Research and notes EQT27 Sep 2018 18:07
Here is a summary and notes from the interview the CEO coupled with this weeks brilliant news of a 10m contract and 10m loan facility
interview link
https://www.youtube.com/watch?v=aoJVfR-_t_k&t=1s
Summary
INTERVIEW: If they stick with us over the next few months - once these projects start to land - we WILL start delivering real shareholder value” (11.34)
More regular news and communication to shareholders (10mins)
INTERVIEW: PROJECTS
PROJECT VALUES – (8min 45s)
SMALL SIZE ie USK AND CITRA = 10m-20m
UPCOMING BIGGER PROJECTS = 50m-100m
RNS 24/9/18 : NEW PHOENIX PROJECT IN USA = 10M
NOTE: Already he has landed a 10m contract with Phoenix Energy but more importantly entry to the $70 billion USA market in waste management
INTERIMS: Wants to penetrate the whole SOUTH EAST ASIA market – one of the biggest in world with UK recently tripling waste disposal to Malaysia in South East Asia – MASSIVE POTENTIAL FOR HUGE BUSINESS HERE
INTERIMS: FINANCING
“As such, we believe that we are well capitalised and do not foresee a need for a placing.”
NOTE: NO PLACING COMING – no dilution
“increased facility will underpin our shift to a near-term focus from business development to pipeline execution”
LOAN INCREASED TO US$10 million – plenty of cash to execute projects and to encourage new partners and contracts to come with immediate execution of them = revenues
INTERVIEW: PIPELINE (6min)
UK - making progress on the UK pipeline
USK - EQT technology will be implemented into this project in the NEAR TERM
COBRA alliance - working on SEVERAL OPPORTUNITIES with them NEAR TERM
CITRA - once government clearance approved on customer side - project execution NEAR FUTURE
NOTE: They are getting primed and ready to execute these contracts in the near term – could be mere weeks when this all gets executed and projects start
24/9/18 RNS NOTE: Within 1 week a 10m contract was announced so EQT near term means news can be released at anytime now
INTERIMS:
NO MORE EBIOSS CONFIRMED – 41% SHAREHOLDING
“Provision of further funding with EBIOSS Energy AD, now a 41.47% shareholder of the Company, have terminated.”
NOTE: No reliance from EBIOSS ANYMORE and so we can put this issue to bed
"The Company secured a funding facility from institutional investors and has renewed support from its main larger investors to deliver on the new focused business plan. Whilst EBIOSS remains a significant shareholder, the Company as it stands is independently financed and pursuing its own strategy."
NOTE: Independent from EBIOSS financially and strategically – no more influence
There is so much at play here and a complete turnaround since July - this is going to keep on getting better with the above information we have received
more and more we are getting closer to blockbuster contract news - it can land at anytime and as Ian has alluded the next couple months are going to really increase our