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Oh my god, you are so right! Now you opened my eyes and I will invest few million €into EQT, they have such a good technology for plastic to fuel that will revolutionize the world, nobody else can do it
Wait a minute...
https://www.dw.com/en/ghanaian-turns-plastic-waste-into-fuel/video-65012171
Mjallen is such a lousy Sherlock Holmes. I have no interest in taking over EQT, not even if they offer it to me for free, the company has very limited value and their value proposition is not sustainable, as simple as that. I just come here from time to time to see how people can fool themselves because they cannot think properly.
Here is full of people that believe that H2 is a good option for decarbonization, that believe to this and that, sometime I wonder if you people on gthe 24th of December stay awake all night to wait for Sint-Nicolaas...
Which manipulation am I doing?
I state things clearly, math is math, Italy MDC is just for fooling people that cannot inquire and make simple back of the envelop calculations to understand that they will never have the time to repay back the money invested there until the current 280 MWh feed in tariff will expire.
Feeling is one thing, reality is another one, and reality bites back...
It was always describe as "Gallina revamping investment will lead to RoI of 15%" and similar things. It never happens, it will never happen. Gallina will lose money, the amount of incentive to cash in will never repay the revamping and the OPEX. But they tried to convince even me to pour money in it. Especially when I realized that they were trying to convince me to invest in Gallina mentioning me about possible H2 production and possible Biochar sale and I realize for them "H2" and "Biochar" were meaningless words (they had no clue about either) I decided to just decline...
More or less the May results update effect is already over and the share price is really not impressing me. The interview was just the usual call to "patience and please pour money we are saving the planet" but with no real chance to make profits. The Italy site is becoming more of an embarassment that just a "plan that we will use to study and improve our technology, not really a centre of profits" as it was few months ago.
IMHO: soon or later somebody will pull the plug to the investment and then it will become complicated...
I know the biochar market, it is already "crowded" and not much demand, especially for the volumes that will come from the possible ETC expansion.
Biochar is sitting there as climate tool from years but nobody invites him seriously in the dance floor.
Biochar has no foreseeable market in EU for a number of reasons I do not want to go into details here.
Agrigas worries me, do you know that what lead to financial ruin of Italy site was straw as feedstock? The famous Gallina site was purchased at an auction from a former company that said "wow, fantastic the gasification for our straw"...
Movialsa is a specific case that it works since the biomasses they have are low in ashes, but using the same feedstocks to make biogas and then electricity+heat or natural gas grid injection would have been cheaper as CAPEX and OPEX, just have a look how many plants globally run on that kind of biomasses and how many use gasification tech.
I am really impressed by how you work hard in trying to do not admit that the situation is grim and that there is not much foreseeable future (and of course I know I can be wrong and I hope for you I am wrong)
sorry these bloody autofillers. Lauzig = lousy
Do you like shooting in your foot? Electricity is way more important technically and economically than heat. A well design mixed process usually get 1 MW electricity and 1.1 MW heat. If heat goes up and you pay the fuel for electricity you are in troubles, except of course if you are burning dirty lignite etc. If you burn waste and you are paid for the waste you burn then it is another story, but for wood to electricity that ratio is lauzig...
On top of that: bitte have a look at yahoo finance: I wonder how do they can put EQT as "strong buy" but I must be wrong myself and the analysts are right...
https://uk.finance.yahoo.com/quote/EQT.L/
REvenue stream for Italy? The plant is not working and nobody knows when they will put it online. In the best case ever it will make a turnover 1.4 million € though I would expect less and do you think they can use it to refinance something? Do you know how much did it cost the revamping?
Wishful thinking from many here, the bottom line is that they are in deep troubles...
@aandi: H2 as fuel is a dead end. H2 will have a market, mainly to replace the H2 that is today used in industrial process as "reducing agent" (I like the chemistry jargon).
H2 cost at page 30: I wish it can be true so that can be a very good starting point for manufacturing. fuel cell cars are already dead, buses & trucks also. H2 as fuel is a real economic non sense, not to mention the superexpensive infrastructure to deliver it. Shell is already very quietly closing H2 filling station in UK, they know it better than us.
Coming to EQT: few years ago they may have had a future, now afgter all what is coming in terms of development very quickly their chance is gone, IMHO. Let's see friday results, I am a person that change opinion very quickly in front of facts and numbers, I am "ideologically promiscuous"
https://getyarn.io/yarn-clip/d3e6cd30-2a0e-4291-b71a-49fc3808051d
easy man, easy. They tried to convince me that EQT was a goldmine, but since I can read between the lines, I can calculate revenue and I can assess strategies I understood they were just badgering around. Really, in all honesty: do you think the BoD has made any success? They were in the perfect time and place (need for dispatchable RE, quest for decarbonization etc) , they were filled up with cash and they were not able to deliver. How would you rate such a performance? And now, with interest rate spike people do not throw anymore money here and there, so it will be more difficult for them to refinance
No, juts because I like to stay unbekanntchen ;)
How much did you lose yet to them? Did I drink your money when they invited me for luxury drinks try to impress me?
I gave you the reason why I am not answering you, deal with it.
I will not respond to when I had discussions and trips with EQT BoD, since I do not want that they identify me here. But believe me, I was shocked when they invited me for lunch in such luxurious restaurant with 80€ more wine bottles. I had the impression they were living above their means. I invest also money not from me and I would shame myself to use my investor money to impress people with such luxurious things, it would be like I am not able to give worth to money. Being frugal is embedded in my life but maybe I am just culturally different https://www.bbc.com/news/magazine-20355476
Are Guns N' Roses your preferred rock group? Since it looks like "Use your illusion" is what you do, The only demand in the nearby is already fulfilled by solar PV. There is no heat to sell in Gallina, and no demand for biochar, sorry to crash your wishful thinking
Hi Aandii, you are verficking deinselbe once again with wishful thinking: in Gallina they use the residual heat to dry the biomass and the bit of heat that remains cannot be sold: to sell heat, you need an industrial complex or resident houses in the vicinity and you need to install hot water pipes to deliver it: it is expensive and you will not return on that additional investment in the few years of feed in tariffs that remains. So selling heat is a viable option only for new EQT plants if they are located in the vicinity of heat demand.
Let's wait and see for the 5th of May announcements, but I am not optimistic for it.
I will not reveal my sources, but this come from direct dialogue with them. In addition: Gallina is currently working or not? (I know the answer, I just want to know from you if you think is operating or not)