Member Info for testpack3

WE all know the 'good ol US of A' is the Worlds biggest economy ( as a single country, Eu Union market is bigger) and NY s.E, generally drives other markets. Now the Biden Admin. have passed their 1.9$T relief package, USA debt is about 27$T. The Republican parties main donors, both on the Corporate level, and to individual Reps, and Senators, is Big Oil. Although all of these companies say that they embrace the new 'green deals', in reality, they are fighting it tooth and nail. Look how the price of oil has gained strength over the past 2 months, and green( especially H2 ) stocks have fallen like a stone. No coincidence. Although the Biden Admin. is pledged to be green, any highering of the national debt to finance green initiatives, will be opposed. At the present time, for the green H2 producers, there is no market. The move to FCEV in the domestic market is a very long way off because of the disproportional cost of the FC. There are some expensive , £100K + H2 FCEV's, but only a handful .When we buy BEV's we are still plugging into the mains, and possibly using electricity from a coal or oil fired PS. When are we going to see H2 added to mains NG?. It's been talked about for a long time. Actions speak louder than words. And as EQT S/H's, we are painfully aware of that.

Many investors misunderstand a 'tree shake', and quote it as the reason behind any drop in sp. It is normally used by MM's to fill a large buy order. They want shares, so drop the price, often a substantial drop, to 'scare' some investors into selling. The sp for EML has been consistently dropping for a month now, and is not so much a 'shake' as a felling of the tree.
If there are no malign reasons for the move to AIM ( AIM is less regulated than the main market, and PDMR's suffer less consequences for 'dishonesty'), then there is no concern. I believe the drop is 're-aligning' with the recent offer, and the prospect of no 'material' news for some time. When all the 'ducks are lined up', I would have thought that Project Finance was no obstacle. The fact that we were given guidance that PF would be delivered Q1 this year, and then a finance advisor appointed to resolve the issue, makes me think all is not going to plan on this front.
Oh, and BTW, anyone any ideas on what the 'jolly' to Dubai was about in the middle of a pandemic when people were advised not to fly?

Markrops. The 'build' is straightforward and schoolboy engineering. The modules are pre-fabricated, sent to site, and assembled. Building access roads and concrete plinths, again, requires low engineering. If the Business Model in UK puts Peel in charge of everything, and PHE is in their hands, then there is a basic fault in the model.
Another restraining factor at present is there is no market for the product. Yes, it will remove plastic, a major problem, but where is the product going?

The BOD are keen on informing us on the merits and future of H2. The problem for me, is the lack of news emanating from it about the most important events at Protos. It is certainly not in 'warp speed' mode to get the plant built, when all their energies should be devoted to this. They are not building a rocket ship.

Appendix 2) not 20 . oops

It appears that posters who are questioning the companies motives for the move to AIM, did not bother to read the appendices, this is an extract from Appendix20, which should answer questions.
'As part of the same corporate strategy, the Board has carefully considered whether the continued admission of its Ordinary Shares to listing on the standard segment of the Official List and to trading of its Ordinary Shares on the Main Market is in the best interests of Shareholders. As a result of its consideration, the Board is proposing that the Company should move to AIM for, the following reasons:

• AIM will offer greater flexibility with regard to corporate transactions and should therefore enable the Company to agree and execute certain transactions more quickly and cost effectively than a company on the Official List. AIM will also provide the Company with continuing access to the public equity capital markets should it be appropriate to obtain equity funding in the future. Should such opportunities or initiatives arise or become relevant to the Group, they could entail significant additional complexity and larger transaction costs if the Company were to remain on the Official List;

• AIM, which is operated and regulated by the London Stock Exchange, has an established reputation with investors and analysts and is an internationally recognised market. It was launched in June 1995 as the London Stock Exchange's market specifically designed for smaller companies, with a more flexible regulatory regime. For smaller companies, such as the Company, AIM provides a more suitable market and environment that should simplify the ongoing administrative and regulatory requirements of the Company;

• companies whose shares trade on AIM are deemed to be unlisted for the purposes of certain areas of UK taxation. Following the move to AIM, individuals who hold Ordinary Shares may, be eligible for relief from inheritance tax under the business property relief provisions. The Board believes that this potential relief may be attractive for individuals who are Shareholders. Shareholders and prospective investors should however consult their own professional advisers on whether an investment in an AIM security (as defined in the AIM Rules for Companies) is suitable for them, or whether the inheritance tax benefit referred to above is available to them;

• the Directors expect that the Company would continue to appeal to specialist institutional investors following a move to AIM (such as funds investing in AIM companies that qualify for IHT Business Property Relief) and, in light of the possible tax benefits mentioned above, the Directors hope that being admitted to AIM will make the Company's Ordinary Shares more attractive to certain retail investors. Since 5 August 2013, shares traded on AIM can be held in ISAs; and

• as stamp duty is not payable on the transfer of shares that are traded on AIM and not listed on any other market, this may help increase

So you have been informed, by a fellow S/H, why The Failure ran, but unable to disclose. lol. You stated earlier it's becaise there was no plan B, and an angry S/H mob after him. A couple of points to remind you that again you have no understanding of the position. BTW, is the fellow S/H the No 1 disciple?
First, as the CEO, it is his responsibility to ensure there is a plan B. Wildcat drilling was all down to him, and we were constantly reminded by him, that the area was better in the hands on a 'bigger' outfit'
Secondly, leaving the company does not ensure 'safety' from an angry mob, might even make it worse for him. He left because he effed up big time, and his shambles of the 'sale' to a company with no money was the final straw. He knew his big 'pay days' were over, and since we all know he is a money grabbing loathsome individual, with no scruples, it was time to depart.
BTQ db71, its should, could, would 'have' not 'of' . With education like that, you cannot be taken seriously.

I'm afraid it's another 'jam tomorrow' RNS. There was aRNS a month or so ago, stating that there are 17(?) pipeline projects to be finalised this year. That was 'jam tomorrow' RNS. A Longstop date which hasn't been revealed! EQT may make some investors, or all, considerable amounts of money, but probably not in our life time.? Always bear in mind the maxim for BOD's. It is to ensure that company makes them and their families financially secure. If the company succeeds as well, that is a bonus. I can already hear some posters saying 'how can that be achieved without the company succeeding? First, pension pot payments will be maximised from our coffers. Free shares and options, which can be transferred to family, and then sold, and of course, salary and bonuses. I'm sure most investors on here have been invested in companies which have seen BOD members do very well, and the company not so. But, hope springs eternal, and since most of us are 'greedy', we lack the common sense to sell, and we wait for 20, 30 50, 100 bagger. C'mon EQT, I know you'll do a quid. lol.

The recent purchase included an asset of Berger regeneration in Texas. I believe the asset is a gas fired plant, but have no info' on if it was affected by the big freeze. In any case, revenue was lost owing to grid shutdown. I believe the main problem was freezing of plant. This should not have any capital cost implications. The revenue loss will be small. The final 'signing off' on the contract was done in the midst of the big freeze, so I would very much hope there are no long term implications, except ensuring it will not happen again. Looking forward to rns of 4th Q divi, which last year year was posted on 17 March. The divi. will be adversely affected by the 'strong' Pound. I will make enquiries if Co can pay divi in US$ to S/H who request.

I believe the current thinking on the use of H2 in aircraft is via Fuel Cells. The FC produces electricity which drives a fan. With present technology this is not practical for large multi-engine aircraft. There are small, up to 8 passenger, short range, prop aircraft being driven by FCs, and trials have been conducted on large aircraft, using FC's to power one engine, or other electrical requirements of the aircraft. I believe the big innovation with FC will be to power ships. The H2 can be manufactured on board using sea water electrolysis, and who knows, in 10 years time, a ship collecting sea plastic, a DMG plant on board to make H2? The future is H2.

I believe the current thinking on the use of H2 in aircraft is via Fuel Cells. The FC produces electricity which drives a fan. With present technology this is not practical for large multi-engine aircraft. There are small, up to 8 passenger, short range, prop aircraft being driven by FCs, and trials have been conducted on large aircraft, using FC's to power one engine, or other electrical requirements of the aircraft. I believe the big innovation with FC will be to power ships. The H2 can be manufactured on board using sea water electrolysis, and who knows, in 10 years time, a ship collecting sea plastic, a DMG plant on board to make H2? The future is H2.

fatoomch,

This quote from RNS of 17 Sept last answers your query;

Hydrogen fuelling partnership agreement

TP Group (AIM: TPG), the providers of mission-critical solutions for a more secure world, is pleased to announce a three-way partnership agreement with Vanguard Sustainable Transport Solutions Ltd. ("Vanguard") and Fuel Cell Systems Ltd. ("FCSL") to target hydrogen fuelling solutions in the rail industry.

I'm not on valuations side, but I would just comment to Kenny that a fall of 35% in sp is only a loss if the share is sold.

DBoy posted;
' JP was a fool not to get the Horst into production whilst we was conducting the seismic and geo mapping of the area'

I have been saying for tooooo many years that the last thing an exploration OnG co. needs as a CEO is a bean counter, and not a very good one at that. I always believed in the Licences, and that The Failure had no control of the gas lying therein. I should have listened to myself. lol.

On the point of CV19 'slowing' things down, this is a red Herring. I have my signature registered and can e sign documents. One can conduct a fully operational business in bed, and I know a few girls who do.

Why have PHE not issued a RNS on his important milestone? Anyone any idea?

A RNS was issued Nov. last stating that HOT had been agreed with HUI, but this is an important order.

sorry for off topic, but aaandi mentioned this, and some on here may have money in EQT as well;

EQT order book same as ITM at over £300m*

Hahaha'

No, it doesn't. It has' quoted' for 17+ projects, but has been particularly lax in converting them to orders. Billingham, it's flagship model. is not an order yet. If it had £300m orders on the book, the sp would be 10p+.

I'm still here, but ' flogging a dead horse' is a recurring idiom for this company. However, hope springs eternal. The tax bombshell, is maybe a bridge too far' but every cloud has a silver lining, and is the LNG ( micro) plant, the gift horse not to have it's mouth inspected' ! I'm sure many of us have thought about biting the bullet since future success at this outfit will happen when pigs fly. This has cost me , and others an arm and a leg, and any posters have hit the nail on the head, with comments about - i dare not mention it incase of talk of the Devil. It's possible the elephant in the room, Marco, who has been given the cold shoulder, may get a taste of his own medicine, and it could be blessing in disguise, if he, through his company, lets the cat out of the bag, and calls it a day. Time will tell.

Quote from yr post;
' I'm convinced oil with hit USD100 sometime in the next 5 years. '
As a rough estimate, 50-60% of all oil production ends up in transportation, the majority of that in petrol and diesel. Biden has got USA going in the electric car direction, following Eu , China and other countries. Although it may be 10-15 years before oil demand drops by 30%, it will certanly drop in the next 5 years. The figures I've seen from OPEC and the On G Council suggest an increase over the next 5-10 years. Well they would, wouldn't they, they are somewhat biased. H2 FC will play a major part in HGV, ship, and rail transportation, an Renewable energy will play an increasing part in powering Batteries for EV's. BvB is not standing still, and RDS will embrace renewables and other energy sectors to replace lost oil income. You pays your money you takes your pick. BTW , I wrote something similar on here more than a year ago.

I was in EQT at 0.34, thanks for asking, and 0.9 for PHE. I have been 'green' a lot longer than you, and have posted on LSE extensively about the demise of the oil industry as the push for H2 through FC technology, to power HGVs, ships, trains, aircraft envelopes the world. You are wrong, again. on Ceres Power. I bought CWR at about £2 a couple of years ago. now £15. I bought Ballard Power ( Canadian Co FC mfr) at $16 2 months ago, now $36. And a few potfalls along the way. My point is, I can teach you about FC technology not t'other way round. PHE is a similar case to PPS in as much as it has a MCap divorced from reality. In the case of PHE, it currently has DMG plant under construction ( at least the grounds been broken), and if successful , will open up an order pipeline of several hundred units worldwide, and with a known £5M fee on each unit pa, will give profitability. Nahab has engineered PPS so that it will always be in debt to him, and there's nothing shareholders can do about it.

Many investors are wary of a company that has so many 'order pipelines' but fails to deliver. The 'commercialisation' with Wood Group has been put back at least 3 times, and we await the Feb. deadline with a little angst. Confirmed orders and production make a company, promises are just words, no matter who says them.