Member Info for testpack3

The 'stand out' schoolboy error from this incompetent BOD was the SPV which, not only gave a third party the rights to all 'sales' of DMG in UK, but, more importantly, the building of the FOAK. An incredible act of stupidity, which was borne out by subsequent 'lack' of events.

I did mail the copant well before this SPV with, in my opinion, the most logical way forward, which satisfied the major considerations, those being availability of feedstock, a site with planning permission, easy access, and few problems with vehicular traffic. Thses sites are abundant in the UK, and are called Refuse Collection and Disposal sites. Every conurbation has a few of them, some very large, albeit French owned. Veolia would have been a decent start, and still is. It may even have been conducive to putting some of it's own money into the FOAK, and with their Worldwide operation, could have been , and still might be, the way to get a few hundred DMG plants operating. It's a 'win win' scenario.

Unfortunately, this shambles of a BOD do not have the intellectual capacity to see further than their end of month pay cheque.

H2hooo.

Your post was well thought out, and grammatically very correct.

Unfortunately, for you, the use of the phrase pasted below;

'Powerhouse Energy is developing technology that addresses the global crisis of plastic waste, which, if successful, could lead to substantial returns.'.

and in particular, the use of 'if'. This is the whole raison d'etre of the Company, and if the technology lacks in a few important aspects, the whole of your diatribe was meaningless and a waste of your time.

WE have been led to believe for many years that a 'working' plant had been installed at Chester Uni. I believe this was BS.

The World is in desperate need of technology to rid the planet of non recyclable plastics and tyres. PHE has been 'toying' with this for many years now, and made some schoolboy errors along the way. i am still waiting to see any evidence that PDMRs have learned from them.

Ideas. 'Sell the govt 25% for £4M'. hmmm.

The 'Govt' control award of EISA. If nowt happens , sp will drift down to 1p. 'Govt' can then get 25% for under a million. Or wait until administration, and get it for free. If the 'Govt' is truly 'on board' with all the obvious benefits a mine will bring to both local and National economies, it would have done considerably more than it is doing now, which is zilch.

Alfa BTSea returns with a some knowledge, ie, Graham is in Morocco, or was there.! Was this a ' Xitter',? (Twitter must now be binned.) Remember, X, in most languages is pronounced as Sch, which is perfect. I am fairly certain the 'visit, would include wifey, for moral support, and would be centred at a coastal locations, probably on a beach front, to investigate salt water desalination. I am more than certain that the only thing that will transpire from this holiday is a sunburn.

You know who you are.

Go back 12, 18, 24, 36 months, when I and a few others were attempting to explain the problems with the BOD and their 'work rate', and results. Inevitably shot down by the Herd, it was about 3 years ago that I coined the phrase.

Looking at recent posts, The Herd members in the corner with the dunces hat. lol. The only satisfaction I have is that I sold most of my holding some time ago, ie. put my money where my mouth is.

GW62. You say that no-one is happy with things at EML, however, you post reasons why the BOD can't do this, can't do that. You have become the chief apologist for this shambles of a BOD. Of course it can tell us what it is doing. If it has meetings planned with various authorities, what steps it is taking to advance EISA approval. It is not State secrets, Let me give you a clue, S/Hs own the effing company, the BOD work at our behest, and on our behalf. Let it show us.

The one major problem with the co. is the CEO, owner of 90% of issued share capital, and upon listing, decided to own 90% of shares, instead of raising lots of capital by offering them to II's and PI's. The end result was that the company became an interest earning cash cow for him. Every new order requires new something or other, and he provides a loan to cover the cost at preferential interest rates. He is so greedy, that some of the loan can be converted to shares, again, at preferential rates. it's a company solely for his benefit, and has made him very rich. Mission accomplished.

Good to see GW62 is still a leading member of the Herd.

What an observation from him, that the BOD will not issue a RNS on day to day activities, including any comms that may have happened with local EISA authorities. I have already reported from my comms with PFMR's at EML, that only legally required info. will be shared with us. After saying that, the Herd will try and convince investors that everything is 'hunky dory', 'nothing to see here'.

I would have expects a BOD of a listed company, that has already delivered little in the way of real progress over the past 8 years, ie; no shovel in ground yet, to show a little empathy with PI's, many of whom have long suffered . A RNS to the effect that ' we are in daily contact with the EISA Committee, and are putting forward solutions to water supply at site, to include bla, bla , bla.' This is not too much to ask, if true.

Of course it is in the long term interest of BOD for co. to succeed, however, if it already aware from discussions to date, that EISA is unlikely for at least 6, 12, 18 months, then suspend shares, the BOD take an unpaid sabbatical, or better still, CEO resign, and relist when EISA approved. This will also stop illegal trading in shares when/if EISA approved.

Ramone; you stated;

'UK successes here in Germany include: BP (Aral) and Shell'

Name a German OnG company with multi billion $ upstream, downstream revenues.? lol. Tell us why Tesco failed in Germany?

Hillard;

' as we continue to build a robust company'

The guy is obviously in need of psychiatric help. Divorced from reality. PHE is now a lost cause unless Surgeon General removes BOD in one fell swoop.

What amazes me most about Brexit, is the naivety of Ministers and people with 'power' who pushed the Brexit case. It was obvious to most people with some intelligence, and a rudimentary knowledge of German/French/Brit relationships, that if Brexit happened, the alliance of Germany and France would do everything in their power to ensure failure. The worst thing now, would be for any UK Govt to return to the single market, where it would be treated with disdain and rancor, and made to pay a hefty price for being 'bad neighbours'. I'm also amazed at the British publics 'laissez faire' attitude in it's 'purchasing' MO. Germas, French, Italians, and a few other Eu countries would rather cut a digit off than buy British. How many Brit made cars ( including Japanese models) do you see on Eu roads.? A handful. Brit roads are full of Mercs, Renault, etc, etc. The busiest Supermarkets are Lidl and Aldi, booth German. Tesco failed in both Germany and France because it is British, and not used, simple as that. The Brits will buy from anyone as long as the price is right. In the long run, people get what they deserve.

Congrats Mat, seen the light and left the Herd. Founding member Westie left some time ago. It's good to have a sceptical attitude with these type of cos and immature BOD's. I still retain a smaller holder in the possibility that EISA may yet be given approval. That will only leave the most difficult part of the project to do - build the mine in budget. The time element has long since past. I am still hopeful that II's and/or major financiers will ask, no demand, that a more able person be appointed to complete the project than the abysmal failure we have at present.

Pitlick. There are nuclear rectors at Hinckley Point in Somerset, and another one is being built alongside them. Unfortunately financed by China, and being built, I believe by the French. Sounds like 'buy British'. It is several years late, but is still being built.

Straightaim

' at no additional cost'

The additional cost is the £M being spent on SBB which could go straight to SH's as cash.

SeaTank.

'illegally gifted'.

No, it is not illegal to convert Treasury to voting shares, and it is normal practice for many cos to award shares to PDMR's. Probably every company on the Exchange has done it. The company generates 'bucket loads' of cash, hence the SBB, and there is no need to convert TS to VS for any future TO. Cancel the shares and be done with it. There is always a suspicion that the BOD may convert. Will you bet your house it wouldn't ?.

DavidAsh.

The Failures delusional tendencies, was on show once more with the appointment of 'one of the best Geologists', Brian. Brian was an employee of BG, which was acquired by Shell. Shells policy in the integration of staff from both cos was simple, it would hire the 'best', no matter from which company they came. Brian was let go. The Failure employed him.

I did not see the biggest Red Flag for SOU, when at an investor boozing event, Brian was asked how many 'Golden Tickets' he had, and replied 'not enough'. I contacted IR and asked how many, and was told Brian held, zero, zilch. He Lied. I should have sold then. However, in his defence, no matter what he suggested drilling policy should be, The Failure would stick to his own 'drilling' plans', since after all, that's what a bean counter does as CEO.

VH. Last words from me on you. There are investors here who know a lot more about PHE business model than you. Many are invested here , not for the H2 economy, which they see as a bonus by product, but the removal of non recyclable plastics and tyres from our environment, subjects on which you are clueless. Now leave the future of the company in it's own hands, not on your anti-H2 agenda, paid for by OnG industry. Toodle pip, please. You are annoying.

Straightaim.

'The other advantage of buybacks is that they reduce the burden of future dividend payments, as there are less shares outstanding that are due the dividend.'

I don't see the logic in this comment. Let us assume that co profitability remains. sbb's reduce the amount of shares in issue to 1 million. The cos metrics remain similar, and hence MC remains similar, at about £1B, The sp would be a £1000 per share. . Investors paying that kind of money would defo be seeking divis. It's an extreme example, but that is the logical conclusion.

And yr comment t'other day, saying if SBB scrapped, increased divis, you would just buy more shares. Excellent. Investors buying in the open market, creates demand, creates higher SP. That is what we want. QED.

VH. Your opinions carry no weight, either on this board or that of PHE, so, suggestion, toodle pip and not return, there's a good boy.

Exactly Savaloy. Pay proper divis. It is in the back of my mind that BOD might 'treat' themselves to treasury shares as a bonus. If investors take shares in lieu of cash, then only buy back that amount. The BOD has never said what is an appropriate amount of shares to buy back. What is the 'objective' number of shares.?

Apendragon. Following on from your comment that the sp might fall below £10, the best policy would be to sell your holding, at least 50%, wait 'till its sub tenner, and buy then. Makes sense of your convictions.

Apendragon. So, you have sold all your holding then?

Boffin. There's a problem with Thermal Plasma process - The feedstock is Methane, which has a large C footprint in its extraction. $billions are being spent on H2 production from non fossil fuel sources. What we are waiting to see, is if DMG actually does what it says on the tin.