Member Info for Piltick

If the SP is on the "up" (we hope!) that really shouldn't make it any more difficult for directors to buy in. Once the company has released an update and assuming that they have divulged all of the significant price-sensitive info that they know of, then it's a level playing field and the directors ought to be in a position where they can buy shares without fear of being accused of insider trading.

As far as I am aware it only becomes a problem if some significant data is released within 30 days of the purchase of the shares, that the director was aware of at the time of the purchase but not available to the public.

Could be wrong of course, and if so happy to be corrected.

Of course he could do similar to what Keith Allaun did over at PHE. He bought in at a premium, investing £100k at 0.6p direct to the company when the market price was 0.5p.

I didn't ask that question BB, and perhaps I should have done while I was at it. He just said that the intent was to go for a generation facility initially then look at hydrogen later. I have a feeling that it will not be with a fuel cell, that will probably depend on the viability calculations.

You are quite right, gg, when they get the hydrogen up and running, that will be ideal for the local buses, refuse trucks and other local HGVs, as specified in the report.

Just had a very prompt reply from David Ryan. He confirms that they will go the electricity route initially, with the intention to add the hydrogen bit at a later date. Which I think is what he said at a presentation a few months ago. Makes a lot of sense to do it that way.

Although, having read the article more carefully, it does say "This clean and low-cost hydrogen could then be used to initially power buses and Heavy Goods Vehicles (HGVs) in the region, before being rolled out to hydrogen cars."

So I'm still confused!

Well I have to admit that I am a little confused here. Capex of £7M is what is required for a straight 25tpd DMG unit generating electricity. In order to produce EV quality hydrogen, they would require a further c.£5M capex for the PSA equipment, unless they intend to lease that. So I suspect that on this occasion they will be producing syngas (which of course contains a high proportion of hydrogen) to generate electricity, and may (or may not) add a PSA unit at a later date.

They're asking for questions to be sent in!

Perhaps an email to Ervington?

Did RA have a representative at the AGM?

The licence fee is definitely 20% of Net Revenue i.e. after Operating Costs.

Thanks to all who attended the AGM and to those who have taken the time and trouble to put notes up on this BB. Very much appreciated.

If they provided proper news flow, perhaps they wouldn't receive so many emails making enquiries!

Thanks BumbleB, I realise that time will be limited for questions so we need to "ration" them to the most important ones. I feel that today's RNS is a diversion to try to steer the members (and questions) away from the things that they would rather not talk about, and they mustn't be allowed to get away with that!

BumbleB, in my view they need to be asked for updates on all of the items mentioned in RNSs during the past 6 months but where nothing further has been said, as I listed in two posts last Sunday.

Anyone going to the AGM might like to have a quick glance at my two posts last Sunday 21st at 16:34 & 16:35 where I listed some "potential" questions for the AGM.

Still, it would be nice if they would update previously mentioned targets, from time to time.

Didn't they learn anything from their last venture into CLNs? Apparently not. So what did they expect to happen this time?

Don't they have anyone giving them financial advice?

Because the regulator doesn't understand the question?

Would I be right to assume that they haven't drawn down anything on their recent Thallion funding?