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Fellow investors concern for each other, well done all for reaching out.
Disappointing now news on this one - hope next week brings something.
Good luck all.
Thinks to remember here:
AEG in my assessment will not need to raise money
in the short term.
If you look at the CLNs that have been used to purchase the Lumberton site - you will see that the Company has completed a fund raising of US$3,413,000 but made a cash payment of US$1,080,000 for the purchase and the rest has been taken up by Alamac by way of CLN.
The point being AEG have $2.3M in the bank. Yes they are paying interest quarterly but you would hope that this means that they are confident that with the coalswitch plant up and running they can service the interest and begin to create revenue.
Long story short, They do have c$2.3m in the bank and whatever remains from the placing in December of £1.5M so they should be fine going forward.We have coalswitch orders that AEG will service from Lumberton. As you may recall the reason for acquiring Lumberton is that it is right next door to our joint venture partner Georgia Renewable Power who have in excess of 2m tons of biomass for us to use per annum.
So we have a plant, we have a massive site that we can grow into for years to come, we have cash in the bank and we have clients and feedstock. Also the convertible loan notes cannot be converted for one year so there is no dilution coming. Also the company can convert and not Alamac - this is again a very good sign that AEG are very confident that they have cash coming in.
The crazy thing is anyone investing in AEG now, has the potential to see 10p a few years down the line. Us long term holders will be grateful to be back in the black given the horrendous journey but the heavy heavy lifting and open heart surgery has been carried out now and at this price there is real value.
If i were stumbling on AEG right now for the first time, this would be a massive buy - as the risk return is literally life changing. Please have a look at the CLNs.
We also are due at some point confirmation on the EU grant with our joint venture partner Cobant where we have been certified to be a super fuel allowing us to supply coalswith into the domestic market. Poland is a country where 30% of households still burn coal so this is a massive market worth millions.
Newfoundland - Richard is working on his side of the business and his investor has committed to invest $20m to get this going. I suspect as some have said that AEG will sell Timberlands to Richard as this would allow Richard to run his won business and AEG would get a significant cash windfall as AEG owns Timberland and therefore the permits. Lets also remember that Timberlands owes AEG $15m so there is lots going on in the background here and yes it has been a tough slog but my view remains this is the year where we start producing coalswitch and we have the cash, plant and feedstock and partners and customer to do this so stop worrying.
All for the bargain price of £5m Mcap.
Zoom - you lost money, there is no one in this stock who has not lost money, but you left and have not posted since February but you have returned today when the price has dropped and I have asked you if you are holding stock in AEG and you have said not at the moment - so without wishing to create a parallel argument but, based on your posts of earlier today, there would be no reason for you to be talking down this share would there? It seems you hold two views simultaneously - you say they have nothing but you may come back - why?
If you are genuinely sorry for the losses that some are sitting on here - and you are no longer invested here, then I would ask you to remain silent. Otherwise it is reasonable for us to assume that you are hoping for a better entry and instilling fear and negative sentiment at a time when moral is low - it is of course easy to do this and the usual defence is "the market dictates the price" As we all know - we are the market and many people in a vulnerable state can make a decision in haste that the regret for some time.
Thank you.
Zoom - are you still holding shares here - i recall that you sold out. No one is saying that the company has performed well to date but they did say at the AGM that things would start in H2 2019 and that was last year. The company is under new management and so far everything that Rown has said has happened to plan.
Check out the accounts for 2017 - we are owed $15m as well.
When we are in production and we will be soon, on the balance of probabilities, then we have finally turned the corner and things can only get better from here on - so you this is the bottom for me and from here on its up.
I have been here for several years and know the company very well and this will come good in the end and when it does these days will be long over.
Coalswitch is a revolutionary product - and has been certified by the EU as a super fuel in Poland. Poland allows us direct access into the domestic heating market where we have 30% of households still boring coal and inhaling toxic carcinogenic fumes into their lungs.
The company has cash to see them into production and beyond.
HKU they just raised $3.5m in funding and someone just bought 3% of the company on 7 March.
Richard invested £556,000 in December 2017 to demonstrate his commitment - check out the RNS. He's not stressed, as they know full well that the stock market is fickle and cash talks.
We have a plant, we have feedback, we have a huge site in the best location, we have a pending grant, we have a crown timer licence, we have an external investor who has committed to invest $20m as per the RNS - and those of you who have done your home work know who that person is - so please just give them till the end of this year -or be graceful and do as you must do.
Key Terms of the Agreement and the CLNs - THEY HAVE CASH
The total consideration for the Acquisition of the Lumberton Site is US$3,330,000. This includes a cash payment of US$1,080,000, which AEG has now made to Alamac, with the balance being settled via the issuance to Alamacof US$2,250,000 of Series B CLNs.
The Series B CLNs are redeemable after March 2020 at the election of the Company and are secured via a fixed and floating charge on AEG's assets.
HKU it loses because no one is buying, as you well know. Everyone is already in this stock waiting for it to make good on all the efforts. See my post. It has dropped on a series of small sells by new investors getting board - day traders who entered when the price was 0.6/0.7 and are now board and others who simply do not understand the business as we all do. I am not happy about the share price but this is the reason for the price drop. But Hku they do have plenty of cash right now.
Thinks to remember here:
AEG in my assessment will not need to raise money in the short term.
If you look at the CLNs that have been used to purchase the Lumberton site - you will see that the Company has completed a fund raising of US$3,413,000 but made a cash payment of US$1,080,000 for the purchase and the rest has been taken up by Alamac by way of CLN.
The point being AEG have $2.3M in the bank. Yes they are paying interest quarterly but you would hope that this means that they are confident that with the coalswitch plant up and running they can service the interest and begin to create revenue.
Long story short, They do have c$2.3m in the bank and whatever remains from the placing in December of £1.5M so they should be fine going forward.We have coalswitch orders that AEG will service from Lumberton. As you may recall the reason for acquiring Lumberton is that it is right next door to our joint venture partner Georgia Renewable Power who have in excess of 2m tons of biomass for us to use per annum.
So we have a plant, we have a massive site that we can grow into for years to come, we have cash in the bank and we have clients and feedstock. Also the convertible loan notes cannot be converted for one year so there is no dilution coming. Also the company can convert and not Alamac - this is again a very good sign that AEG are very confident that they have cash coming in.
The crazy thing is anyone investing in AEG now, has the potential to see 10p a few years down the line. Us long term holders will be grateful to be back in the black given the horrendous journey but the heavy heavy lifting and open heart surgery has been carried out now and at this price there is real value.
If i were stumbling on AEG right now for the first time, this would be a massive buy - as the risk return is literally life changing. Please have a look at the CLNs.
We also are due at some point confirmation on the EU grant with our joint venture partner Cobant where we have been certified to be a super fuel allowing us to supply coalswith into the domestic market. Poland is a country where 30% of households still burn coal so this is a massive market worth millions.
Newfoundland - Richard is working on his side of the business and his investor has committed to invest $20m to get this going. I suspect as some have said that AEG will sell Timberlands to Richard as this would allow Richard to run his won business and AEG would get a significant cash windfall as AEG owns Timberland and therefore the permits. Lets also remember that Timberlands owes AEG $15m so there is lots going on in the background here and yes it has been a tough slog but my view remains this is the year where we start producing coalswitch and we have the cash, plant and feedstock and partners and customer to do this so stop worrying. Sensible discussions please.
Can everyone stop panicking please. A few points to remember - the company has cash and lots of cash so there is no immediate cause for concern. This has dropped today as this is the last day for taking funds out of your share account and into you ISA account. Think about it logically people. If AEG does perform this year which it is my firm view that they will, then those people who have bought recently would face a tax bill on their gains. Today is the last day to use your allowance. Check it out! Also there is so much to come here in the next few weeks/months.
Act in haste = repent at leisure.
Looking good today so far
Maybe another intra day rns!!
I see some of a1 posts have disappeared....what a shame