Member Info for Tatty99

What he's saying is we need some potential customer to commit to a pre agreed price in two years time before we start building a FOAK. WTF?

Someone said is this a time to buy? I think its time to say bye bye.

If I was a potential feedstock supplier or a potential hydrogen customer I’d be asking the question WHEN is this system going to be up and running?

PHE bid should be giving regular updates on these “projects”

JV with HUI in Konin

JV with HUI in Longford - payments made to HUI

South Wales TEC - presumably now paying rent for the lease

Protos - how the new full ownership is facilitating progress

And the mysterious claimed and denied “agreement” with National H2

6m sold at 0.65 showing after the bell. Doesn’t look good for Monday open.

Newmont or a buyer may decide Havieron is too expensive to bring into production relative to the POG and other available projects and decide to mothball it and invest in other more cost effective schemes, and come back in future if POG improves significantly? Ultimately it will all be about the numbers and I can’t see Newmont caring too much about jobs at Telfer. Just a thought and I hope that doesn’t happen. I just fear GGP would really struggle to get this into production on their own.

Shell closed down two hydrogen fuelling stations at Gatwick and Cobham due to lack of demand. I suppose locations will need to be carefully planned!

This is all well and good but it does not make the FOAK happen any sooner. I don't know what the White family make of all this malaise and stunning lack of progress. I can't imagine Howard just sitting back and twiddling his thumbs.

I'm struggling to find out more about National Hydrogen and the quoted director Richard Allen, without paying fees to various Australian info sites. But reading news reports and information on their own website, the business is solely claiming/intending to roll out Powerhouse DMG systems across Australia and Asia. Already claims to have a 'technology agreement' in place with Powerhouse (who have already completed a feasibility study), a supplier of 'free' waste plastic and also an offtake agreement for the hydrogen produced. Is this either a highly ambitious business or a scam? I'd like to find out more about who's behind this company and their business track record. Has anyone else managed to find out any more details?

I don’t think this statement is strictly true.

“Powerhouse’s technology is one of the world’s first proven, distributed, modular, hydrogen from waste (HfW) process”

Surely it’s yet to be proven a) at scale and b) on a distributed modular basis. This is the whole point of building the FOAK!

Hydrogen production not expected for another 2 years. Still need to raise the finance to build. Sounded like nothing is going to be built until waste supply contracts and off take agreements are in place. Seems they are doing everything to avoid/delay building the FOAK.

Piltick yes they did Mar 31st. Thanks. I was thinking we might get something after the Peel deal announcement.

I see this includes reference to National H2 who recently announced plans to build a Powerhouse DMG in Western Australia. I’m surprised PHE have not commented on this yet.

Meanwhile I see that HUI mcap is now lower than PHE (29m v 35m). Don’t know what it means, other than a change in value perception maybe.

Ok. Now for the next Protos update “in due course”, we need clarity on the FOAK build timeline please.

If no positive news comes out of PHE after this current deadline this Saturday, I fear it will be years, if ever, before a DMG gets built. I do sometimes wonder if shareholders are more enthusiastic about getting the first system up and running than management! If not tomorrow we should get some kind of an update on Tuesday.

:-(

There may not be an RNS about Peel deal until next Tuesday as the last RNS said the deadline had been extended to Saturday 29th April. Not sure if no news is good news since last RNS!

This is certainly interesting. Talk of the UK first waste plastic to hydrogen plant. Where have we heard that before?! Perusing the FusionOne website, the way their HydroPlas system is described it reads equivalent to the DMG process. They do have one demonstrator system in Michigan but nothing commercial as yet.

Difficult to work out who has the upper hand in this. Could either party walk away from the PHE FOAK build? Hopefully not. There should be an RNS on May 2nd if not before.

While the PHE RNS contradicts the statement that agreements have been signed, news on the National H2 website reads like it's a done deal if finance can be raised
https://nationalh2.com.au/national-h2-will-build-its-first-plastic-to-hydrogen-plant-on-west-mundijong-industrial-estate/

I looked up West Mundijong on Google Maps and noticed by coincidence a nearby community named Whitby. Whitby residents near Ellesmere Port have just won their campaign to prevent Hydrogen being fed into their local gas supply pipes.

Still curious to where the DMG location plan would be as it doesn't look very industrial.

Blimey. Really should be an RNS today.