Member Info for TheAnalyst_

Simms - please rewatch the investor presentation

David Palumbo will not be placing any shares while there is such a discrepancy in MCAPs between EQT & similar competitors.

I'm pretty certain that there will be no placings until we reach what David sees as FV. Wherever that may be is anyone's guess, but I would hazard a guess that it's at least 80m - 150m in today's market

May 2018 - 0.3 to 0.75 in 1 week

June 2018 - 0.56 to 1.2 in 1 week

Totally agree sja.

Welcome & good luck to all new holders, safe to
Say you guys are getting in at bargain basement prices here!

Indeed stokey. Still that key customer dependance but not concerned at all by it.

By all accounts there really should be nothing holding these back now. With EQT, if the seller has finally gone then a jump up to a similar MCAP to PHE is on the cards.

Both companies are primed to do extremely well in their fields, but it’s safe to say EQT has a huge move in front of it just to arrive at the start line....

Gspanner - share away! Also, I need to respond to your Friday post, will get round to it later today mate

Stoked - no disparaging comment intended. I also have both. I should have explained better, from both RNSs today my personal interpretation is that EQT are now beginning to generating revenues from multiple sources with PHE less so. I summarised that any delays in PHEs revenue would mean a Potential Q4 placement. Therefore I’m thinking EQT has the stronger cash position right now. Sorry For the confusion.

For the record, I’ve been in EQT for a couple of years & in PHE since December as I see the potential in both. Im delighted with the progress in PHE and see them as the benchmark for EQT.

I think at present they should have similar valuations.

The upcoming loan dates.

People expected a placing & dilution here. This is no longer the case. We now have a clear pathway ahead from debt obligations.

Additionally, we have brought in north of 5 million already in the last 6 months & are forecasting to bring in significantly more, therefore we are currently operating self sufficiently.

Take any negativity with a pinch of salt, people have missed their entry & looking to get in cheaper.

PHE are now in a worse cash position than us.

EQT, if people hold tight, will rerate over the coming month, with contract news on the existing pipeline, especially Billingham, EQT should be in the MCAP range of 100-150m. Significantly higher with anymore large contracts

No worries Sims - Equally, it’s good to get the questions out as I’m sure you are not the only one thinking these things.

You are spot on about the previous 2 regimes. Disastrous for the company.

I think now, finally we have a management team in place who can deliver the commercial & technical asks

The negative side for me is the overhang of the previous 2 boards & the selling we have had. Once this clears (hopefully it has) it will move very fast.

Thanks for the chat & good luck

Hi Simms,

To much on a Friday evening for a detailed reply, some brief notes:

Altair can invest further via the SPV route David discussed.

David laughed at a placing at these low prices. I got the
Impression he wouldn’t be adverse to it, but way in the future when we are where he sees as fair value.

Cash inflows in the last few months are, 2m + 1m + 700k +800k + 150k + 300k (from memory). David has also mentioned EQT still have plenty headroom in banking facilities. He has also discussed strategic investors replacing non strategic investors. He is the MD of Origen Capital, a private investment firm, with deal making being listed as one of his main attributes. He is currently selling Premiership potential at Sunday league prices.

You can weigh this all up & decide if it’s a good fit for you to invest in.

Warrants & contractors : Altair have a load. Won’t be able to exercise to breach 30% limit (I think).

Contractors: 80m. That’s nothing on high volume days. When this company is fashionable trading volumes are huge.

Other warrants - All down to at what price these are exercised, however, they have an expiry of late 2021 so given the confidence most LTHs have here I would hazard a guess that less than 10% are exercised this year...

Happy to expand further on that or anything else mate, just not on a Friday night

PHE MCAP reached almost 80m today.

EQT sitting around 10m.

Therefore, EQT SP would be ~2p to compare to current PHE levels.

Kammi - I’m in profit now, however, I’m not even considering selling.

I’m hoping you will see your 1.5 in the next few months. Good luck!

Razel. Exact same with me. Been averaging down for a while.

Ian Price really cost this company & it’s investors a lot.

I have loved how David hasn’t said much, but when he has it’s been intelligent & impactful. A much needed change after the prior 2 regimes.

Regarding the potential here, I think the rise in PHE is an excellent yardstick. In 2 or 3 contracts time, with any residual selling having long ceased, I see no reason to be behind PHE

Lenlenlen

Agri-food & industrial waste streams, typical size 2-10 MWe

Revenue: ~18m over first 3 years project rev + 8m over 10 years O&M

Biomass Energy Recovery plants, size 2-10 MWe, ~13m project rev + ~7m O&E

RDF projects, 5-20MWe, ~40m project rev + ~9m O&E

Hence, Billingham is an absolute monster. Look at revenues then PE ratios for this industry....

Hi,

If any potentially new or existing holders have any questions on anything to do with EQT please reply to this thread & I will do my best to answer them.

I’ve been here for a long time, I own almost 2% of the company so I’m as up to speed as much as I possibly can be on things.

Cheers guys - Enjoy the weekend

Almost 200k in late trades mate.

Nice rise today! High volume. Would love to end the day at the highs!

If we can close above 0.33, there is pretty much zero resistance to the 0.8-1.1 level. Hit that & we will have PHE style momentum. Any news at that point & we are 3-4p.

That is not even a ramp just look at PHE.

If we can close over 0.33, this has the potential to have a higher MCAP than PHE.

If anyone is tempted to sell, just do some proper analysis on PHE & compare the companies.

Don’t be daft people this could simply follow PHE, look at them, they have 20 bagged since December. EQT have better tech, but being held back by the selling.

Palumbo has cleared the decks here, the hangover from the previous 2 regimes is just about done.

When this goes it goes people, just wait for the bang!!

Firstly, PHE, WOW! > 10 bagged since December, & counting! Brilliant

Now, on to EQT. Back of a fag packet comparisons

For EQT:

more mature tech, various feedstocks with proven results. Ever increasing pipeline, >11k operational hours in Moavise

against: now on 3rd leadership team. First screwed the funding (SP from 5p to 0.3). Second couldn't deliver a single project & unrealistically ramped the company at any opportunity. (SP to 1.8 then new lows).

The previous 2 leadership teams have clearly caused EQT to be positioned well behind PHE. There has been a continuous churn of shares, switching between non-strategic to new strategic investors, along with the churn of 50%s from the placing.

However, this must be approaching the end. We now have a top man who can do both things his predecessors couldn't. We can finance the company, we can now successfully engage with lenders to help finance projects and finally, we can reach financial close on projects.

PHE is the yardstick for us. When EQT finally holds a rise (a close one 0.33 should do), then this will fly. If we get a contract RNS from billing ham then there really is no reason to have a MCAP < PHE.

It's coming people, its most definitely coming.

Welcome Len. I’m thinking the same. Good luck!

Hopefully something good comes from Billingham RNS. I was in the same position with PHE last year, that came good. I think this will as well.

If not Billingham, then Greece, if not Greece then France....we have several others waiting as well so I’m hopeful we get a financial close soon

After that sky’s the limit, just look at May 2018, a repeat of that & im a happy man, on both companies!