Member Info for Piltick

"Lastly, when did DMG change from Gasification to Generation!?"
It didn't. As far as I'm aware, that's just someone getting it wrong!

I believe that AFC will mostly use ammonia as their hydrogen source for their EV chargers, so unlikely to use hydrogen from PHE's DMG for that purpose.

Also, we don't know how many PHE shares they have bought in the past week, and how many they might buy in the next few weeks.

What happens if they can't afford to make a cash offer for the balance of the shares?

Thanks jabberba, and thanks to David for his prompt reply I think.
I'm sure we'll get more info and explanation in due course, with reasons for the "price" whatever that might be in the end.

Still would have the issue of putting in the wiring to get the electricity to the pads in the first place. And of course more load on the local distribution grids in cities and towns.

I accept that MaT, and I understand the chemistry. What I'm getting at is that I understood that the actual gasification process doesn't produce CO2 because all of the carbon contained in the feedstock would either end up as carbon in the bottom ash, or within the CO and methane in the syngas, but not as CO2.

So the CO2 would only be released at the point that the syngas is burned as fuel for generating electricity. Overall the amount of CO2 produced by the entire process would be much less than incineration, or by steam methane reformation.

As I say, that was my understanding, but I could be wrong. I would be interested to hear from someone who knows the actual circumstances.

I had assumed that that statement included the entire process, i.e. the gasification process and the burning of the remainder of the syngas (after extraction of the hydrogen) for generations of electricity.

But I may have assumed wrongly.

I recall some time ago KA saying that the DMG system would produce one-sixteenth of the CO2 produced by the steam methane reformation process using natural gas. So one tonne of CO2 would be produced for each one tonne of hydrogen in the DMG process, against 16 tonnes of CO2 to produce one tonne of hydrogen using the steam methane reformation process.

Of course I cannot verify that that is correct.

You are right stokey, the devil will be in the detail. I too am concerned about the ratio of the share split, but at this point I am confident that our BoD will come up with a sensible deal and satisfactory explanation. I will pass final judgement when I see the detail.

Excellent terms. Best CLN terms I have come across in any of my investments so far.

I have confidence in our BoD to come up with a sensible deal.

Anne, why are you suggesting that the DMG unit should require a carbon capture system? The whole idea of a gasifier is that the process produces minimal CO2 and does not emit toxins into the atmosphere. It is not incineration.

...and buses, Aberdeen.

Let's try this another way, just for fun!

If PHE issue new an additional 66% of new shares to take over W2T, then the total of PHE shares will be 166% of the current number of shares in issue.

So the proportion of shares issued for W2T (66%) will be 40% of the new total (166%).

Actually it's not maths, its just simple arithmetic!

The market in general doesn't appear to be concerned about dilution right now. If this forthcoming transaction was seen as one that was likely to cause dilution for PHE shareholders, then I would have expected the SP to go down in anticipation of that happening, as it usually does does when a dilutive placing is expected. So I regard the SP holding firm as a good sign.

By "cancelled" I assume that the shares were bought back by the company and deleted from the share register.

Sorry, ignore that, I was confusing it with something else!
Shame we can't edit or delete our own posts on here.

I reckon they've sold it, or at least half of it, for cash-flow.
Just a guess of course!

But not as big a battery as a pure EV car.