Member Info for stokey12

I am not sure of the rationale behind the strategic arrangement unless it is the precursor to a full takeover bid.

John4242 - In opening the debate Anna Touley the local MP made a plea for HMG to get behind SXX and provide funding.

Piltick/telephoneman - Thanks to both of you. I copied in PHE to my email to Hackney Council so they are aware of the possibility. The ball is now in Hackney's court and it will probably end up being a question of economics.

I also forgot there is also the possibility of persuading the Council to convert its fleet to run on hydrogen. As most Councils in London are Labour controlled there is also the possibility that they would follow Hackney's lead.

I know that W2T has an exclusive agreement covering the UK but how exclusive is it. By that what I mean does it preclude PHE as well as everybody else from marketing the DMG system? I ask because one of the cabinet members at Hackney Council has said he will look at PHE in relation to a plan for a green energy company. If an agreement can be made it would possibly be a lucrative deal as it could include most of the waste that goes to landfill. The population of Hackney is around 300,000 plus. How many houses can 1 ton of Hydrogen heat?

Telephoneman - Thanks for this if it can be managed and the timelines seem to be in sync it could be advantageous for PHE. This would especially the case if they can then get London Councils on board.

Jackid - I think there was a positive piece in the Yorkshire post as well.

can the DMG technology be used on other types of waste. I have just emailed one of the cabinet members at Hackney Council as they want to start their own energy company. I suggested that they look at PHE as it could help reduce the amount of waste they take to landfill. It made me think can it be used for paper, metals and textiles.

InsanityBeckons - It may be me in my ignorance but I view this as possibly a positive. My take on this is that where the person who hold the short is closing his position is connected to one of the many parties invloved in the stage 2 finance they may have heard a rumour. This would imply if it is correct that some people are expecting the price will not fall lower but may be about to go higher.

Do you have a correspoding figure for people holding long positions has that gone up?

A bit short notice but if anybody is in London they might find it of interest. https://www.eventbrite.co.uk/e/is-sustainability-good-for-business-tickets-50956542390?aff=Personal

Cherokee - I note that the RNS both September and today say that bthey will not seek to go above $3bn in senior debt. It leaves open the question which was posed by one poster What if they are offered more than $3bn in senior debt ?

SXX-Pound-Party - I see Glencore being more likely to be a Strategic Partner mainly for the reason you give. They are more likely to agree if they are assurred that they might get some additional benefit from it. In the budget mention was made of a special economic area. The RBT and Bran Sands are likely to be in or close to it. Also if Ben Houchen can get his finger out and make an application under s.100A of the Customs and Excise Management Act 1979 to the Treasury it would help.

AudibleEnergy - It is worth noting as was pointed out at the time when the CEO exercised his options he made an immediate loss. He could have saved his money by buying the same amount of shares in the open market. That vote of confidence in the company by the CEO was one of the factors in me not selling any of my shares when they went into profit. Clearly if the CEO is willing to purchase shares at a loss he must be confident in the future.

Going forward I suspect he might be looking to external funding where it is apropriate. In this regard I note that in the budget reference was made to technology funds.

Myosotis - After all the money spent on Jansen I do not see BHP getting shareholder approval to spend even more billions on another mine, especially one that would compete with Jansen. I think if there is any circling going on I think it is to see if stage 2 is pulled off. I still maintain that a takeover is unlikely for the reason given in my post yesterday.

SpruceGoose2 - apart from the cost of buying out all the shareholdrs and that will not be cheap. Also there is the cost of completing the mine build. One other factor which I briefly touched on in my 13.05 the novating of the existing TorPs. SXX could quite reasonable say these TorPs will bring you £3bn a year at peak so if you want us to novate them you will need to pay us xbn. At that point I think most possible buyers will run a mile as they would be unlikely to getb shareholders approval.

Jesse11 and Milothe3rd - I am of the contrary view in that I do not see a takeover offer being made before the mine is built. The reason is simple economics. The current Mcap is £1.1bn on the 60p a share price Milo suggested that would give you a Mcap of around £3bn. That is just to buy the shares. On top of that you will need to complete the building of the mine which will bring you to about £4 - 4.5bn. Assuming that all the TorPs can be novated you will still have to wait for two - three years to see any income. If the TorPs cannot be novated then you will have to service all this borrowing, again assuming that any buyer did not have the cash available, from your existing business. I would be very surprised if shareholders would agree to such a deal.

that it will not be long before we have skier1 on saying how the share is going to go to 10 - 15p.

Has anyone heard if anything useful came out of the EIC event yesterday?

PAAA - Can HMG spell logic let alone understand it?

Jqnewcastle - In response to your 11.08 post the table you are relying on shows the market at 2020 ramp up to 13mtpa is not until 2023/24 with the ramp up to 20mtpa a few years after that. If you factor in projected population increase then an increase in the total market to support the ramp up is likely. Also if you go back to the presentations on the website the ramp up is based on a total market of 100mtpa so Sirius is aiming for a 20% market share of a relative new market.