George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Little chance of that at the moment.
So long as he can fund enough to pay himself, his mates and the other PR/NOMAD hangers-on then he will stay.
Pay-day comes when he and the hangers-on can convince people this company is going somehere and grab their cash for their new car.
Unfortunately for those who give up their cash, this company is going nowhere. It has nothing.
AEG has no orders.
AEG has no working production units.
AEG has no permit to produce CoalSwitch at the site of one of its non-operational reactors in Lumberton.
AEG has no working reactor at the site of its rushed joint-venture in Maine.
AEG has not been able to fulfil its obligations and meet the order with Hunter. That is 5 years after Hunter first showed interest in CoalSwitch.
AEG increased the shares in issure by billions to pay off its CLN creditors when it became clear it was not going to be able to service its debts.
AEG has been unable to explain why it did not produced test results by 31st July as promised by RNS. AEG has just left the ever expanding time between promise and now to hope people forget the promise - just as though it made no promise at all to provide test results by 31st July.
AEG appears to be in multiple court cases against, amongst others, a supposed licencing partner in Canada.
AEG has wound up operations in Ukraine and lumber operation in Lumberton, NC.
AEG has given no indication when (increasingly if) there will be any production in Lumberton, any further production above 8 tonnes produced in Maine, any permit in Lumberton to even allow production, an extension on the Maine permit to produce enough CoalSwitch to meet the Hunter order, any of the promised test results.
AEG has nothing except a BoD lurching from one unfulfilled promise to another whilst attempting to secure funds for the next BoD pay-day.
The major ii has been selling down its involvement for months. Gravendock knows the game and that being involved with life-stylers, who do absolutely nothing for shareholders, is not a wise position to be in. Not good PR for Gravendock.
What percentage of the cash-burn will be taken up by BoD remuneration. That is the real indicator of a life-style BoD.
AEG is nothing more than some IP for a product that has not been tested. Delays in the tests and in production allow the BoD to pay itself for nothing. Without results CoalSwitch is a hypothetical product relying on its untested claims. Rowan still uses the same claims made by Spinks all those years ago. Nothing has happened since Rowan took over that does not directly relate to Rowan’s remuneration.
This company is not a failure - this is deliberate.
Can't wait for the excuses to come about delayed results and publications. What will they be I wonder?
Wow, 06:38 and 07:04. Must be on the earlies' rota. Well done for doing something for the company at least.
Do you think Sister Rowan and Double Diamond would ever get up that early for the cause? Of course not, that is why AEG has failed in every single venture it has tried since Rowan became CEO. Largesse off the fat of the land.
A failure at every point except of course the remuneration taken for him and his groupies.
Meanwhile, back at the ranch looking for anything that could lead to improved share-holder value, there is nothing.
All interests other than CoalSwitch wound down.
CoalSwitch remains a hypothetical product and will remain so until there are positive test results.
Not only has Rowan failed to provide the test results as promised, he has been unable to make enough of the hypothetical product to even be tested. The market still has not been updated as the actual amount of untested CoalSwitch that was actually delivered to Hunter.
8 tonnes instead of 900 tonnes was the figure quoted by Sorg and not rebutted by Rowan. Rowan was quick to rebut the letter from RMDE so we must assume the 8 tonne figure to be correct. That means AEG could not even deliver 1% of the hypothetical product for testing.
That is a failure worth thinking about. Add on the fact that the only reactor capable of meeting the rest of the order has gone pop, what is there left. Jack diddly - that is how much.
When that reactor in Maine when gaga it left AEG with a lump of non-productive metal unable to make the hypothetical CoalSwitch. That goes nicely with the other non-productive lump of metal unable to make the hypothetical CoalSwitch back in North Carolina.
Not looking good for the "this will be 3p" brigade that we have to endure as the company brings on failure after failure.
SP close to all time low and nothing on the horizon - absolutely nothing.
Graham.
What a disappointment. I was concerned about your use of the Mikey boy three line whip to call him "Mr Rowan" on here. All clear now.
You almost had me fooled when you said you had sold up a few week ago.
Nothing of the sort of course. You are just here to try and be the ‘rational voice’ whereas in reality you call Mikey boy "Mr Rowan" just like the others, and for a reason of course.
For someone who supposedly sold up, why have you decided to publish so much promo stuff here on LSE when there is a dissenting voice (me) detailing all the failures of the company? It took you 20 minutes – not bad.
You say that this should be 1p on “the news”.
Exactly what news are you talking about Graham? The last news we had was that the Maine plant was inoperable and that Mikey boy had failed to deliver on the only order AEG had. We heard that AEG was winding down all other business interests in Lumberton and the Ukraine. We also heard that the only licence in Canada was a non-starter.
How does “that news” make 1p?
It should make 0.25p which is where this share is going.
If your data is so good Graham, what % of the cash burn in H1 will be accountable as BoD remuneration?
Simple question to a supposed ex-shareholder who had lots of data to publish and who calls the CEO "Mr Rowan".
If you can’t answer within the 20 minute frame you are used to, you could always ask Mikey boy and report in the morning.
Happy to talk about the past ha ha.
Seattle, you once told everyone on this board to address talk of Mikey boy as "Mr Rowan". That is in the past.
You never did say why you were so deferential to Rowan. I just laughed because I know the game, but another poster said that you were a Director from the past.
Hey Seattle, have you ever been a Director of AEG? Have you ever worked for a company that promotes AEG such as a NOMAD or publicity agent?
Are you, or have you been, in anyway associated with AEG either directly or through companies employed by AEG? By association I mean by direct or indirect employment. A piece rate paid ramper is indirect employment.
Why in the past did you post AEG publicity material to the private addresses of investors? Why did you think it OK to ask private investors for their personal addresses on a public forum like LSE so that you could post publicity material?
A long time investor and poster on this board (HKU) used to call you the past Director of AEG.
Was HKU incorrect and you are not a past Director of AEG?
What had HKU done to you for you to have her removed from the board?
You talked about accuracy of the past. You have been asked about your involvement with AEG in the past and have not answered.
Be accurate Seattle. Just answer the questions about who you are exactly.
Nonsense rubbish about profit expected 2022 and those saying so know very well that is the case. What is all this talk of 7.5 tph plant? For anyone new, this company has not been able to construct a successful 3 tph plant, and that was with the promises of 5 tph and 50 tph rolling easily off the RNS machine that never happens here at AEG.
There is no production plant. There are no orders. There is not a successful test trial of the supposed super product CoalSwitch. AEG have failed to meet the only order it has ever had. In order to look as though he was going to meet a deadline Rowan got into bed with Player Inc. and gave away half the profits. Even that failed.
Has Rowan explained yet why he promised to produce test results by 31st August and failed to do it? The excuse that the reactor broke down on 5th August is no good at all. The results should have been published days before the Maine reactor crashed out.
Where are they Rowan? Hey Mikey boy, we are waiting for you to fulfil a promise - just this little one... It will do you good to be an honest broker ha ha. Pearly gates and all that.
Has Mikey ever fulfilled a promise except those to himself and his groupies on the BoD when it comes to their pay?
No point looking, the answer is no. But then again, what does a life-styler care about things like share-holder value eh?
H1 cash burn someone said?
I can't wait to compare the cash-burn H1 to the amount the BoD paid themselves for their:
- Failure to put together the 2016 Utah reactor in Lumberton
- Failure to develop the Ukraine business
- Failure to get any licence agreement for CoalSwitch
- Failure to produce the agreed tonnage of CoalSwitch for Hunter
- Failure to make a sustainable production unit in Maine
- Failure to develop the Lumberton timber business
ha ha. Like a kipper.
What do you think their remuneration for failure will be as % of the cash burn?
Fundraise? It is getting close to remuneration time for the BoD again already?
All-time low was 0.33 back in November 2019. If any fundraise is 0.30 as suggested then Mikey has to go. There cannot be failure on failure followed a fundraise at all-time low rates and survival for him surely. Even his fan club would go sour.
That would be:
- loss of the lumber business (no production, no revenue),
- inability to reconstruct the reactor in Lumberton (so no production, no reveue),
- inability to get a permit to produce in Lumberton (so no production, no revenue),
- inability in JV to contstruct working reactor in Maine (broken so no current production, no ability to fulfil promised order).
If the sp goes below all-time low then Mikey has to go.
I wonder if the fundraise will be with any pressure put on? Going concern... unless... etc etc? It has been done before on AIM and will be done again. AEG with no production, no revenue, no orders is a prime candidate.
Look foward to testing Stiffler's prediction. What was it again? Fundraise in October - December with test results that were promised in July.
Why do you think the results promised in July and before the reactor breaking down on Main on 5th August, will not be ready until Q4? What so you know that othersd don't n here?
After all Stiffler, you did predict the delivery of the coalswitch to Utah the Sunday before the RNS saying it had happened on the Monday.
As you knew about the delivery you might tell us all exactly how much was delivered that they are testing (results ready July 31st 2021).
You still haven't said how you knew about that weekend delivery at all, you being a daily-declaring personal investor on this board, of course, indeed yes.
“A strong buy at this price." ??
Ha ha I haven’t laughed so much in ages.
In the past month Mikey boy has said there is no production in North Carolina. He is no saying there is no production in Maine.
He has been CEO for years and there is still no production. Why buy shares Einstein?
Can the great “Mr” Mikey do anything without screwing it up? And you temerity to suggest that buying now is good?
Hey Einstein, the real Einstein said ‘Insanity is doing the same thing over and over and expecting different results’.
Whenever someone buys the result is the same. More bad news, more share price falls. Reduction in opportunities and damaged reputation.
The news today was hilarious.
PF is right. Something should have been announced last week about analysis results. Mikey boy said that before end of July he would deliver results. The reactor ‘broke’ on the 5th August.
We should have heard about results 10 days ago but guess what? We didn’t. Ha ha.
Is this new one just a convenient excuse with Mikey trying to conflate it with his inability to produce results by end of July like he said he would?
Seems like Gravendock might have known about this all through. That would explain why Mikey had to dress up like Oliver Twist and beg for more time before they sold up.
‘Please Mr Gravendock. Please can I have some more time before you sell any more shares?’
AEG is fast disappearing into nothing. He has destroyed it.
You are funny Aladin.
I have never seen or posted on Twitter ha ha. Too old for that nonsense. Full of dodgy people setting up non-official accounts I hear.
So you know about it do you Aladin? How is that?
I did like your "about a year ago, under one of his user names here, he slated Rowan over a number of posts, which were removed... I’m quite sure I know who he is and at least 4 of his user names here."
Yet you only joined LSE in February 2020. But still you think it OK to say "I’m quite sure I know who he is and at least 4 of his user names here".
Are you telling tall stories here? One year of LSE membership but all that knowledge?
You are making it all up.
You are ruffled aren't you? Is it the business or the pressure from on high? Life can be stressy Aladdin.
Untrue made up conjecture won't help.
You said "Shocking behaviour from someone who was once linked to AEG".
Where did you get that fantasy accusation from? Siffle has made the same accusations.
Be clear in your response Alladin. You have said you think I was linked to AEG.
How, when, and in what capacity?
I am sure you like a gamble.
Go for it - just accuse again, but this time make sure you say who you think I am, when you think I worked at AEG and why you think you might know me?
I thought at one point the IIs would get rid of Rowan. Instead Gravendock has shown it wants out. This RNS says it all. The major II has made a deal with Rowan they won’t sell more… unless.
Who was it again who said I don’t know about IIs? Ostriches.
This Gravendock agreement is like a junky telling his Mrs that he will change:
“I know I haven’t been very good at doing anything I said, but I will change. I really will. I know I said I would get £1000 for the rent, but I could only get £8. It is because of Covid. Yeah, all because of that.
And the money I have been paid, yeah, has had to go on important things. I spent it for us, can’t you see? Do you like my new Puffer Gilet? Double Diamond has got one in blue.
All those failed ideas that never worked. I was just unlucky. I know what I said, but I wasn’t fibbing. I really meant to get something done but just couldn’t manage it because I am useless. And there was Covid, yeah, there was Covid.
Don’t leave. I need you to believe in me. I won’t let you down, honest. Give me year. I will turn it round, I really will. Don’t leave me, pleeeease.
I will be all I said.
If in the year I can’t get straight then, yeah, go before the end of the year. If that’s what you want, then yeah. I won’t let you down.
We need each other.”
Grovel.
Bye Bye Mikey.
Still making it up I see Stifle.
I did not say the delivery was 8 tonnes. I asked you to clarify your statement and say whether the delivery was the full delivery or the 8 tonnes people were saying it was yesterday (and today).
At no point did I say it was 8 tonnes.
I asked you to clarify precisely because I do not know.
That contrasts with your statement of 13th June. It is worth repeating:
“The first order of coalswitch was delivered we await the test burn results”
That statement was categorical. There was certainty that coalswitch had been delivered.
So I ask again. Why did you state the coalswitch had been delivered 13th June the day before the official announcement via RNS on 14th June?
How did you know?
If you had prior information about that then you can tell us if you think the delivery was the full order or just the 8 tonnes that people have been talking about.
I said no such thing Stifle.
There is no point making up posts I did not make to justify you telling the board that the coalswitch had been delivered.
Posts I made before your declaration of coalswitch delivery were about the failure of Lumberton and the ability to build something quickly in Maine.
Soon after you stated on 13th June that “The first order of coalswitch was delivered we await the test burn results”, I asked how you knew.
You did not answer.
In another post I went on to say that if there was an RNS the next day, Monday, about the delivery, then “we will all know you are what many of us think you are.”
At 7am the next day, Monday, there was an RNS about coalswitch delivery. Coincidence was it?
So Stifle, I ask again.
How did you know that “The first order of coalswitch was delivered…” and why did you think it OK to say so on a bulletin board before an official stated from the company via RNS?
You clearly knew something others did not.
Tell us more. Was the delivery the full amount or the trifling 8 tonnes most people are now believing it is?
Stifler gave us the answer on Sunday 13th 11:38 June this year.
He wrote:
“The first order of coalswitch was delivered we await the test burn results.”
That was just before midday on Sunday 13th June, and a day before the RNS announcement of the delivery. Stifler was telling the message board the coalswitch was delivered to Hunter.
His Sunday 13th June post needs repeating repeating:
“The first order of coalswitch was delivered we await the test burn results.”
Hey Stifler, was the delivery you talked about the 8 tonnes we know now, or was it the 900 tonnes all investors were led to believe?
You were certain there had been a delivery. Did you know it was only 8 tonnes?
Been there Stiffo. I know the answer to that. It is a yes. You have been ridiculed by your handlers.
Best to just retire your name now.
Good news is that Sister Rowan is still drawing close to £100k per month. Rejoice that the Sister can afford to carry on her missionary work.
Then on top of that there are the other life-stylers who are taking far more.
What a perfect lesson in how to sweat a useless lump of metal for personal gain.
Anyone fancy a placing to ‘help the company’?
I am sure Gravendock will be in for another few £ million.
Ha ha. Maybe Sister Rowan and Double Diamond could lend them some of their investment back.
The CEO ‘economical with the actualité’?
Surely not, no.
Och, heaven forfend. It canna be so Capt’n.
Say is isn’t true. I can’t bear it.
I like the way you are refusing to acknowledge posts you made that have been removed. Ha ha. Good form.
Screen shots seem to keep old post alive funnily enough. :-)
I think I've got it – Mark Broomer. That is who you think I am!
When you called me Mark the ex-Director, it seems you were referring to a person who actually did work for AEG in the past, though he was not recorded as a director. Careless accusation.
How do you know about him Aladdin? He was around these parts in 2015. Been here a long time, same job?
Aladdin, why have you accused me of being an ex-director and addressed posts to me by the name ‘Mark’.
What is it you have against Mark Broomer, the ex-post holder of corporate communications? I am getting to rather like him.
Still no answer to my questions is there about who you are making the accusations about ex-members of the aeg.
If you really have problems with Mark Broomer you could try talking to him on mark.broomer@active-energy.com
That was his email address when he worked for aeg. The company is so rubbish you can probably still get him on there.
It’s good to talk. Broom broom.
You’ve been exposed – get over it. I have.
There you have it guys.
All the talk about me being an ex-Director called Mark but then stop short of anything but those false allegations.
Now the childish name calling because you have been caught out making false allegations and now look stupid.
Aladdin, your "But we all know who you are…. Yes we do RB, we all Know who you are are" is my current favourite.
The use of 'we' is a giveaway. If you were a private investor who posted on this board you would have said 'I' instead of 'we'. ha ha.
But you didn't did you? You can't possibly know what other posters know could you? Unless, oh yes. ha ha. You are not good at this are you?
Go on, tell us how you could possibly know what they know. You are not all the same person by any chance? ha ha
You accused me of being an ex-Director called Mark the other day and now you are saying 'we' know who you are. AEG have never had a Director called Mark, but who cares when you are just name calling, eh?
Companies House (gov.uk) record no current or ex-directors of Active Energy Group with the first (or other non-surnames) of Mark.
Accusations from two posters on this board that I am an ex-director called Mark are false.
Whoa, Guys.
Your accusations are false.
Ha ha - very funny. Make false accusations about who people are and then make up things they have said.
Your ramping desperate. I presume RB is me and PF is PacificForce. Guess what, we are not the same person but you can't believe more than one person can say this company is rotten can you? Whoever Scout is it looks like he thinks the same. ha ha - lots of people who think this company is going nowhere.
That is because it is a complete failure.
As for the 'Mark' accusation. Whoa - what a classic. An ex-Director you say@ I will check out who that might be. There can't have been too many Marks.
What is this when you said:
"..and you felt inclined to tell all your stories about Rowan and AEG."
What stories would they be then that I have told? Tell the board where to find them.
I am sure that the ex-Director who you think I am would love to see what you think he has said and where.
He might be a little peeved by it all.
Just leaves links - then we can see what stories you are telling everyone about.
Nothing honourable about him.
Pro Chamberlain, pro appeasement, pro Empire.
Be careful of the company you keep and the ones you call sir.
How did that headline go? ‘AEG will not be involved in a successful operation this year or the next year either.’
It was something like that.
Just been reading a blinding post from the poster called Seattle posted a few days ago:
“Now the seller has stopped we should get a rise back to 1p , particularly if we hear the PacifiCorp test went well and the US quote goes live .”
But the seller hasn’t stopped has it? And there is not a mention from Rowan about test results is there?
That was not a ‘they haven’t they stopped’ but an ‘it hasn’t it stopped’. There is only one seller here that matters.
Still no response to my questions the other day Stifler? Any chance of clarifying your rudeness and wrong accusations the at 3am the other day?
You accused me of being an ex-director which is not true. Why have you not responded to my questions asking you to clarify?
Your familarity with Maxiboy today was a giveaway:
"Why would Max be involved in a failure ?" is what you asked. No answer to that.
For your information Stifler, the new person at the trough is not ‘Max’, he is Mr. Aitken. Hasn’t Seattle taught you anything?
There was a three-line whip imposed years ago; Mikey Boy is Mr. Rowan.
Please show the same courtesy to Aitken. He is a person with the sword of truth and the trusty shield of British fair play behind him. What is wrong with that? Ha ha
Whoa and wow. What a share price debacle.
This is getting serious guys. The share price hit below 0.5 territory this week but the whole day of posting was about random nonsense trying to deflect from the street the company is up.
A coordinated ramp is an easy spot, so next time try a little humility. Easily read. Amateurs.
I have enjoyed the posts today. Not up to your usual standard, but pretty good.
Could try harder.
Wow Stifler.
False accusations and rudeness and even before you clarified your past false accusations and rudeness.
I always thought you were better than that.
Whoever Scout is they have got to you.
At 3am on Saturday morning you posted: “You will never be involved in the company again. You know that. I am protecting my investment. Jog on pal.”
It is a pity you have not yet clarified what you meant. Here’s your chance.
What did you mean by “You will never be involved in the company again”?
Are you suggesting I was involved in the company in the past? You made an accusation some weeks ago that I was an ex-Director at AEG. Quite who, exactly, do you think I am?
You wrote “You know that” so there is clearly an individual you have in mind to be so direct.
What did you mean when you said “I am protecting my investment”?
What a strange thing to say. Why would a private investor on here say such a thing? You are a private investor, aren’t you Stifler?
You wrote “Jog on pal.”
You clearly don’t know me at all. I would never jog; cars were invented for a reason. Broom broom.
Meanwhile and counter to what you say, there is no evidence that the seller hasn’t stopped selling.