Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
A nice holding JR ;)
And let's not forget that Howard was/is also working in Asia, we are aware of Thailand, South Korea, Japan and Indonesia and I wouldn't be surprised to hear something about at least one of those territories before the FOAK.
A high portion of the relevant companies in the UK and Europe are well aware of what we have, I would say in most part thanks to Howard and his team, and are just waiting for the Foak before they place their orders with the relevant licensees or become licensees themselves.
As we get closer to the Foak we could well see a stampede of companies vying for territorial licenses.
Cheers Mark.
For anyone interested, on the 5-6-2017 PHE announced a collaboration agreement of up to £500,000 with an unnamed UK partner, later to be identified as Peel.
The RNS announcing that PHE had signed a Heads of Terms with Peel for a 25 year lease for a plot at Protos for the FOAK was released on the 18-12-2017, 3 years and 5 months ago. At this stage Peel were not the developer.
The lease agreement was eventually signed between W2T and Peel for a 124 year term on a 1 acre site at Protos for the FOAK on 10-04-2019 with W2T being the development partner and responsible for raising the funds required.
Peel were still not the developer of the FOAK.
On the 12-08-2019 PHE announced a collaboration agreement between themselves, W2T and Peel to seek to develop a minimum of 10 further sites in the UK for DMG facilities.
Peel were still not the developer.
On the 23-12-2019 PHE announced they were in negotiations to buy W2T.
It wasn't until the 11-02 2020 that a supplemental agreement was announced between PHE, W2T and Peel to allow Peel to become the developer of the Protos FOAK and a further 4 sites.
Peel have now been the developer of the FOAK for 1 year and 3 months, just before a global pandemic.
On the 04-03-2020 the all important granting of planning permission for the FOAK was announced.
Did someone recently accuse someone of fake news????
When considering the population of both Greece and Hungary, 10.4m and 9.7m respectively, I think that £250 is a fair license fee even if it covers both countries, as the licensee doesn't have the potential total DMG's as a country such as the UK where the license fee is £500,000.
The fee that really matters is the annual royalty fee which remains at £500,000 (or Euros) per annum, although this may be reviewed based on project (potential) profitability. Maybe we will go back to the royalty fee of 20% of gross profit after op-ex.
Hi Piltick, yes that was the case for the project that W2T put together, they were to take Enviroo's reject plastic. I also recall that W2T had made contingency plans should Enviroo fail to deliver, I would assume that Peel will have similar contingencies in place.
Well, no surprise that some posters wish to take a negative stance on the Tim Yeo Sharetalk interview.
Here's a couple of positives, at 8:13 Tim highlights the point that even before the first plant at Protos is completed 'we expect to be under construction in other parts of Europe'.
We are aware that HUI hope to complete their first DMG in Poland at around the same time as Protos but if it was just Poland he would have said Poland, so I take it that other parts of Europe mean more than just Poland before the FOAK is completed.
And we also know that the next two in the UK will also be in progress.
At 8:45 Tim emphasises that once the FOAK has been shown to work, then due to the modular design of the plant it can be built at scale very quickly and PHE's ambition is to have plants rolling out in the UK and elsewhere.....not just in tens but in hundreds.
This would support Tims previous estimate that by 2030 there could be 5,000 DMG units in operation worldwide.
Oh and at the end Tim confirms that PHE will not be sitting on its hands once royalties are rolling in, they will be continuously developing the DMG to increase throughput, thereby not only making it even more profitable for operators but also speeding up take-up.
An exciting year in prospect for investors.
Hi Roadrunrr, no the share options aren't free-gratis, they are in lieu of payment in cash for services rendered.
Hi Piltick, my recollection from the 25t/d unit was that 1 tonne of CO2 per day was attributed to the actual gasification process, due to the syngas used for heating the kiln. I think this was alluded to by Tim Yeo in his webinar the other week.
Of course this will have probably increased a little but still probably less than 2t per day, due to the increase to the 40t/d gasifier.
Hi LedZep, you're right I could have explained it better.
What I meant was that the revenue from 3t/d alone is greater than 2t/d + waste + electricity, no matter what the electricity generation reduction is.
Ideally it results in higher revenues but it also gives latitude to adjust gate and power revenues if required.
As a point of interest, 40t of waste plastic at £80/t, 48Mwh at £70/Mwh and 2t of hydrogen at £7.50/kg equates to £21,560 per day.
3t of hydrogen at £7.50/kg equates to £22,500 per day.
This means that there is now so much more latitude for DMG operators, where there is a hydrogen market, to adjust waste gate fees and electricity fees lower if needs arise, whilst still maintaining acceptable profit margins.
Sorry Speedic but that's a decision that only you can make.
Hi Bob, conversely, I don't believe for one moment that you have any connection with PHE, other than as an enthusiastic LTH.
And I am neither worried nor bothered that you jump in to answer questions; in fact I am pleased that you do as it potentially saves me doing it and you are so much more eloquent than I.
There are basically two types of people in this world, those that frequently complain and seldom provide answers and then there are those that seldom complain because they prefer to find answers.
So, please keep up the outstanding work Bob and thank you for your hard work.
Thanks Envision.
A very timely chat with DR to bring us up to speed.
Interesting that Australia are at a similar position to Poland.
Hi Bananaman2, in last Thursday's presentation Tim informed us that they had third party analysis of the DMG's negative carbon footprint and they will publish it soon.
Hi Dr. A, yes of course, I missed the ITM/Linde connection as I don't follow ITM as much as I used to do.
Either Linde or Thyssenkrupps would be an outstanding vote of confidence in our tech.
Also, don't forget that Dave Ryan has historic links with Tyssenkrupps.
Thanks n888, that is interesting, Linde didn't come up on my 'engineering company' search's but it certainly fits the bill really well.
I'm looking forward to finding out who the “very large engineering company, a German one with a lot of expertise in gases” , is that Tim mentioned in the webinar, bearing in mind what an impact collaborations have had on both AFC and ITM.
I don't think it will be Siemens or Bosch as I can't find any link to gasses but Thyssenkrupps and BASF look promising, with EPC Group being an outsider because their gas side looks a bit niche.
Does anyone else have any thoughts on who this company could be, maybe our German and Austrian friends might have some better insight.
Javbri, frustrating yes, concerning no. It is very unlikely that any serious building work will start before financial close is confirmed.
Yes, we have slipped a little but in the grand scheme of things it will make little difference.
Don't forget, PHE will be ordering the long lead-time items such as the kiln very soon, maybe before the end of the month.
The progress in Poland that Tim Yeo divulged on Thursday evening is very encouraging. The first Polish unit could be up and running within the same expected time-frame as Protos. This is really good as we now have a race to be the FOAK.
A 5,631,366 buy went through at 17:03:13....nice!