Member Info for martinu

Eg for me territories and technologies

Aandi - yes it looks like both plants have increased capacity. €3m potentially to the annual revenue total, if manage to account this FY.

In terms of revenue, RNS says Eqtec will be invoicing for c. €3m this FY. Doesn't necessarily mean it can be booked this year but gives some visibility of earnings and momentum. But, agree with Criag, wont shift SP much, apart from usual MMs lifting a bit early on.

... very low volume today and 100% of trades were buys (allegedly)?

Also, Dr Taru Jain, who has been with Opti for about 1 year, has extensive experience from her previous post at Akums. I'm sure SOH would have drawn on this. Not pointless for me.

... has been established. Some of cash been used here. (RNS above.)

Aandi - perhaps not promised, but as your extract from Interims shows, a forecast of revenues which was said to be on track. Assuming...

As long as there is some decent revenue booked this year (showing solid progress), I am not too bothered. Eg €5-8m. But this looks unlikely and at some stage Eqtec (DP) will have to explain.

Perhaps Thomas Cromwell should stick to advising Henry VIII :)

Whilst I am hoping the £2m raised is for a product launch/big order, I found this comment from recent half year report:

"Despite these [admin] costs, of which £117,000 are not recurring, the operating loss for the first six months of the year was £596,784, a small decrease on the same period last year (2020: £599,194). This was compensated for by proceeds of £900,936 (H1 2020: £746,751) received from the disposal of shares in SkinBioTherapeutics plc ('SBTX') giving a net trading profit of £110,893."

Is this a concern?

So 3.6 m @ 55p = £2m. Likely a raise to fund an order (please!)?

Linking this thread back to the UK govt report into gasification. That report specifically excluded technologies which convert biomass/waste into electricity. So does that mean there is a question over tariffs and viability.

Dave - agree, Eqtec could be further advanced than most. Really hope we get a small, commercial plant up and running in H1 22.

Aandi - no mention of Eqtec. Dave was raising a question re readiness compared to contributors in report.

Thanks for posting. Report didn't seem (to me) to be tremendously hopeful!! Seems gasification does not have a great (past) track record. The companies in the report still seem a long way from commercialisation.

Eqtec will do well to focus on small plants, like Croatia, Italy, Greece. I am wary of the bigger projects where costs could spiral.

Excellent question

https://mobile.twitter.com/VanderGazoo

Not sure who Helen is, but she found Eqtec presentation at Wood event at COP26 "interesting"

Criag - yes. But DP has said he doesn't want to sell yet. But I suppose if a good enough offer came in, he would consider.

RoR - proper job as we say down yer! Thankd

I would agree that today's rise is not Eqtec specific.

... Yet ;)

The link below to the company website is not bad. Gives a timeline of progress for projects.

https://eqtec.com/gasification-projects/

Think that's about right. Almyros is in development, Larissa is in construction, the others are agreements to purchase. I have to keep checking as sometimes they refer to partner name, eg Agrigas.