Member Info for Piltick

Effingham!? Oh, Effing.....

Good heavens, he's early!!

When they have achieved the permits, the signed lease, the power-purchase and feedstock supply contracts, they should be in a very good position to seek funding, or part funding, from a bank, financial institution or partner for the cost, or part of the cost, of the first commercial G3 unit.

...sold out... not caused out.

Largest shareholder caused out because he needed the cash. Everyone on this BB knows that.

The difference is, AFC are probably hoping not to attract nutters as customers!

I don't believe that PHE will have to go for a death-spiral type of CLN financing. They will be in a stronger position that some of the companies who have had to sell their souls to these sharks. PHE already has a working prototype that proves that the technology works, albeit on a smaller scale than the planned commercial unit. And when they get planning permission, a signed lease, and a power purchase agreement, together with the MOUs that they already have, I would have thought that they should be in a fairly strong position to get a decent financing deal.

I absolutely hate these CLN financing deals, the ones that Tom Winnifrith calls "death spirals". I have seen it destroying the SP of a lot of companies. Some say companies take these deals when they have nowhere else to turn to, but I think sometimes it's down to directors' inexperience and naivety.

Are you, ross? Giving up on EQT, I mean.?

You're just trying to wind people up, s-o-n!

Where did you get that info? I don't think so, haven't seen any Heavy Load vessels moving yet.

Sound good. Let's hope the SP responds accordingly.

The market is probably waiting for confirmation that the rig has left UAE and is on its way, which could be during the first week in April. Then no doubt the market will wait again for for a time for confirmation of spud.

Yes, I've noticed that, Sharesport. I'm sure he's got some flexibility built into his timeline, and let's face it, if the planning permission goes back a bit, that doesn't necessarily hold up progress on everything else. There are lots of other things that can be going on behind the scenes such as ordering components and even starting to build parts of the G3 unit off-site.

Thanks for that balman. I had a feeling that he would still be sticking to his target of first commercial G3 this year, so it's good to hear that. I have exchanged emails with Keith in the past, and have been meaning to speak with him on the phone but just never got round to it. I will make a point of doing that soon.

Thanks balman. Always good to get feedback from these events. If Keith is expecting planning permission within the next two months, depending on local council, then that indicates to me slippage of possibly about 2 months from the previous timeline which suggested "breaking ground" on site around April. Seems to me that may go back to around June, but of course that may or may not push back the ultimate target of having the commercial G3 up and running by the end of this year.

You realise, Toulouz, that we'll be looking for a full report on here on Sunday!

In view of the government's push to accelerate house-building in the UK, I think that Gove would find it difficult to turn down this project. Or even to kick it back into the long grass.

Yes indeed BB. I would certainly like to get more info about the number of continual hours running of the prototype G3.

It will take some time for the Heavy Load Carrier vessel to get to the UAE if it is not already there.