Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
it's not only a case of who 'pays their salaries and bills', but more importantly, ' shareholders own the ******* company'. the larger shareholders are companies holding nominee a/cs, other large holders, no doubt, are enjoying cosy chats with the bod, and , since they appear not to have disposed of large chunks, are being told the same bs as us, ' lots going on in the background'. i am, of course, the eternal pessimist when it comes to bod's, i can pin some hope on this bod succeeding, in major s/h's, have not, as yet, deserted the sinking ship, even though the cruel sea is lapping around its port holes. even some pi's are onboard, with buckets, manning the said port holes, returning whatever ingresses, roaring, as they do, 'nothing to sea here'. c'mon, it's not bad for a friday, 'nothing to sea'.
Stophe, you are quite wrong in your assessment of 'outsourcing; and 'design engineering'.. What is common, is that if a company needs a plant built, it sends blueprints to a a company to build it. eg White Star line sent Harland % Wolf blueprints to build Titanic, HnW did not design it. Design and Build contracts, involve the third party designing individual elements of the plant, based on the customers requirements, and either building it themselves from blueprints it prepares, or outsourcing the construction. PHE should have, because it is their FOAK, thermal engineers, mechanical engineers, who define the thermodynamics of the operation, such as temp. and pressure, anaerobic considerations, which are the factors which PHE provide on how to achieve them, and are the most important part of DMG. PHE should be providing a blueprint of the plant, and only need a engineering constructor. If what you say were correct, PHE is making the same mistake it did with Peel, putting the build of a FOAK in the hands of a third party. Schoolboy management, and it will be punished again. When PHE sell DMG plants, it will have to provide engineers to commission each and every plant. Providing their own, will be considerably less expensive than 'outsourcing' them.
Castlepaul posted this;
'Petrofac will provide engineering design and supply chain development services on Powerhouse Energy projects.'
This is alarming. So no one at PHE has any idea about the thermodynamics of gasification, and wants another company to design the DMG plant. This was the problem with the Peel Agreement. Gasification is real science with an anaerobic reactor. DMG plant has been built and worked, allegedly, at Chester Uni. wtf is going on .
VH. I quite enjoyed your technical posts on the failings of H2 as an energy source. I have an opposite view and expressed it. There are many better qualified people than you and I who know that H2 is the fuel of the future. You state your only reason to post on here, is to 'warn people'. Ok, they have the message, now time to move on. My concern is if EQT ( and PHE) have the necessary technical expertise with gasification. PHE made a schoolboy error with outsourcing the build and design of the FOAK. That was 2/3 years ago, and only in the past month has it realised the error, and cancelled the agreement with Peel. Many 'good' things need to happen at EQT, and to date, it's not promising. I invested early in both companies, since removing plastic waste from the environment, safely, has to be a money winner, with the bonus that there are valuable end products, H2/syngas, char. I am disappointed EQT has put waste plastic on the back burner ( apols), and is focusing on biomass, albeit with 'energy' still as a product. It is often the case with AIM that news flow is more frequent with better run companies, for obvious reasons, with the opposite also being true.
Parsons Poodle has to. again, mention his old sparring partner. The Failure, for the 'hard groundwork' done prior'. When no. 1 disciple was given the nod to sell by The Failure ( don't insult us crude by saying that's not true, he told everyone it would make a tenner, and you sold at 90p, yeh ). Let me remind you what that moron did, he 'sold' the company to a private company that had no money. He purported to be a bean counter, and he never checked their balance sheet. You and he must have had great giggles at us fools during you 'booze n foodfests' at our expense. Please go and annoy the Coro and Echo boards.
GW62. I mailed Sue in Investors Relations re; 'No AGM statement', 'Any discussions', and received the reply
' The Board is only obliged to publish results of Resolutions.'
In keeping with its track record of Mushroom Management.
I think the BOD knows that there are always investors on BB sites who will toe the Company line and invent scenarios that 'behind the scenes' things are moving at a pace. Cue, 'Herd'. Mat, you are a founding member, along with the other Chuckle Bro. BTW. You filtered me. lol. And Mat. it must be time for you to pay up and visit your 20 yo, 30 yo 'girls' to exercise your 'johnny rotten'. Have you lied about yr age to them? You are from Dagenham I believe?
Remember; ESIA can drop at any time, no warnings will be given.
Typical Herd member posts from ATD, Mat, Westie, strange Alpha is quiet. Their posts can be encapsulated in 'nothing to see hear', 'no news is good news'. 'It's all going on behind the scenes', Great comedy reading. And naturally, their opinions are the only ones worth reading. Pose a question to any one of them, and they have the 'get out of answering anything card', you're filtered. lol.
It is obvious to sensible people, who can think, that the Company is bereft of ideas of how to overcome the problem of ESIA. It is not because of keeping info. secret, since the utilising of 'foul 'water was released. My nightmare scenario of no rain before Nov this year may have been optimistic. El Nino has arrived and it's effects in Africa are expected EOY.
Ideas mentioned no upgrading of FS has taken place. For anyone interested in how a pro company keeps investors informed, in the same business, and almost parallel in development, take a look at HFR , ASX website. Upgraded FS, mine construction flow charts, mine development flow charts. It would be better however, if EML BOD viewed this. Suggestion GGG, Westie, when next in contact with BOD, suggest this to it.
Please do not be influenced by the disinformation from VH. H2 is the most abundant element in the Universe, and has a massive place in transport. The HFC market for cars is in a difficult phase, for 2 main reasons. First, customers are reluctant to buy because of sourcing refuelling stations, secondly, Motor mfrs are slow to get on board because of lack of demand as a result of first reason. Chicken and Egg. Also motor mfrs have huge profit loss from HFCV cf ICE. ''Build it, and they will come''. The question for us is 'will PHE be part of it'. Swazers is a buddy of the fraud anomoly, and their record of ramping and subservience to PHE, HUI PDMR's is only good for the comedic value. PHE need new, vibrant Mngmnt with technical expertise. Gasification of plastics is real science.
Good post ideas, although the penalties for any Company to disregard any of the 'requirements' raised, are never enforced. ( to my knowledge).
Most of us are aware of 'any information that will affect the share price must be notified by RNS ASAP. Or words to that effect.
I do think any investor in AIM shares must have a healthy dose of cynicism. The timing of any 'market sensitive' information will always be such as to maximise the dealing profits of BOD friends and family.
The one tranformational change for me from '22 to '23 is no posts from Aandii on either 'huge pipeline of orders' and 'research note' Thanks. Keep the good work up.
Another huge change that is needed is the majority of BOD, out.
It should be stressed that the primary reason car FCEV sales is so poor, is the price tag. This is down to the cost of the FC. Multi layer Proton Exchange membranes are not overly complex, but are expensive owing to the present use or rare earth metals.
This cost will reduce with scientific advancements. FCEV have obvious advantages over BEV, weight and distance. In the USA, tests are being done on bridges to evaluate their integrity if majority of usage is BEV's. This is a Republican led exercise who is in the pockets of Big Oil. The advantage of EV over ICE are too numerous to mention, especially FCEV. The major one is obviously pollution.
H2FC for all other methods of transport is overwhelmingly a positive.
Is PHE up to the challenge to be an environmental Crusader by safely disposing of waste plastic and tyres, with an end product of Syngas/H2. The progress to date suggests not. This is almost certainly a leadership problem.
BTS has been promoted to alpha in The herd, mainly thanks to the 'recommend' by the previous incumbent westie. The alpha has now reverted to the 'primary' reason for no ESIA, no water, reservoirs are only 25% full. It has been this way for some time, and EML BOD have no idea how to overcome this. Drought has been a problem for 2 years, and BOD has been aware of this ( we hope). The Kingdom is going to need Noah's rainfall to alleviate this problem, and this is not going to happen overnight. We can now surmise from alphas thought process, that the ESIA is a long way off, possibly a year or two, or even longer, in the absence of significant rainfall. Morocco has now entered the dry season ( not a good sign), and if the expected rainfall between Nov and Mar fails to materialise, as last season, then if agua is the reason for no permit, a long wait lies ahead. When do options to mine expire?
Of course, all this is speculation by everyone, in the absence of commentary from BOD. Again Herd mentality excuses the lack of comms from the BOD in the alpha statement;
'The trouble with saying "they need to get some news out" is if it isn't confirmation of the ESIA then it's really not that newsworthy at this stage & holders will criticize them for it..
Really.! BOD is getting plenty of stick now, even from some Herd members, and I suggest a commentary on the what is being done to ameliorate this situation is wanted rather than not.
In a nutshell, as an investing strategy, if one believes that H2O, or lack of it, is the reason no ESIA, the sell now, because it isn't going to rain until at least Nov, and then the ESIA will not drop overnight, and buy back in when you have your mobile on 'flood' in Morocco.
This is not investment advice, do your own research.
VH, thanx for the reply, and apols for the wrong nationality. People have been called worse things than being German.
We shall have to disagree on the future of H2, but it was good to see you are in the environmental camp on GW. Nuclear has many detractors, but with new generations of Advanced Nuclear design coming to the market place, it will have a place in Global Energy.
The incompetence of the BOD of PHE has made it a laughing stock with me, and I suspect many investors.. The technology can work, and as previously stated, the prime mover should be the safe disposal of waste plastic, and tyres, with a profitable byproduct. DMG compact size can be installed in a variety of situations, preferably near a feedstock source. The big question is, I suspect, for many investors, 'can this BOD finish the job.'?
Forget the comments ( oh, you have) from Swazers. He's a very hurt boy. None of his charts work, and like Trump, he accuses everyone of all the things he is. He is a total incompetent.
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This is generates most of their profit. Tesla have cars with a million miles on their electric motors with no servicing. Of course, suspension, brakes will need servicing, but not major costs. EFCV have no gearbox, clutch and the whels are direct drive. What's not to like. For petrol heads, it's the lack of 'grunt' JCB has mfrd it;s own H2 fuel ICE, with promising results. Either Honda or Toyota are developing a H2 ICE, The mfrs will not go down without a fight, They still want to retain the 'expensive' servicing and spare parts of ICE.
Finally, GW deniers ( mainly OG vested interests, such as Republican lawmakers in USA who receive personal cash amounts to 'expand- the industry' ) need to be asked one question. 'What if you are wrong'. The answer is an inhospitable Planet, on which the human race will likely not survive. Run away GW. If GW deniers are right, and we do spend $trillions on restructuring all our energy requirements, we will have clean air to breath, no lung damaging particulates or carcinogens. Can they put a price on that.
I did not mention the Holy Grail of energy production. Dare I say it, oh, please, dare, dare ( apols to Blazing saddles), Nuclear Fusion. Not this decade, or next, but will come. There will not be a facility in our 'backyards', but transmission will be less of an eye sore, and more efficient in 2, 3 decades, and all wireless..
We can only hope that PHE BOD hs sufficient acumen and drive, to make DMG a working reality. I see the main plus of DMG as the means to remove the mountains of non recyclable waste plastic and tyres from our environment. Syngas, H2, char are profitable end products. For those of you who got through all of this, thnx.
It would be remiss of me not to mention that the contributors mentioned, all highly educated with Doctorates, Professorships, did not have the need to express that in their aliases, it was evident from their musings. Thanks.
VH, I have to get this in, as a sour kraut, your written English is excellent. I would point out one error, which many native English speakers make, and I know will help you, It is 'lose', not 'loose'. The latter is ill fitting, the former is not to retain ownership. GL, and get behind H2, you know it make sense.
Pge 1)
Excellent posts by H2h000, synxs and VH.
I believe VH has an agenda. Whenever I read articles against fossil fuel alternatives, a little digging shows the authors are OnG industry related.
H2 is expensive to produce. We are familiar with steam reforming methane process as the cheapest source of H2, but with a massive C footprint. This footprint is being lowered by use of C scrubbers and other methods, but still has a large footprint in extraction and distribution. The most favoured process is electrolysis of water. ( there is RnD at present, and showing good results using sea water as feed stock). Detractors point to C footprint of Solar and Wind generation. The life span of wind turbines and solar pnels has been put at between 20-30 years. This will only get better with new panel materials and vertical wind generators.
H2 is expensive and dangerous to transport. The argument is a fallacy. Every country on the planet has access to electrical generation. Ergo, every country on the planet can produce H2, and can produce it near to it's where it's needed. Only a relatively few countries have OnG reserves. There is a large C footprint, and dangers, in both it's extraction and delivery to point of sale. Then add costs, and C footprint in the amount of concrete, steel used in construction of extraction operations, refineries etc. Of course, with DMG, a plant can be literally 'on site' where syngas and/or H2 is required. The storage of H2 in populated area is well known. Ask Air Liquide ( I believe now owners of Brit Oxygen.).
Thermodynamic considerations. Again a red Herring by VH. As mentioned by aforementioned contributors, both energy density and volumetric energy density of H2 compare very favourably with FF's. .
As previously stated, any electrical supply can provide H2 where neede. Other sources of green electricity not mentioned are geothermal and hydro. Not every Country has mountains and dams for the latter, but under every Country is a thermal source, some deeper than others. It is only money that stops this from being a renewable source for millennia.
HFC have so many advantages over ICE, there is no time to mention them all. The present cost of HFC in cars is prohibitive because of it's high proportion of the total selling cost of vehicle. It will be noted that several high cost marques have HFC options. An crucial factor in sales of HFC cars is lack of refuelling stations. This is a classic 'chicken and egg' conundrum. The case for HGV's, buses, trains, ships, aircraft is totally different. The FC cost is relatively low cf cost of item. All of these modes of transport have Depot refuelling., and in many cases could produce H2 'in depot'. Within a generation or so, it is possible that ships will be mfg H2 in situ from sea water.
The motor mfrs have ben reluctant to embrace H2FC as a power mode. This is financial. They have an extensive Worldwide presence of franchise based dealers and spares suppliers.
A prime reason why options are taken up now is tax consideration. I believe there will be a tax liability on the 'profit' attributed between the option price and the prevailing price. As of today that is 1.25p ps. EML now has PDMR's with upwards of 30, 40, 50 millions shares. Naturally, this only makes them rich if the company succeeds. Be aware of any PDMR share sales in near future. Interesting that Graham said 50p a share for his millions held. The FS he had in his hands a few years ago would equate, at full production, and ore prevailing price at time, to a much higher MC than c£500M.
A few of the Herd , toward the end of Q1 were confidently forecasting ESIA by end H1. They were not keen on being drawn into .'when will you start to panic'. It's only 3 weeks to end of H1, so no need to panic yet. However, I would seriously suggest that if no ESIA by EOY, panic mode should be set at 'full'. Between now and then, if no ESIA, there will be 'bargain basement' for Herd members to fill their boots. The 'upside' at full production, is you having your full investment returned 2x a year by way of divis. Get bigger Boots.
2)
ted only transformed. The main argument put forward by detractors is the cost of producing H2. This will fall as innovation and RnD gather pace. If GW is a reality, then it is only a matter of time before Nations realise there is no alternative but to follow a H2 based energy economy.