Member Info for Moab

Leo

Much as I would like to see PHE fly, it surely will only do so on the basis of some tangible progress - sadly missing for several years, and substituted by hot air from management and from Apologists on this board.

Moab

Divvy

This is just a re-run of the recent RNS. The only significant progress of any sort will be the completion of a functioning DMG, sadly not mentioned in the RNS. Phrases like 'Significant progress' from the Chairman are meaningless until a DMG appears.

Pick

It is next to impossible to get banned from LSE; is the board moderated at all?

Children!

KR is in a difficult place defending the indefensible, and it showed in the interview. When they got rid of the awful Yeo, I thought perhaps things might improve, but no. And Drennan Durose presumably cleared off once he had had a chance to understand exactly what had been happening. Improving revenue by buying a Welsh engineering outfit is not going to pay for a DMG of any size, regardless of the spin put on it. It is a distraction.

CliffP

Agreed

It just does what it says on the tin, isolates CTCS, and all the rest is downstream activity.

Patx

I found this interview quite extraordinary. WTF have PHE been doing in the last few years? It is just 2 years since design for a 2 tpd of hydrogen DMG was validated (see RNS 29 June 2021). What was the point of getting planning permission at Protos if this was never going to be built? What was the point of ordering long lead items which were never going to be used? As KR admitted, PHE had the wrong model. He said (almost verbatim) “You can’t licence something that does not exist, or if you can’t demonstrate the technology”. So where was the DMG that was to be built at Protos? KR was very keen to brush all this under the carpet; “these things lie in the past” as he put it. So, it is not clear what PHE have been doing over the last few years, but one thing is clear, it was not building a DMG. And now PHE is back to building a mini demonstrator in S Wales with which to demonstrate the technology. As other projects have shown, building mini demonstrators does not guarantee success at full scale.

KR also discussed the difficulty of the embryonic hydrogen market, as if this was a limiting step for PHE. Hydrogen is not only product from the DMG; what happened to electricity?, syngas?.

KR said in essence ‘Forget the past, we are now on a new track’ He had better be right.

There can be no more delays or excuses.

Moab

EmeraldC

I am sure that way back there was a report of cells captured by Parsortix being cultured. I have a concern that Parsortix might remain a research tool, rather than entering routine clinical practice - with obvious implications.

Dr A

Can't be bothered with Telegram. I think Artji (30th June 12.33) makes a good point, and if not dishonest, then certainly disingenuous of PHE.

Many of us are, in one way or another, are concerned about the direction of travel of PHE, and the word nowhere springs to mind. Please convince me otherwise.

Artji

You make a very good point re revenue. Dishonest would be a better description, but I look forward to Dr A's powerful insights into the matter.

Dr A

Would you care to comment on Artji's post at 12.33 today?

Patx

Yes, and the extensive apology from Dr A did not help my perceptions of the RNS one tiny bit.

This was a heavily spun RNS and sadly, however cleverly spun, it is not possible to make a silk purse out of this particular pig's ear. There is NO mention of, or timeline to, the DMG of any size. We have optimistic statements like

"Powerhouse is making strategic investments and partnerships to secure its position in the global waste-to-energy sector. With a strong balance sheet and a clear vision, the company is well-positioned for future growth."

This is awful guff and does not obscure the fact that PHE's prime objective is as far away as ever.

And before the chartist from Bolton starts ranting, I am an utterly disillusioned LTH.

2buyetc

But I take it that any IHT exemption for an AIM stock will be now lost. That is my interpretation but I am happy to be corrected.

Moab

Hydrogen news

World 1st Methanol to Hydrogen Fuel Cell System Tested Successfully

AFC playing catch up

Those who paid 80p at the placing last year may well be out in force on Wednesday's AGM.

Also, other applications:

I wonder what steps are presently being taken by AGL to increase the spread of applications to other malignancies; ovary, prostate for a start.

Also - a long shot - Some time back Parsortix was trialled in early pregnancy for foetal abnormality screening. This used foetal cells captured in maternal blood if I remember correctly. That could be quite a winner.

Piltick

I am wrong, but just quoted the RNS as below:

Engsolve was owned 48% by PHE and 52% by its two directors, Paul Emmitt and Richard Riddell. Mr Emmitt is the Chief Operating Officer of PHE. Mr Emmitt has sold his entire holding in Engsolve and is a related party under the AIM Rules for Companies. The transaction with him is therefore a related party transaction under these regulations.

Goldbar

Also 2022, but that promise went nowhere. Some slippage perhaps. See RNS quote below

23 March 2021

Progress update

PowerHouse Energy Group plc (AIM: PHE) ("Powerhouse" or the "Company"), the sustainable hydrogen company pioneering hydrogen production from waste plastic, announces an update on its progress in the UK and Poland.

The Company’s priority is to ensure the first hydrogen facility using its DMG technology, based at Peel NRE’s Protos site, meets the target of being commissioned and operational by the end of Q1 2022.

Patx

They may have consulted WH Ireland on this, but it remains a fact that Emmitt is CEO of PHE, and it makes me uncomfortable with the 'deal'. I suppose, as divvyup suggests, that this might involve expensive IP.

Still no hint of the DMG being buiut by anyone.

I wonder why, when PHE bought 48% of Engsolve for £99950 less than 2 y ago, the remaining 52% cost £572K?