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Where are all these gas sites that they talk of in their RNSs? May 2017 RNS: Going forward, the Company has a pipeline of FlexGen gas projects totalling 150MW, which it will seek to retain an 80% plus interest in. The Company is focused on constructing a minimum of four gas powered projects per annum as they offer significant advantages, both environmental and financial, over renewable green diesel engines RNS 21 December 2017: The Company continues to focus on increasing its pipeline and to this end a further six gas sites totalling 120MW are in the planning process; it is envisaged that this figure will significantly increase during H1 2018. PPG is also in advanced discussions regarding the purchase of further sites with planning, that would be fast-tracked to commissioning. The various gas sites in the pipeline will be built between 2018-2019
I agree with you Lowrisktrader, is it actually happening? I feel a little peeved as they have over promised and I am sure a lot of people have invested on the back of it.
The only thing that is truly known is that there 6 SPVs in operation.
I have very little confidence that we will see the big funding that has been eluded to re multiple gas sites this year. 12 months has elapsed since the directors started to mention to new direction re gas sites & funding but we have heard absolutely nothing. They are obviously finding it very hard to get any traction on this, couple this with the total silence on the matter, doesn't build confidence, on the contrary in does that absolute opposite
A call to action to all Shareholders, we ought to be requesting / calling the company for an update on all the points related to gas sites / funding as per the RNSs that were put out on the subject since May 2017
The only thing I see happening in the short term, is we may see some Rockpool / gas sites funded but I reckon that will be it.
Since the 23rd of May we have had roughly & 110,000 pounds of sells v 55,000 pounds of buys Shareholders are being badly treated, absolutely nothing said from PPG board for over a year on the purchase of gas sites and the funding of the gas sites, realy bad PR, never over promise and so then underperform, which is what PPG board have done. The way forward is to underpromise and over perform. I suggest shareholders put some pressure on management and demand some explanations to the multiple RNSs over the last year referencing the purchase and funding of gas sites
Someone is slowly getting rid of their shares 100,000 at a time
On the contrary, very positive re PPG, this sector is very promising indeed. Its just there has been a lot of promises since May 2017 re funding for gas sites (look back over the multiple RNSs that refer to that) talking about funding and multiple gas sites but we haven't heard a thing on any of this
1p by September if no news, could be even lower.
I very much doubt that we will have any news on funding until September / October as from July schools break, summer holidays start, everyone is away and not back behind desks until September. Three weeks to prove this assessment wrong, I hope it is but gut feeling says it isn’t
Or they are finding it very difficult to raise the money
We have heard absolutely nothing about anything, going back at least a year now on certain promises, all of which is really poor show and very weak an unprofessional PR Not great a great refection on the management in my opinion
Interim results RNS January 2018: 2018 is expected to be a pivotal year in the development of Plutus with our move into gas powered, energy storage and hybrid generation sites. The Directors view the year ahead with confidence, as we start the development of our new strategy and complete the execution of the Rockpool Investee Companies' site build outs.
Interim Results RNS January 2018: The Company continues to focus on increasing its pipeline and to this end a further six gas sites totalling 120MW are now in the planning process; it is envisaged that this figure will significantly increase during 2018. Plutus is also in advanced discussions regarding the purchase of further sites with existing planning permission that could be fast-tracked to commissioning. The majority of the gas sites in the current pipeline are expected to be constructed in 2018 and 2019. To that end, I was pleased to announce, in September 2017, that we had signed a Heads of Terms with a leading UK provider of generators, JCB Power Products Broadcrown Limited ('JCB'), to design, procure and supply the required generators for the Company's UK FlexGen Projects (the 'Projects'). Under the terms of this agreement, both parties will cooperate with the identification and suitability of sites and will leverage their complementary skills and capabilities to bring FlexGen projects into operation. JCB will assist on the design, procurement and supply of the required generators for each individual FlexGen site and will also provide long term repair and maintenance services. Furthermore, JCB has introduced Plutus to JCB Finance Limited, a member of the RBS Group, which specialises in providing asset finance in connection with the acquisition of JCB equipment.All selected sites being advanced by JCB and Plutus will be developed within individual SPV structures, with terms negotiated on a per site basis. Plutus will be responsible for all commercial contracts and arrangements with respect to power and benefits related to each Project, including inter alia, Capacity Market contract and Power Purchase Agreements and provide overall funding, which may be through JCB Finance Limited or asset finance, as appropriate. During the period under review, the Company also signed a cooperation agreement with land and property developer, London & Devonshire Trust Ltd ('LDT'), to identify and develop energy storage projects in the UK. This agreement is in line with the Company's strategy to widen its exposure within the UK energy sector utilising integral new technologies that provide security of supply. Plutus and LDT entered into the agreement to leverage their complementary skills and capabilities in the development, financing, construction and operation of energy storage plants within the UK. Under the terms of the agreement, LDT and Plutus will incorporate a special purpose vehicle for the development of an initial 85MW of energy storage project. Similar to Plutus' arrangements with LDT with regard to sourcing FlexGen sites, LDT will provide to the Project Company a suitable site and associated grid connection for the Project and Plutus will provide the necessary skills for the Project Company to manage the ongoing Project development.
RNS January 2018: Charles Tatnall, Executive Chairman of PPG, said: "Our roll-out of FlexGen sites across the UK continues; we now have 120MW in operation and a further three 20MW sites due to come into operation in 2018. We are also making progress with the development of approximately 200MW of gas-fired FlexGen projects and I look forward to updating the market accordingly."
RNS 21 December 2017: The Company continues to focus on increasing its pipeline and to this end a further six gas sites totalling 120MW are in the planning process; it is envisaged that this figure will significantly increase during H1 2018. PPG is also in advanced discussions regarding the purchase of further sites with planning, that would be fast-tracked to commissioning. The various gas sites in the pipeline will be built between 2018-2019.
Final results September 2017 RNS: the group is now diversifying into gas fuelled power generation and battery powered energy storage projects. We retain complete flexibility in financing projects going forward but aim to ensure that all future gas sites operated via new companies, typically holding 20MW each as before, are able to be consolidated in our accounts. With this in mind, we recently launched a �50 million bond advised by Bedford Row Capital, to be listed in Frankfurt, that is about to be marketed to investors. The bond is to fund the 'equity' portion of each site; each site has a typical capacity of 20MW, is held in a special purpose vehicle, and will normally have 20-40% of equity, with the balance funded with asset or project finance. n addition to our planned focus on installing gas engine capacity and the bond to finance this, we are looking at the use of power storage, i.e. batteries or capacitor technologies, in conjunction with our gas sites, which will open up FFR markets and other fast response tariffs to gas. Our strategy with respect to the green diesel sites is - alongside Rockpool - to either sell these after the end of the EIS qualification period or to make an offer for the 55.5% we do not already own. Our relationship with a leading Big Six multinational utility company to fund up to 20% of any 20MW renewable fuel or gas powered flexible energy projects going forward fits ideally with the Company's strategy to deliver projects in which it holds an 80% interest, and this relationship is envisaged to provide sufficient equity to allow PPG to develop majority owned assets while maintaining its policy of limiting dilution to shareholders as far as possible. It also gives us additional flexibility in funding our various project types going forward including Gas, SolarFlex and Battery Power Storage.
This is getting very tedious. To not hear anything on any level after all the of promises and expectation May 2017 RNS: Going forward, the Company has a pipeline of FlexGen gas projects totalling 150MW, which it will seek to retain an 80% plus interest in. The Company is focused on constructing a minimum of four gas powered projects per annum as they offer significant advantages, both environmental and financial, over renewable green diesel engines August 2017 RNS: PPG and LDT entered into the Agreement to leverage their complementary skills and capabilities in the development, financing, construction and operation of energy storage plants within the UK. Under the terms of the agreement, LDT and PPG will incorporate a special purpose vehicle (the 'Project Company') for the development of an initial 85MW energy storage project (the 'Project'). LDT will provide to the Project Company a suitable site and associated grid connection for the Project and PPG will provide the necessary skills for the Project Company to manage the ongoing Project development.
Lowrisk, do you think we are days, weeks or even months away from this? Funding has been on the agenda from at least 9 months ago, you would have thought we should be across the finishing line by now.
4 months and no news of any substance. Funding of gas sites is what we are waiting on Anyone have any thoughts on this?
Long term this is a great bet, no doubting that. Funding is the only info we are waiting for & yes its taking far too long, nothing to do with oil prices at all. The longer it takes to lower the share price, due to boredom and other opportunities. I wouldn't be at all surprised if we don't hear anything on this for weeks or even longer, which means more bored investors and an even lower share price. This should really be sitting at 3p right now, which is a true and real reflection of its value. I really hope that I am wrong on funding news time lines and that we hear something on funding shortly. When the news comes, it is going to catapult this share price to heights we have yet to see. If one had spare funds this is surely a great time to jump on board and ready yourself for a stella ride.
We all know we are waiting on funding but how long can it take, the silence is deafening, anyone have any opinions?