Member Info for Piltick

Absolutely Bumble. The main problem lies with the local distribution systems, moreso than the national grid, although the national grid would undoubtedly suffer problems as well.

I'm sure I read somewhere that Peel were expecting to complete the funding deal for the first DMG in November. Does anyone else recall that?

Cromer, you are of course referring to the infamous Tom Winnifrith at Share Profits! He clearly is not a fan of PHE, not sure why.

Indeed stokey, not very enlightened at all!

Reluctantly, I feel compelled to comment on Yellow's statement (post at 9:15):
QUOTE
I suspect it’s a funding issue.
Peel won’t find it from their balance sheet, too risky.
It will come back to shareholders by a massive dilution.
UNQUOTE
Well I don't know if I'd call it a funding issue, but it is the case that Peel are seeking external funding for the first DMG at Protos, so they are clearly not intending to fund it out of their own petty cash. Of course they may put in a percentage of their own funds, and borrow the rest. So that covers the first two lines in Yellow's post.

But how that translates into dilution for PHE shareholders is beyond me. How Peel manages to fund the DMG project has nothing whatsoever to do with PHE's funds, profits or shareholdings, so I don't see how that can result in any dilution to PHE's shareholders.

When the DMG is running the syngas that produces will be used to generate electricity as well as hydrogen. A proportion of the electricity that it generates will be fed back into the system to keep the gasification chamber running. I believe that the "parasitic" energy will be about 15%, but perhaps someone else can confirm that.

What happened to Muscorum?

They could be much further on with any of their negotiations and deals than any of us realise, because they don't tell us anything.

Tyson, this link may help to answer your question:

https://www.youtube.com/watch?v=sMcvXj-HOdc&feature=youtu.be

MCAP £25M. Crazy.

Sounds like it could be a busy site!

So taking that a step further, if a truck load is 20 tonnes, then each DMG would need 2 truck loads per day, and 4 DMGs would need 8 trucks per day. That's a lot of plastic!

That sounds about right telephoneman.

Grace, I bought some this morning at 33p. I thought I'd done well at the time! But if this keeps on I might just jump in again tomorrow. It seems to me vastly oversold. Of course that's just my opinion.

I agree stokey, I can't see any benefit in doing a consolidation right now. I actually hate consolidations because it usually results in a drop in overall MCAP, and as far as PHE is concerned I certainly wouldn't expect a consolidation when the SP is in the region of 3p.

Basically stokey, John Whittaker is the man holding the purse strings! But don't be fooled, although he's worth several £billion, I suspect he's unlikely to open the purse and use his own money to pay for the first DMG unit. He'll be expecting a financial institution of some kind to do that for him!

Thanks for the link Kenny. Makes good listening, but I'm not sure if I'm very much wiser! But to be fair, I don't suppose there's a great deal he can say at the moment.

Yes, Paul Warwick worked as a consultant for W2T for a while and took his payment in the form of W2T shares. So when PHE took over W2T then Paul got PHE shares in exchange for his W2T shares, as did all W2T shareholders.

Incidentally, according to the takeover document, W2T, currently a 100% subsidiary of PHE, will cease to exist as a separate company before this year end, as it will be dissolved and its assets and liabilities merged with PHE.

I rather like the webcam idea, then we can see what's going on when they start the site-works.

OK, thanks stokey.