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Billingham will take possibly a couple of years to come to fruition, they are only at the stage of trying to get funding before proceeding to detailed engineering, planning and construction. However project finance should be available given the environmental focus at the moment which should result in a significant re rate. Faster contracts/income are probably future Phoenix deals. The SP doesn’t recognise the good progress that has been made. With no Tr1 or RNS it’s difficult to know who has sold.
Aimorifice your credibility has been shot shot for a couple of years now you have been banging on about how this share was on the way to the moon as the share price spiked and dropped. As MOUs came and went anyone remember Vietnam ? Then we had the proposed major investment by the Spanish who pulled out after due diligence then the disastrous/desperate involvement with Bercheva that destroyed the share price and yes apart from Ian we have the same BOD and non execs now. If the technology is so good why is noone using it?
In my view the problem is that the major shareholder EBIOSS has no money and is struggling to stave of administration so can not support EQT through its growing pains so EQT has to resort to desperately issuing shares. If only EBIOSS would sellout and be replaced by a serious player/investor then we could see some serious returns. Until then I fear the cycle of press release, share issue and ramping will continue.
I for one am all in favour of Aimoracle posts, nothing wrong with an optimist they are always good for a laugh . EQT are just a pawn in between the bigger operators and EPC contractors who have collaborations with a very many companies like EQT on their approved lists. They desperately need a signed contract not an unfinanced MOU. If you are a LTH then hang on as revenue will surely come. I wonder how long it will be before they need a further funding round. I still keep a small interest here but there are better opportunities elsewhere IMO
This should be nearer 50p , topped up again
I assume another EQT will have to through another funding round to support a project of this size (assuming the project itself and secure funding. This hopefully will be on better terms but still no doubt result in more shares or warrants being issued. Many have been bitten so quite rightly are still being cautious
Topped up some more this afternoon, shouldn’t be under 40p
You are suggesting that someon this board have investing all their wealth on this aim share, really ???? But after listening to you they will suddenly become more reasoned investors , really?? Haveinvested a couple of thousand here recently as I think it’s a good short to medium term punt. I didn’t pay any attention to any of the positive or negative views here. DYOR
I first bought EQT at 5.5p lost a bundle, bought and sold as a day trader to get my money back at various levels over the months through numerous refinancing and share issues and broken board promises. Last sold at .85p and am now roughly even. Still follow as I believe in the concept. Will buy if it goes down to .75 but more probably will wait until the first real contract is signed and delivered probably at the 1.5p mark.
http://www.alignresearch.co.uk/cpt-company/eqtec/
They are biased of course as they took shares in exchange for their research but a good summary.
I’m out have cut my losses over the last couple of years thishasbeen an expensive share. I don’t see the update as promising for the following reason.
1. No new MOU
2. Still no signed contract
3. Existing contract delayed
4. Remaining MOU deferred or cancelled due to customer changing spec
5. USK back to the drawing board
6 Amigos are back
May buy back in once the company can get established butin the meantime there are better investments.
A fantastic quarter from RPT Record production at 4,306boepd and cash soaring from $53.3m to $62.5m! . Time for the shares to fly
What’s needed is confirmation of the first contract order being accepted by the client, hasthe design been completed? Has the plant been delivered?. Usk has been on the cards for so long I can’t believe that will be delivered. Take that away and nothing else has been firmed up. Contracts take many months to get to MOU stage and even longer to execute I’d permits and finance is required.
There are now links with established contractors who bid , build and operate these plants. They have evaluated and are happy with eqt technology. But let’s get real these projects take years to plans, fund and build and EQT has only been credible as a properly funded company for a matter of months. This is a good share for the medium term IMO.
I would hope fair value is in the 55-60p range , so will continue to hold
Happy to hold, with all these Technology links with the major EPC contractors in this industry I am confident further MOUs and contracts will be forthcoming. This is a growth industry with sizeable value contracts. These take many months and sometimes years to negotiate fund and commission. So a medium to long term hold.