Member Info for Simms45

Need to bear in mind Italy was able to refinance for €2.5m as bank was satisfied the plant was operating as expectee in December 2023 and its early issues have been down to 3rd parties. Obviously not great but lessons learned. Idex have placed a huge dollop of credibility lining up Eqtec in the start of dozens of plants in France. Same in United States. I also remember that Eqtec tech having been proven in small projects was able to get insurance that guaranteed a level of return. We have wood group and many others hitching their train to the Eqtec wagon. We need to move past the mess of DPs rose tinted specs and now focus on delivering Croatia, France, Greece, US and other projects around that world that are in play.

Looks like 40p is now in sight. I remember the days of 40-50p some years ago. Whether the burst of afternoon trading is Calibre shareholders buying in advance or simply an article pointing out the obvious that we are massively undervalued on any measure i dont know. What i do know is the buyer will reap billions of profits over the life of the mine given the crazy AISC. Why Jim and MC after 12 years hard graft gives up at the last hurdle maybe we will never know but i suspect they are regretting that decision as gold continues to climb ever upwards.

Personally would not want to be out over a bank holiday weekend. Hoping for news tuesday maybe? Lets see if Calibre or the Chinese strike it rich and win the prize.

If anything material had changed Condor would update the market so its pretty obvious he cannot speak to anyone just in case he says more than he should. The very fact his responses are technical says everything. Looking forward to seeing the stock make a hefty rise on annoucment of sale on or before results. I suspect very very very soon.

I based the £600k covering overheads as we have barely drawn down any more loan and we had little to start with. We have been told revenues are rising so i hope with Idex £15m penciled for early 2025 and other works leading to this we are in a better place. They have reduced overheads by 20% so i suspect we are all square or they need to trim a bit more fat. Lets hope the £2m comes in from Logik and prey DP does not come up with some plan to throw it all at Southport as not heard anything about that one in nearly 2 years so just hope CFO is going to sit on this money and make sure we target profitability to revalue shareprice back to £50m. At 3.5m its just madness to raise cash especially if we get the £2m, which looks likely in June.

Looks to me this draws a line under the bottom as the revenue generated so far is all services so will have covered overheads. The outlook will look a lot more impressive once we get equipment sales plugged in. Drawdown on the loan is minimal but there is no news they are planning to drop Verde although the subscription price is now 150% higher than current share price for most of it. Eqtec should wait for Logik £2m to clear, hopefully in next 4 weeks, and then kick Verde into touch as Verde is only investing £1.5m so when Eqtec did the deal with Verde it would have been on the basis that Logik might never happen so better to wait to see outcome and put Verde in the bottom drawer. i am also not very trusting of DP as most of his strategic investors have been selling into news. However i am a lot happier that Eqtec will deliver and the market cap today is nonsense. Full trading update will give a lot more information on all projects as this was a bit thin on the ground but does draw a line under Italy that it is now fully operational and operating as it was originally expected so we can park 2023 for Italy as a dry run. hopefully future projects do not suffer the same issues but this is looking a lot more promising.

Its very hard to fathom all the shenanigans going on withb Deeside, Southport or Billingham. Obviously all canned but we do still have some equity in these projects and sunk costs. Last valuation was £15m in 2022 so we dont know exactly what the price is. Shame Eqtec are not part of this as that was the whole point but i understand that up to 2022 we had expected to invoice £2m for services so this is almost the belated payment. The twists snd turns on all these deals all seem to make Eqtec worse off however. Not entirely sure DP is the deal maker he made out to be as he has a catalogue of investing our cash and then finding it very hard to get it back. Trusting fellow. However todays market cap laughably low but DP must make sure he stops further dilution and investors selling into news. I doubt he will ever accept responsibility but in time i do hope to see a strong recovery.

Good to see exchange has happened but i suspect market will react when we have £2m in account. Logik already played games with us once so you never know. Buyer is supposed to be top tier investor so hopefully Logik got a non refundable deposit to help ensure Completion and solicitors will not release funds to Logik until Eqtec gets their cut. As i understand Logik will get around £15m so sadly while Eqtec did most of the work we are only getting a proportion of our original investment. I would hope we can kick Verde deal out as we have too many “strategic investors” offloading into news. At some point these bucketshop investors will be cleared and we can start the long climb back. Will certainly help financial results. Just need to churn through the sellers until we get back to those investing for the bigger picture.

There is a good chance the sale price could come up to around 60p if some predictions are correct and possibly as soon as this month so we will have to wait and see. i notice Calibre have hit an almost 3 year high at $1.6bn and only last month extracted $100m cash so they are flying high and have close to nearly $300m cash. Condor is now pocket change for Calibre if they do secure Condor, unless the Chinese walk away with the prize. i expect some brinkmanship between them both that could help maximise the value for Condor shareholders. gla.

Great to see this level of volume and to push through the churn. Plenty of dry powder left for the next investor so the more we can free up the quicker we can push on to 40p. A new month will start the final push before the deal is announced. Gla

We will find out tomorrow if Deeside is sold and we get £1.7m or we will get £2m thereafter. Logik seemed confident the land sale would complete. i suspect not but Eqtec will need to update about this in the final results.

"completing on or before 30 April 2024, Logik will pay the Company a settlement sum of £1.7 million within the next business day following the date of completion.

If the sale of the Land completes between 1 May 2024 and 30 November 2024 Logik will pay the Company a settlement sum of £2 million within the next business day following the date of completion. If a sale of the Land does not complete by 1 December 2024, Logik will be liable to pay to the Company £2,000,000 not conditional upon any sale of the Land.

The Company has received confirmation from Logik that the Land is currently in the process of being sold and that the proposed purchaser is funded by a global investment company. Further, the Company has been informed that all elements of the transaction have now been agreed and the funder is seeking final sign-off and confirmation at its internal committee meeting in the coming days. Logik expects that the sale of the Land can complete shortly thereafter and possibly before 30 April 2024. The Company will make a further announcement as and when the intended completion date is confirmed by Logik.

W

In fairness they cannot communicate any update given the commercial sensitivity. We might only need to wait a few more weeks and we could all be put out of curiousity who is the buyer and how much. Yes the sales process had been too slow but so too has the pog rocketed and made a difference to both the sales price and the number of possible interested parties. There has been a lot happening since they raised the flag and mostly in our benefit. If they took first offer 15 monthd ago i am sure we would be furious and maybe just maybe the price now will be accepted and if many bought on placings are in a good place.

Certainly good to see TSX volumes grow as that could indicate more Canadians thinking that something is about to happen or could just be an arbitrage opportunity as the gap between UK and Canadian price is a little wider than it should be. Onwards and upwards.

Way things are going another consolidation might be on the cards :) but seriously we have had no news while Verde plays cat and mouse with DP and Logik could be selling Deeside and surely that should be known by now if that is concluding. Only news we hear is on linkedin and we stand st £3m market cap? Northfork is literally switching on. Seems to me as if DP is almost not wanting Verde to proceed or something odd. Maybe they dont want to update as share will spike upwards. Something strange is going on. Be happy when i see the final results as it should be the change of momentum we are hoping for.

Looking very strong. We know Condor stock is held pretty tightly so few more of those and we will hit 40p. Pretty shrewd investment frankly as they could double their money in a short space of time, certainly see 50% return at lower end. Certainly hope the maximum eait now is a month but could be any day as annual results has been delayed pending the sale so they cant hold it back much longer and obviously expecting to tidy everything up in one final blaze of glory :)

If we can hit40p then we move into all paper takeover offers as an acquirer csb sell in a 50% premium and i suspect 60p gets the Jim nod. Really up to us shareholders if we want that.

Good to hear. Was getting worried you were selling out from your messages and possibly missing out on the final multibag dash :)

Hope you have not sold too many of your Condor holding in the last few weeks Seingred as we must be into the homestretch. Maybe just a few signatures left. We will see. Upside is looking very interesting and personally the biggest win for PIs would be a JV where we keep our shares in the company as then we would probably allow Condor to head for £1+ but if its all paper from Callibre they will probably quadruple over coming year and then get taken over by a bigger fish so would be happy with that and maintain some exposure to condor through them as being exposed to producers last 12 months has been the place to be. Explorers will probably start catching up this year as M&A takes off.

Well done. Could double again making for 4 bagger. Worth bragging about!