Member Info for Tatty99

I like your optimism Loads! If HUI build a working system in Ireland next year I promise to kiss the Blarney Stone (look it up) in thanks. If they build a working system in Poland next year I’ll travel to Jasna Gora and light a candle to the Black Madonna in gratitude.

I would say buying PHE shares is definitely not an investment until they have a proven commercial DMG earning income. Until then buying PHE is purely a gamble. And it’s a kind of binary play. Either it works at scale of it doesn’t. Most shareholders have bought shares because they love the idea of what the technology can deliver. Helping rid the world problem of waste plastic and using it as fuel to produce Hydrogen (or heat or electricity). What’s not to like? PHE need the right people to make it happen. They owe it to the loyal shareholders.

From what year is this case study?

So now we know the main reason for the drop on Friday. Disappointing Peel couldn't be bothered to fight their case. They probably think building flats is an easier option and probably quicker than waiting to build a DMG. What a mess.

44m vs 38m. Interesting times.

Down 40% in a month. Merry Christmas.

The problem is the competency of the current management. Granted they have inherited the issues of previous management, but investors are wholly reliant on these folk to make this happen. I’m not surprised it’s proving difficult to recruit a CEO. At this rate of progress PHE need a magician. Frustrating for investors who desperately want this technology to succeed.

A very interesting and shrewd move. I do believe making HUI shares more accessible will certainly benefit the sp short term. Meanwhile more positive news on plant developments would also be welcome.

The Peel UK exclusivity was raised at the AGM and it was stated that this was something that PHE would be discussing with Peel to try and break out of it. If so, when how and at what, if any, cost can be added to the news flow queue.

The Peel UK exclusivity was raised at the AGM and it was stated that this was something that PHE would be discussing with Peel to try and break out of it. If so, when how and at what, if any, cost can be added to the news flow queue.

Keith Riley was very clear (at the AGM) when he stated that no work would begin on building the DMG Protos system until mid 2023 and then only if they can decide on which of two engineering contractors are in the frame to build it and also agree and secure the necessary funding. Why these things take so ******g long is a complete mystery to me, but I fear all speculation about sooner timescales is fruitless.

I suspect this will be back down to 1p or less by the end of this month. Absolutely nothing seems to be happening. At the AGM Keith Riley assured us that communication would be better. I also asked Paul Emmit why he did not hold any shares. He said he was heavily involved via his company Engsolve but that's not quite the same us it? I would expect all directors to be shareholders or at least options.

One important quality of the PHE DMG system is that the system only requires external energy to get it started. Once it’s up and running, so to speak, some of the syngas being produced can be used to provide the ongoing energy required to keep it running. The continuous waste plastic feed effectively becomes a fuel as well as a resource.

This newsletter doesn’t really report any significant building progress overall at Protos.

Although it doesn’t yet show on LSE Hui have announced a switch to an alternative sire in Ireland for their first build. Some progress but nothing looking likely to be built for a couple of years or more.

Can’t get it to work? Outlook not good.

At the AGM I asked Paul Emmitt if the demonstration system at Thornton Science Park had been used much this year and he said it had an very recently too. Mainly for testing different feedstocks for interested parties. Worth noting Paul’s company, Engsolve, has an office at Thornton so is investing resources in developing the system. It was also suggested that the reason for the demo system being relocated is not specific to PHE as there are other future changes to Thornton overall planned.

If you read the report carefully McNair does not refer to the plant as an incinerator but does raise concern about the hydrogen. The protestor quoted still thinks it’s an incinerator though and bangs on about waste being burnt. Seems like everyone needs a lesson about what the proposal is, what the risks are and how any risks are mitigated. Something PHE, Peel and the Glasgow planning dept could address via a community meeting.

13.44m additional shares issued to pay a third party for financial advice get admitted on 17th. Maybe that is having an impact. I wonder who the third party is and what they actually did for their £1M+ fee?

Interesting read. CPE seem to be heavily into marketing but don’t plan to have an actual first site/system up and running until 2024. Same inputs, but different outputs to DMG.