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Nothing has changed these contracts take time to finalise especially especially with the shortage of engineering staff that only recently has been identified and acted on. I agree with Applegarth I’m happy to hold here and glad that GGH has come up to mitigate some of my losses elsewhere
I’m out for now , will come back when the dust settles on oil price and region as it’s been a good ride
Well I’m holding on - albeit nursing quite a loss. After the last financing fiasco resulting in millions of extra shares being issued and The big investor pulling out of EBIOSS it was clear to me that the shares were going to be under the cosh until there was confirmed new contract revenue. The latest loan and the price of the warrants issued should give some comfort that the company has a sound future. Linking with a consultant to provide engineering expertise should give customers confidence EQT can execute contracts even if at the loss of some of the gross profit. 6 months to convert MOU to signed contract for a contracts like these that requires external funding is not unusual.
IMO the share will sit around this level unless 1. There is sound positive news at AGM, 2. A buyer comes in for EBIOSSshareholding 3, Additional MOUs arrive with firm contract dates. 4, Existing MOUs are converted into contracts.
News should then see the share rerated.
So Vietnam Q2 2019 at the earliest , USA likely to take a similar timescale you would think so it’s likely to be a slow burn before revenue is seen with hopefully further MOUs to come to reinforce the future. A good share to hold for the future. Big £15k deal going through before Close was it a buy or sell ?
Agree with the below. I took from the strategic review that they were going to move the focus from business development to engineering execution by investing in engineers and third party support so they were ready to execute when MOUs become contracts. This hopefully will convince clients of capability, bring revenue quicker even if it hits future profits. The loan consolidated the capability to deliver on this. Just waiting for clients to get their own financing in order in the scheme of things these are relatively small power projects which sometimes need grants etc to make them economic these things take months not weeks to come together from MOU to signature. Worth holding for the ride IMO.
Agree Dipstick at best we should see a contract signed late this year or early next. As per the previous RNS “ The increased facility will underpin our shift to a near-term focus from business development to pipeline execution to ensure delivery on customer requirements for immediate pipeline opportunities.” This is the positive as it means shifting away from MOUs and turning them into signed contracts. We will probably drift at this level until their is a signed contract and guaranteed ongoing revenue then we should move forward.
Still ends the day below 1p. Deserves to be higher but for its history of bad refinancing and share issues leading to burnt fingers. Many investors will need to see solid evidence of a signed contract. of revenue before it moves much higher. IMO it’s a solid investment for those that are prepared to hold
Well for all the ramping and the small director purchases the share price has drifted has still drifted down for the month of October and it looks with one day to go that it will still be down for the month. Most of us are hanging on for a contract to be signed and revenue created . Having bought and sold from highs of 6p to lows of .45 I’ve now averaged down to a level I’m happy to hold waiting for some firm news.
To answer your question markshares the company issued in round terms an additional 310 million shares and 150 million warrants at the end of August. No doubt this is factored into the current share price. IMO we should be back to 2-3p once we have the first signed of the promised contracts generating a revenue stream.
Just a £20k investment between 4 of the directors hardly a major investment or statement, but it does at least show intent which is good news. Bad news is that they can’t be about to sign a contract or they wouldn’t be able to buy. Hopefully this will help the share price get back to the 1.2-1.5p range before a contract is signed which is beginning to look like early 2019.