risk off" position being taken in the market generally with moves away from growth stocks and into safe haven treasuries so plays like IOG - despite our confidence - fall into that market nervousness and I am not surprised to see this. The extent of the fall however? Overdone. MMs taking advantage to flush out "weak" holders.

I will be topping up when my pension transfer funds arrive into my SIPP.

MadasaHat

Hi GG

I appreciate your own views that you share on this board too. I am happy to contribute although I don't have the industry knowledge you certainly.

Of course at this stage AH couldn't possibly admit to anything else and I agree a takeover is highly likely but I do love the story were we to go as a true independent (it's in the name of the company after all). if I were in the same position though I would give the same message so that it pushes the price up when the bid comes.

Talking of patience the irony is that if both my holdings in my SIPP hit just over £1 I will probably need to sell then otherwise when taken with the value of my final salary pensions accrued to date I will be over the lifetime allowance. My strategy for my ISA though is to hold to see this right through to the conclusion of the expected story. I am looking forward to it unfolding though.

As you say "win-win" in the end.

Regards

MadasHat

Evening to you GG

It's funny how 100 people can watch the see the same thing and see things differently.

For my part I definitely sensed an ever so slight hesitation and then he answered "mid 2020" in relation to first gas. I just found it odd. It is just given the previous experience of slippage in dates and that this had previously been only most recently cited in the RNS as Q2 2020 to not very clearly and firmly take the opportunity to restate Q2 2020 indicated a degree of uncertainty as it appeared to me to be a deliberate choice of words.

His track record is excellent of course but there was also just something in his body language and regularly looking down at what I could only presume to be notes that made me feel he was a little uncomfortable. It could be just that actually he could do with some media training?!

None of this changes my view in the quality of this company and the undoubted huge opportunity from here. It has and will continue to test our patience yet though.

As a final positive note I did really like the emphasis (and of course only I might have seen it!) that indicated to me at least that the aspiration is to stay independent for the forseeable future.

Regards

MadasaHat

Longside

Apart from when PIs sell they sell to the MMs and not to other PIs buying of course. It needs some analysis over the last couple of weeks but maybe the MMs (despite the "apparent" buying today) have accumulated a surplus of shares. How much they acquired them for will dictate the level they want to sell them back into the market at.

You bet that as they are short term greedy ba*****s if they bought them for 30p they will temporarily and quickly walk the share back up to 35/36 when it suits them so they can offload and then walk the share back down.

Unless we get one of the expected RNSs with a positive development that knocks that strategy out the water.

Reading between the lines again from the AH interview today I think FID will be in November and FDP in December so we won't be seeing those RNSs until then. In the meantime the MMs play their games...

Points I picked up:

1. Around 5:58 he is mentioning all the assets owned by IOG 100% and he includes Bacton in that list. Sounds like the deal is done. If so, this dserves an RNS;

2. Right at the end when talking about first gas AH references "the middle of 2020". That does sound very like we may need to adjust our expectations again as that could stray into early Q3? Obviously June would still be Q2 Purely speculation but I thought he sounded a little hesitant on that point. We'll see.

Really encouraging to hear:

- all the contractors are selected are are essentially past the previously notified letter of intent stage and have progressed to Heads of Terms. Whilst not the full contract nearly as good as - a degree of certainty well beyond LOI.

- the spread of funding options are pretty much as considered here over the past few months. Interesting the Nordic senior debt - is this where Burgrabben bring something to the party? Also interesting that I sense the fund raise will only be for phase 1 - AH mentioned early without admitting as much I feel. No huge equity dilution - you heard it here.

- acceleration of Harvey into Phase 2 or in between the current plan for phase 1 and 2.

- M&A - it sounds like the BOD are looking at acquiring a producing asset to allow throughput into the Thames pipeline early on to demonstrate revenue. If some of the fundraise goes towards this I think this will be really very well received as it demonstrates a clear commercial focus on investor returns.

Really really encouraging.

To coin an often used phrase here VERY Exciting Times Ahead.

Madasahat

Agreed and recommended. Thanks