Member Info for Piltick

on Barclays online, so couldn't sell even if I wanted to (I don't).

If it turns out that this drop has got anything to do with a leak of any kind, then it will be blatantly obvious.

No mention that unlike incineration, gasification does not throw toxins etc. into the atmosphere, and much less CO2 is produced?

Love it!

The first one will take about 9 - 12 months but that includes site construction etc., as KA has estimated that it should be up and running by the end of Q3 2019. But the second one would be much quicker, and after that they wouldn't be building one after the other because they would be organising a production line. When they reach that stage I don't know how many they would propose building at a time, nor how long it would take to build, but it would be a great deal quicker than the first one or two.

Really, it's a question that would be best put to the company, as anyone on this BB can only speculate.

Tell you what, Southerhay, I'll sell you mine for £5, then you'll make a 20% profit when you sell them for £6!

I've put my shares up for sale at a limit of £5.00.
I'll get a shock if they get sold tomorrow morning!

Seems to have closed at 4.25. There must be something critical going on, this certainly isn't normal, nor merely mm manipulation. We really need a statement from the BoD.

seriously!

Is it possible that a placing might be on the way?

Perhaps it's cheaper to produce?

And still the company remains silent.

Are you telling us that your are out, Eddie?

Southerhay: Can you please confirm exactly what email address you used - did you do as suggested by whatifindsikeeps, i.e. first initial plus surname (no fullstop) @afcenergy.com?

I have also sent an email suggesting that they have a duty to advise the market, either that they are not aware of any reason (et.c etc.) or if there is some reason, to tell us what it is.

What the f*** is going on here?

Stokey: As things currently stand, I believe that it is possible / likely that the first commercial unit will be built, commissioned and operational by the end of Q3 2019, as stated in the RNS dated 28th September. Of course there is no guarantee that this target will stand firm, but that’s what we have to work with at the moment. Assuming that that happens, I would expect PHE to have been making preparations for the next units while the first one is in progress, so that the second and subsequent units should come off the production line in less time than the first one. Anyway, it’s probably a fair assumption that the first royalties would start being paid to PHE in early 2020, perhaps even towards the end of 2019.

It’s impossible to predict what the share price might do in the future, and I’m always reluctant to speculate on this. But I’m quite sure it won’t go in a straight line. It all depends on the market’s perception of the business potential and the level of risk associated with that, so the SP will undoubtedly move both up and down as that perception changes from time to time. I reckon that if it becomes clear and generally accepted that PHE has a unique viable process with the ability to produce lots of units over the next several years (there are still sceptics regarding this) then at that point I would expect the SP to increase significantly. That realisation could happen at any time as news of construction and/or contracts is released, but I would be surprised if anything very significant happens before the first unit is up and running.

Of course it has to be said that if it transpires that the 25tpd unit does not do what is expected of it, then we could expect the SP to plunge in the opposite direction.

Hope this helps.

Stokey, The simple way to look at it, I think, is that PHE intend to use waste to produce syngas and hydrogen, whereas AFC intend to use hydrogen as a fuel to generate electricity through their fuel cells. Hence, the two companies complement each other rather than compete.

Perhaps the confusion arises through the terminology used by AFC "hydrogen generating unit" which does not mean generating hydrogen, it means using hydrogen to generate electricity.

Of course it is also PHE's intention to generate electricity from the syngas that they produce from waste, either by using a gas generator (as they are currently doing at Thornton Park) or by further processing the syngas to extract and purify the hydrogen element, and to use that either to sell as fuel for hydrogen cars, or to generate electricity using fuel cells, which could well be AFC's fuel cells. Which is why I say that the companies complement each other.

May also be of interest that it has been said by Keith Allaun (and is stated in AFC's web site) that fuel cells are about 2x more efficient in producing electricity than a gas generator.

Indeed, BumbleB, of course I don't know what the situation is regarding the fuel cell, and we haven't heard anything about it for quite a while. I wonder if they will bother with a FC for Thornton Park now, perhaps it wouldn't be viable depending on how much electricity they are generating there. So maybe they will wait for the first commercial unit to be built. Then again I'm not sure what AFC's situation is at present, whether they are ready to deliver or not, but surely they will be ready by the time PHE completes its first commercial unit.

Well, Audible, I expect we may hear something on the following before the end of this year:
- Planning permission for the first site
- Signing of the lease for the first site
- First firm contract(s)
- Progress reports on site constructions, and on construction of the first 25tpd unit.
- And more?