98889 - Further to your 15.31 post I do not recall any specific period being mentioned but would expect to be referring to year end position. The H1 results in September would give an indication of whether this would be the case.
LongTerm74 - I see that your assessment in your 13.45 post is inline with my thinking. As I understand what DR said at the AGM the consultancy is supposed to cover operational costs. I wonder what the market has priced in?
PHE will publish the interim results for the 2019 FY towards the end of September. If they show breakeven or better then we might see a spike in the share price. DR has been saying that PHE will wash its face. However, if they show a loss then the SP might take a hit. What is everyone else expecting from the H1 result?
RE: Will DMG units be mass produced?19 Aug 2019 09:26
Piltick - My understanding from what has been said reviously is that most of the parts needed are off the shelf items not specifically designed for the DMG unit. It is therefore more cost efficient to have the items delivered to the site than manufactured at a factory then transported to the site.
During the various discussions last week references were made I believe by 98889 about the need to build a plant. I do not believe that it would be possible to mass produce DMG units using an assembly line. The reason for this is the control box which runs the process is sealed in to prevent the customer finding out how the process works. As the exact controls may vary between different feedstock then you cannot produce the DMG units with sealed control boxes.
I was just looking at the Ceres Power share price ir is at £1.75 a share it has a similar business model to the one being used by PHE and are in a similar field. Does anyone think PHE would reach such a price if so in what timescale.
98889 - You are asumming that construction will take a year if HMG was doing this and the public contracts regulations applied you may have a case. However as neither applies then construction wihtin a year is possible. DR has stated that they have preselected five contractors so once planning permission is granted then they could probably move to construction in quick order.
98889 - I would disagree with you on how long it would take to have the first plant up and running. I am looking at H1 2020 for at least one site being operational. In any case I am expecting to see revenues when the 2019 H1 results are published at the end of September. If I am right then depending on when the frst plant becomes operational we may something appear in the H1 2020 results in September 2020.
Piltick - In relation to your 09.36 post two corrections DR has said 24 customers not sites a minor difference. Also in rlation to my question at the AGM DR stated that the 24 customers does not include any overseas cuustomers. The Spanish customer sounds like a useful one.
Jabberba - I agree with your 07.36 post. As I see it Peel will perform two important roles. Firstly, where a lender is reluctant to lend to W2T, either because they are a private company and the dirctors are unable to provide or becasue the level of assets that W2T has is insufficient to cover the loan, then Peel would act as guarantor. It alo be possible that some lenders required another partner with a track record of delivery. Secondly, as half of the sites will be producing that means that across all the sites they will have a minimum of 10 tonnes of hydrogen a day being produced Peel will be using its contacts to find buyers for the hydrogen.
jgbb123 - If we get planning permission this year then we might see the first plant up and running by spring next year rather than middle of the year. You have to remember that most Institutional Investors such as tracker funds cannot invest in AIM companies. The Institutional Investors would therefore most likely to be EIS Funds which means that they would be investing for three years minimum to get the tax breaks. In that case they would be doing some due diligence and not be particularly worried by the delay in my view.