Member Info for Piltick

Now I could be wrong of course, but I'm thinking that today's drop in SP could be due to (among other things) a combination of expectations and impatience on the part of some shareholders. Expectations, meaning that some were undoubtedly expecting, or hoping for, an announcement of substantial sales / revenue in the next few months, and certainly by the ent of this calendar year if not financial year at the end of October. As it turned out, it seems that although considerable progress has been made and continues to be made, we will have to wait a little longer for the substantial sales and revenue to materialise.

And that's where the impatience comes in. I reckon that a substantial number of punters with expectations dashed, have now turned away in search of greener grass elsewhere, in the hope of finding quicker returns. Well good luck with that! I imagine their exodus will not last very long, and that they will all be gone in a week two, which will give long term investors another opportunity to top up at a lower price.

I have to admit that I wish I hadn't bought so many several years ago at a much higher price, but we are where we are and following the presentation I am very please with progress, and very confident that in one or two years the SP will surpass my current average price by a considerable multiple.

All IMHO of course!

And back down again. What's going on?

Goldbar, have you listened to Keith Riley's latest interview with Zak Mir?

Maybe Keith has a cornerstone investor lined up. But not Peel, obviously!

In his interview with Zak Mir, Keith Riley acknowledges that PHE is in talks with National H2 in Australia but that no agreement has been reached so far.

Keith Riley Interiew with Zak Mir:
https://zakmir.com/zakstraderscafe-interview-keith-riley-acting-ceo-powerhouse-energy/#gs.x38k26

Tatty, PHE have commented on National H2 in Australia.

It's not just the sheep who are wondering, a few punters are also wondering!

Patxaran, the loan wasn't to Peel, it was to the SPV, and no it hasn't been paid back yet. It will now be an internal inter-co transaction between the SPV and PHE. It's explained in the RNS.

Dan, that is because Peel had only put in £1 share capital into the SPV, nothing more. It's just a shell company at the moment.

Exactly what I was hoping for, and that doesn't happen very often! This is how it should have been constructed from the beginning.

Hopefully we'll get better news on Tuesday.

I wonder if the reran for the fall in the SP is because punters are afraid that there may be a placing to cover the capex for the Protos DMG? The market always seems to get nervous about placings, which of course makes the drop in the SP become self-fulfilling.
Just a thought. Not a move that I'm promoting!

No, I've certainly seen nothing of either of them for a very long time, thankfully!

I'm not sure I could even begin to hazard a guess on that one, cureboy, but I'm prepared to bet that at the end of this month, in about a week and a half, we will know a) the outcome of Peel's UK exclusivity option and b) the arrangement between Peel and PHE regarding the SPV for the Protos DMG on Plot 10B. Which means we will know if PHE is going to take over the FOAK 100%. I'm expecting excitimg news in just over a week from now, let's hope I'm not disappointed!

I have to say I'm a bit wary of the exclusivity bit!

rebarm: My understanding of this is that NH2 is stretching it a bit far saying that they have exclusive rights, when PHE have issued an RNS saying that no agreement has been signed yet. So they may be negotiating for exclusive rights and they may be expecting to get there, but at the moment I think I have to believe what PHE tells us in their RNS.

As I wrote in my post at 10:20 this morning, PHE are restricted in law and by their NOMAD in what they can put out to the public, perhaps that's not the case in Australia. Suggestions on here that PHE is the one at fault is misguided.

It's not about what the PHE BoD want, it's about what they are allowed by law and by their NOMAD to put in an RNS. The idea that the company can hold back information from their shareholders is false, and if they do they can get into trouble. If the agreement hasn't been signed then they have to say that. Maybe there are different company rules in Australia.

I appreciate that it looked like that, but I don't know if that was the case or not. I can't defend him because I just don't know. Anyway it didn't do him much good because the SP went down anyway!