Member Info for stokey12

OldRascal - You are the second former SXX shareholder to post today. Fred16 was posting this morning. If all the old SXX shareholders come over the price might appreciate a fair bit.

muscorum in relation to your 13.51 post I think what I was referring to is that as Protos was going to be the first commercial site for a DMG unit perhaps it would have made more sense to use a site that was not so close to a RAMSAR site.

Manabouttown - In relation to your 07.39 post I was in a meeting and have not had achance to respond earlier. Can you point to any post from me that has accussed anybody of trying to do a smash and grab raid on PHE. What I was doing in my post today was to point out what I saw as a serious error of judgement by W2T which may have caused delay in PHE having a commercial DMG unit available. I would correct one thing in that post. The RNS I had in mind was the June final results RNS in which it states 'The Ellesmere Port site that PHE agreed directly with Peel will be maintained as one of the potential locations. The planning and permitting application material for this site is completed, however our customer considers the Protos site offers immediate significant commercial benefits. ' If it is the case that the customer refered to there is not W2T fine I have done them an injustice. However if the customer is W2T then my criicism is justified.

Feel free to skip over and ignore my posts if you do not find of interest.

Fred16 I remember you from when I had shares in sirius I bailed out at a loss when they started having problems with the stage two financing I was going to buy back in once stage 2 financing was sorted. In relation to PHE if you go to this link https://pa.cheshirewestandchester.gov.uk/online-applications/applicationDetails.do?activeTab=documents&keyVal=PY18AUTELF400 and download the planning statement if you read from page 13 onwards yu will get a good understanding of the process and technology. Also if you look through the RNss there are two in relation to broker research you should read both of those. That would give you a good semi independent grounding of the company.

I see your husband has not killed you. Although I susect you may need to go through another thirty years of I told you so.

sharesport in relation to your 07.55 post that was my point. Both Peel and PHE wanted the first site to be at Ellesmere Port which had planning permission and the necessary permits. It would have been just a question of building the DMG unit. In that case PHE would probably be generating an income from the unit by now instead of still trying to get planning permission.

Elrico in relation to your 19.15 post of yesterday without W2T PHE would probably have a working DMG unit at Ellesmere Port. I think it was in the Collaboration Agreement RNS where it was stated that PHE and Peel wanted the first unit to be at Ellesmere Port but the customer who I presume was W2T said that Protos was better. This was despite Ellesmere Port having planning permission in place.

My reading of the situation is that both PHE and Peel are finding W2T and the exclusivity agreement a hindrance to their plans to deploy DMG units so want to get rid of both.

Rooky - In respect of your 11.38 post I would most respectfully disagree with you on whether this RNS gives W2T a better hand than they had previously. The effect of this agreement as I see it is that they have relinguished the exclusive UK development and marketing rights for 40% of the license fee that PHE will get. It is not clear if they would the same 40% on the other six DMG units. Having surrendered the rights to Peel if PHE comes to an agreement with company C on my reading they get nothing whereas before they probably would have got somethng.

Rooky - Thanks I have just double checked the acqusition RNS and it has raised an interesting question. The justification for eh acquistion was that it would allow the development and marketing rights to be inhouse. Does today's RNS now mean that that justification no longer applies. W2T no longer have the rights they are with Peel who will transfer them to PHE. If the acquistion does not go ahead either because the negotiations breakdown or the shareholders vote it down will Peel be persuaded to transfer the rights to PHE as originally envisaged.

Another ambiguityy is whether Peel have exclusive or non exclusive rights. if it is the latter then what is the incentive for shareholders to approve the acquisition as PHE can reach agreements with other companies. Under PHE's current model a waste management company would make significant savings on landfill charges if they use a DMG unit. Therefore, it would make good business sense for a waste management company to enter into an agreement with PHE to take their waste.

I agree with the general consensus that the RNS is a positive development. The subtext I am getting is that Peel are not pleased with the progress that W2T is making and feels they are slowing down progress. They are therefore trying to take them out of the picture to speed things up.

In the RNS there is this sentence 'In this context, due diligence and negotiations for the acquisition of W2T are proceeding.' The need for due diligence I can understand but it is the reference to negotiations that puzzles me. I thought that everything had been agreed so what further negotiations are there?

98889 In relation to your 07.42 post I am not sure you are right. Depending on the actual wording of the agreement W2T may be losing more. If they have relinquished the rights totally then PHE can enter into agreements with other companies without having to pay W2T

Yellowf1 you may wish to read the RNS again it is five sites.

yellowf1 In relation to your 19.59 post I suspect that it may be the shareholders circular that the lawyers are working on.

In relation to revenue I did a quick google check and the current price for Jet Fuel is $1.58 and according to the Velocys website the unit is designed to produce 20m Gallons a year that would give an annual revenue at today's price of $31,600,000 (£24,444,654). This is the gross revenue from Immingham only. There is a difference between feedstock coming in and the maximum that can be processed of 620 tonnes. (See my post of 11.13 on Saturday.) The cost of sending this to landfill means to just cover the landfill charges including tax you would need a gate fee of £42. While this gate fee is less than the landfill charge it does not cover the cost of transport to the landfill or markup. The current MCap is equal to the projected gross income from Immingham and based on these figures is about what the current value. I note however that the company as a whole is loss making.

In relation to when Immingham will become operational this depends on when planningpermission is granted. If the application does not go to a Planning Inquiry then we should get permission by Q3 this year. However if the issue does go to a planning inquiry then we may not get planning permission until next year. To covr both eventualities I would expect Immingham to be operational in 4 - 6 years.

Yellowf1 I would observe that the funding is mainly from the US Department of Defense. Also I believe they have been at the same stage for awhile without progress. I have doubts over the technology.

This seems to show knowledge of electrolysis which is used by ITM. What is needed is for the PhD students that PHE has sponsored to publish their thesis and provide academic support for the technology.

Wolveshaveeyes - In relation to your 12.11 post the issue with end of life tyres and was certainlythe case with a large dump which could be seen from the sky is getting the tyres to a disposal facility. Hopefully if the extended producer pays principle in the environment bill going through Parliament is extended to tyres then this would give an incentive for the tyre manufacturers to take responsibility for disposal of the tyres.

Myrtleman - In relation to your 11.58 post I have just checked and the next two planning committee dates that the planning application can go before are on the 4 March and April 1. This application is highly unlikely to be done by delegated authority as there are objections. In view of the hold from Highways England the most likely of those two dates is April 1.

So fuel cells were down and EfWwere up?

May I check the knowledge of people on this board on a couple of things? Firstly on reading the planning statement at pages 18 and 19 approximately 1,650tpd of feedstock will be accepted. (see step 1) The gasification unit can process around 1,030tpd (see step 2). What happens to the difference?

Also can somebody point me to any information on anticipated revenues and costs as I would like to see how profitable this project is as I would be looking for income growth.