Active Energy Share Discussion Threads

[larrparker] 27/5/2021 10:38

Lack of info from AEG and Player Design is really frustrating, but if all goes to plan and Coalswitch is in production by the end of the month this should fly, Warren Buffet's Pacificorp is a big fish to have on board

[trjones2] 20/5/2021 17:51

maybe tomorrow

[jason_scrap] 20/5/2021 16:47

Wasn't talking to you Girth... lol

[trjones2] 20/5/2021 16:15

going to stick my neck out and say there just about to tick up before close

[trjones2] 20/5/2021 15:27

people will be begging to get into these at this price in a month from now

[jason_scrap] 20/5/2021 15:12

Capitulation. I'm in lol

[chipman1] 20/5/2021 09:04

Failure and repeated gaslighting...I'm out.

[jailbird] 20/5/2021 09:03

Hi GarthNot holding anymore but still on my monitor It does sound like a U-turn on lumberton with that languageCannot believe major shareholders keep allowing this to happen

[garth] 20/5/2021 08:51

smcl,

The potential for Coalswitch is no different to what is was 5 years ago. The issue is the disingenuous speak, terrible execution and repeated changes in direction. I didn't even reference this line in what I posted above:

"With the recent construction delays for the Lumberton Reference Plant, the Board are now re-evaluating the Company's lumber and timber operations at Lumberton"

Didn't we just pay for a second line because the location was amazing?

Didn't we buy the site for just that reason?

If Mr Rowan is confident on the permit and the benefit was the feedstock there then why re-evaluate the lumber and timber operations there?

Or is he saying one thing and thinking another? Looks that way to me.

Please, please, please make sense of that for me in such a way that doesn't leave Rowan speaking with forked tongue? And that doesn't imply yet another U-turn for management who previously talked up the asset and location?

G.

[smcl] 20/5/2021 08:42

I still regard the update etc. as positive and forward looking. There is significant potential with CoalSwitch. It just has to be realised!

[mrbt] 20/5/2021 08:29

First coalswitch production will be in Maine not Lumberton , hopefully starting end of May.

[dave4545] 20/5/2021 07:47

Thanks Garth

I thought it was a bit of a iffy statement but decided to wait for somebody else
to say something first :-))

[garth] 20/5/2021 07:32

On Lumber and Sawmill

Lumber prices are rocketing. We heard a lot about the operational profitability the second line would bring.

BUT THEY HAVEN'T EVEN DELIVERED ON THAT! Profit warning issued on Lumber

"The saw mill and timber operations at Lumberton have continued to operate throughout the period, albeit at a lower production rate. As a result, the Board now expects that revenues from the Company's lumber and timber operations in the current year will be materially below prior expectations. "

Good grief.

But its OK folks, jam down the line via another plant. Financed by what???? Oh yes, the balance sheet got cleaned up by converting the bond-holder debt into confetti of shares... All ready to issue more shares for more debt while management keep taking salary.

G.

[garth] 20/5/2021 07:26

On Coalswitch:

I'm sorry, but how can anyone, particularly individuals with the intelligence of those involved here, place these comments together as if they are compatible? Particularly with the track record of the last two years?

o first CoalSwitch(TM) production due to commence before end of May 2021; and

o AEG remains on track to deliver CoalSwitch(TM) to PacifiCorp, on time, in June 2021.

Followed directly by:

-- Construction of the facilities for the reference plant at Lumberton were in the final stages of completion.

-- AEG continues to await approval from the North Carolina Department of Environmental Quality ("NCDEQ") for the amendment to the air and construction permit, which will allow installation of additional equipment to improve emissions controls to be completed."

Should be read with this from further down:
" construction activity in regard to certain components of the Lumberton Reference Plant has been suspended, pending the consent of the NCDEQ for amendments to the existing air and construction permit, which was issued on 4 August 2020. "

Management have had 18 MONTHS+ TO SORT THAT PERMIT AMENDMENT!

Credibility is too threadbare for such a stupid own-foot shot.

And then we are told that they have "spare Coalswitch reactors" just lying around at Lumberton?????

What is that about?

Sounds like they might get a second plant finished before they manage getting operational the plant that WAS RUNNING at Utah before they decided to move it two years ago!

And yes - I am jaded. And yes, it does make me cross.

Mr Rowan's response?

Michael Rowan, CEO, Active Energy Group:

..."Planning for this project has been underway for some time, preceding the unfortunate and unforeseen construction delays at Lumberton. To optimise timing for the project, existing AEG assets have been utilised to ensure that this second plant is operational before month end.

Its "unfortunate" folks. At least it is when as a management team you are taking salary and have paltry market-purchased equity. As long-suffering shareholders it is more than 'unfortunate' that the idea that a permit amendment might be needed if the equipment built was different to the equipment originally permitted was UNFORSEEN.

G.

[garth] 13/5/2021 11:15

Supercity,

Mr Rowan holds 0.26%
Mr Diamond holds 0.01%

So the CFO's holding is worth circa £3,500

And he isn't averaging down.

And neither am I.

Just a view.

G.

[sid79] 13/5/2021 09:46

Pocket change for the BOD. RSG bought £225k once when he was director here. No recent updates, no PR, and no investor confidence.

[supercity] 12/5/2021 18:35

To be fair they did buy 2m back in Feb and another 1m in April which is a lot more than some company directors

[garth] 12/5/2021 10:38

Tenpercent,

Which is exactly why we saw Mr Rowan and co buying in the market last week/this week? Backing their statement of confidence?

No?

Hmmmm.

G.

[tenpercent] 11/5/2021 19:18

Starting to look like it's worth a punt at this price.

[pete1277] 07/5/2021 18:45

It’s time for Rowan to step down.. He continues to lie or exaggerate. He hasn’t achieved anything special and shows no concerns with the lack of progress. Enough is enough.

[garth] 07/5/2021 13:00

I guess Mr Rowan must be putting his money where his "confidence" is and buying in the open market. Lets wait for the RNS confirmation..?

G.

[supercity] 07/5/2021 12:32

True - on a brighter note level 2 is 4 v 1.Wouldn't be surprised to see it close level.

[garth] 07/5/2021 09:21

Supercity,

the graph from 2018 to 2020 shows about 18 months of "technicality". It shouldn't have been/be an issue. Its about taking care of the operational detail.

G.