Member Info for stokey12

I have read the assumptions on which Align Research have made thier valuation. I am not sure how valid those assumptions are. As an example it is assumed by Align Research that once 101 units have been built no more will be built. I would find that unlkely. Also it does not factor in the use of Hydrogen as a fuel or any of the income form the international deals. Does anyone have an alternative view on the current valuation of he company?

andreww128 - Could you enlighten a simple soul like me what would happen if sirius was to get a fuuly funded stage 2 so are able to continue to production?

Thanks for this. Does anyone know is the MTS build ahead of schedule?

ChazC - If does I will do a topup

Freddie2 - Building on what Fred16 said in her post of 09.00 and Myosotis in his post of 09.34 as well as others whether you consider the current share price a steal depends on your view of the value of the company and its future prospects. I an looking forward five years by which the company is projected to have an operational mine. At that stage my holding would be in profit. If as most of us assume the share price goes into the £s then buying a share at 30p or less would be a steal.

Desertwolfch - Your 8.01 post explains why contacts at the local government level will be important. Bearing in mind that Powerhouse effectively only has two people who can attend external meetings the question is how to make best use of them. While we are still in the EU we should use the time including the implementation period to make contacts and get agreements. Also we need to find ways of engaging local authorities. Before anyone mentions it I have not forgotten about W2T.

Interesting if not already a member this is something Powerhouse should be a member of.

Cranleigh - Further to my 16.39 post I have come across this article which seems to support my argiment that a novation would be necessary. https://www.out-law.com/topics/commercial/supply-chain-management/transferring-supply-chain-contracts/

Cranleigh - As my company law is slightly out of date I am willing to accept what you say. I was working on the assumption that as on a takeover Sirius would probably cease to exist the contracts would cease to apply. I think it would as you say depend onthe wording of the contracts what would happen on a takeover.

Jesse11 - I am of the belief that there is inlikely to be aany takeover bid before production. The reason for this is even if they could find the money to buy the shares which will, after the premium to the current share price needed to persuade the shareholders to part with their shares, be around $2bn you will need to complete the mine. Also there are the existing TorPs assuming that they can be novated then I do not see Sirius doing that for nothing so you will have to pay extra to get the existing TorPs novated. If you decide not to novate the existing TorPs andy prdator would need to show how they would service the debt needed to purchase Sirius. There is also the not unimportant issue should it be necessary of shareholder approval.

I was reading the annual report and accounts for the year ending December 2017 and two things stood out for me. Firstly, under the terms of a collaboration agreement from June 2017 the first five G3 units have been effectively pre sold. The strategic partner is getting priority on them and will determine where they will be sited. We therfore know that Powerhouse has that income stream. Secondly, reference was made to grant applications which should give rise to additional income next year if granted. This grant income should reduce the amount of money that will need to be borrowed.

So proided that the Local Council can get its fingers out and grant the necessary permission then next year looks like it will be a good year.

Does anyone know how many suggestions of possible business opportunities have been forwarded to the company by shareholders. This week I forwarded the company's details to Hackney Council in London as they are keen to reduce their carbon footprint and we have the Nikola opportunity. These opportunities if they are converted into agreements seem to have the possibility to generate significant sums.

98889 - Have you shared this with PHE as it seems like a good way to jump start commercial operations. Perhaps a deal can be made for development funding in exchange for a preferential deal on G3 units.

Thanks for this. I think the concern is that none of this including the distribution agreement for Bulgaria and Romania, see RNS of 14 April 2018, have yet led to any revenue streams. So the appearance is that W2T are being paid for underdelivery.

Sharesport - Thanks for this I agree that the contacts would be useful but is there a case or renegotiating the terms?

I was reading some old RNSs and noticed that the current agreement with W2T ends in January next year. To date, I will be corrected if I am wrong, W2T has not concluded any agreements for the deployment of a DMG system. This begs the question should the agreement be extended on the same terms. What do other people see are the benefits of the agreement continuing.

Nokesa - The provision of the guarantee would be business as usual and not dependent on a sucessful exit from the EU. It also amounts to the bare minimum that HMG can do to support a project that would bring in significant tax revenues.

bobminor - Thanks for posting this.

Superleggra - Can I just confirm the he you mention is the Minister who was responding to the debate. I do not suppose he mentioned spending any money supporting SXX.

Did the minister say anythintg of interest in responding to the debate?