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Hold your horses: it is not "the tech does not work", but "the tech work, but it is too expensive and cumbersome to run". The gasification is around since more than 100 years, yet to have ot working economically is difficult, especially if you aim at using different materials at the same size with different particle distribution: you get a gas that way too dirty and you use too much money to condition the gas.
Go to visit Sasol gasification facility in SA: the gasification reactor is small, but the gas conditioning unit is way bigger than the gasification plan itself
My gut feeling is that Italy refinance will not work. 18 days to the end of the year and no news so far and holidays approaching fast. If no good news come toward the end of the week, I would think that is not going good...
Very funny indeed considering the performances of EQT.
Kind of Dada surrealism
They said they should fix the issues for end Q4? I do not expect to happen.
Whatif they fail the Italy refinance? What would happen then?
My prognosis: it is like a patient kept artificially alive, remove the plug and it will die, and it looks like EQT is kept artificially alive.
In the end, I told you moths ago the tech was not working and that was a big issue when coupled to people with no clue how to run finance (JVL) and that is what waits you at the end of the road...
Google stocks tells me that is -12% today, and that makes -20% from 5 days ago when the optimistic press releases started, that is what the market thinks about it....
I am not here because "Schadenfreude ist immer die beste Freude", but just because I see people commenting clueless about the tech and how industrial chemistry works. I just try to teach proper reasoning when and how to buy stocks, very well aware that mistakes can happen to anyone, me included, when buying stocks.
The GRDF stuff: just wasting taxpayers money, it is the typical R&D project that you need to show to pretend to decarbonize the gas grid to show that you do something VS climate change. It is greenwashing from oil&gas companies and to add insult to injury it is not done with their money but with taxpayers money.
It will end up in nothing, the conclusion of the project will be "it is uneconomical to make renewable methane via this pathway"
In the last 5 days EQT makes -18%, so that means the market is telling us something despite the press releases...
Wishful thinking is strong in you (read with Darth Vader accent)
I repeat my question slowly and clearly, so you can get it: how many industrial chemistry plant did you buy so far in your life? I bought quite some, so I know a bit of the sector. I do not like fancy gibberish finance jargon, I like easy thing: this is the cost, this is the performance etc.
EQT is far away from delivering functioning (functionig = profitable) plants for a number of reasons I do not want to deepen here, and the fact that dubious financial partners and dubious customers pops up to their door is not a good sign...
"In the new strategy operational profits of the plant are not EQT issue , revenue rolls in even before these plants go live."
Did you ever buy an industrial chemistry plan? This is basically the same. You agree on a payment schedule, usually 5% to start with the detailed engineering, than 10-15% for the whole detailed engineering, than 40% so the provider can purchase the steel, the pipes etc and then you keep the last 10-15% that you will pay after the performance X is done. Such plants have usually a 20% margin or less for the technology seller, so the last payment bound to the performance is the real profit of the company. If the plant does not perform they "lose little money" or maybe they reach just break even. But then after X number of plants that you sell like this you spoil your reputation and nobody else purchase it. Did you realize that the situation is so desperate for EQT that they need to go so far away as the Hawaii to sell one plant?
As I said, everything can happen, sometime the underdog wins (Remember Petruzelli VS Kimbo Slice?) but the odds are low, here the same...
Small projects = small profits, if any. How many units they need to sell that runs smoothly without problems (just look at Italy MDC, the only plant so far after Movialsa) in order not to make profits but just to repay the huge debt they piled up so far?
Negative outlook for my side, despite press releases
it reminded me of then the germans traded a fantastic tropical paradise island of zanzibar for heligoland, a ****ty wind battered rock in the nord sea
https://en.wikipedia.org/wiki/heligoland%e2%80%93zanzibar_treaty
I do not know your way of giving numbers, let's say autumn 2021
and you that you know better than me the share, maybe you do not know gasification and really believed that the tech was working and the business case was there? Do you also believe in Santa Klaus?
Just looking at DP and hearing him for 30 sec I realized that he was a pathological liar, then I analysed the tech, the market etc and I realized EQT was a lost cause, and this when well above 1 pound per share and investor were flocking.
Then I started to post here to share my perspective based on deep dive research and everybody was mocking me, now look how much you lost and I have this sad feeling you have been bottomholeabused using sand as lubricant and I am very sad, since I dislike these situations
And who told you far in advance that PHE had no future both in terms of tech, business case and H2 market?
It is happening exactly what I predicted...
Not only, you forget NOx
I am no messiah, I just know what works and what not. H2 is also a solution that will not be applied, H2 fueling stations are being currently scrapped, H2 is too expensive & cumbersome to be a viable option for light and heavy duty vehicles and also not for domestic heating. There will be demand for emission free H2, especially from ammonia plants etc, but we will not see "the H2 economy" as some people think
https://www.hydrogeninsight.com/production/despite-being-awarded-millions-in-state-funding-this-once-pioneering-green-hydrogen-project-has-been-scrapped/2-1-1556853
I know biomethane, I have shares of companies involved in its production, distribution etc in different EU countries. Exactly since I know biomethane quite well I know also advantages, disadvantages and costs of production of different technologies (wet AD, semidry AD, gasification and e-methane).
Since I have an informed opinion I put my money where I know the tech works and it is economic viable
Italy refinance: does anybody have some news? It is a plant that should earn slightly more than 180 k€ per month at 90% capacity factor. The issue is that the feed in tariff will expire soon, and between feedstock cost, personnel and paying back the loan there is a very little chance to make any profit there