Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
I can see where you are coming from comparing EQT £17M as a market leader alongside EDF £41.7M tells you all you need to know. EQT is just a minnow amongst many others offering a solution to the waste to energy problem. Even if it converts an existing MOU to a contract this will remain the case. However it s a huge market and there is room for a lot of minnows and after the funding farce of last year funds and trading relations are in place. Hopefully a contract will land and share price can move up to 2 or 3p
In September we were told On the signing of the MOU Two contracts collectively are expected to be valued in the region of EUR10 million. Phoenix is responsible for obtaining the permits, licences and authorisations ("PLA"), Power Purchase Agreements Phoenix or any third party associated to Phoenix to provide the necessary equity and debt financing for the project. Financial close is expected in late Q4 2018 and the purchase contracts executed shortly thereafter
Since then silence. The shares IMO will drift backdown to around 70p until the board gives us an update on progress. It’s all very well banging on about the size of the market , size of the established companies in it but when EQT seemingly can’t even deliver on one of the two MOUs signed then you can understand why the SP drifts despite all the enthusiasm. Come on Ian give us an update.!!
No Nomad, no new MOU,s , No MOU converted to a live contract. Considering the market generally and EQT’s past history I think the SP is holding up pretty well compared to the 3p it was at a year ago. If a contract gets signed this month as the CEOpreviously inferred 3p is on the cards again IMO if not 0.3 could be Seen again. AIM is a gamble so Is EQT. I’m happy to give them the benifet of the doubt until the end of Jan.
There are only two signed MOUs in play at the moment, they are reliant on the customer securing funding and selling the power on. In the US this probably requires a grant to compete with cheaper power sources. Hopefully the board will soon update us as to the likelihood of conversion (good I hope) and also whether they have been shortlisted for other projects.
Lots of volume today and only a small drop. Hopefully we should get a board update on one of the two MOUs if one drops out then we will be back down to 0.5 and if one converts to contract then I can see a jump to 2p . Once the contract starts and success can be demonstrated in the field then further contracts and SP increases will surely follow.
“which is why EQT is rightly tipped to be the next unicorn following the likes of ASOS. ‘. Top Aimer can you confirm where was this said ? If it was in the press I’m amazed the SP is still stuck at 1p. We need an MOU to be converted or evidence that EQT has been shortlisted for other contracts For the SP to motor.
Glad we are over 1p but it’s really now big deal. Anyone remember when this was 6p or before the latest two lots of shares /warrants 2p. Let’s hope that a signed contract can be announced soon so that the company can get some income and the share grow.
I agree the SP should be higher. The problem is that this company has history in the recent past they have destroyed shareholder value by sheer financial mismanagement and lack of contract conversions. We have a new CEO and a good connected non exec but all the others that caused the problems including the major shareholder are still in place. Until the company can demonstrate a signed contract rather than another MOU PIs will continue to be sceptical. Hopefully those of us that have been in for quite a while will be rewarded in the future.
Applegarth this article so full of promise is effectively a year old , when the share price was nearer 3p. Since then no contracts have been signed and the share price continues to drift. Hopefully as mentioned in the recent RNS the first contract will be signed early in the new year and the company can start delivering and the share price rose accordingly.
This is good news and should help positive sentiment return in the new year
I’m a fairly long term holder in EQT who having averaged down to around 1.2 is still under water but hanging in there as I think it will come good. There is a nervousness n the U.K. for power from waste look at the bankruptcy of Interserve over it. We need government support or as in the existing MOUs overseas opportunities in more enlightened environment.
Good news, should push the price up further this morning
A see of red this morning , Any reason ?
Share price moved up with some PIs thinking there was going to be contract news announced. No news so it’s drifted down again. Focus confirmed on converting existing MOUs rather than seeking new business which is good news . What we need is some information on the progress of the Clients in obtaining funding and permits and likelihood of MOUs converting to contracts. Then the shares will move up. One for the medium term not the day trader perhaps. I’m still a couple of grand down but happy to be patient.
Meanwhile largest shareholder Ebioss plumits to lowest price of the year, hopefully they will sell out which would also give a much needed boost to EQTs prospects.
The contracts in the US hopefully will be funded in December and likely signed January the Vietnam contract may not be signed until Q2 next year. Until the Clients get their funding the MOU is just that. Hopefully at the AGM there will be some comment as to how the funding of the two contracts is progressing. A positive comment that it is on track should 7nderpin the share price and move us up around 1p hopefully