Active Energy Share Discussion Threads

[larryparker] 13/9/2021 10:36

One would think that anyone who invested after the appointment of Max Aitken would be in the same boat, we all do our DD on our investments and if his past history was undisclosed, we could see it as a fraudulent act, we all know how Rowan love's a legal wrangle.

[zeetruth007] 13/9/2021 10:12

That's a good point it may have been with held to secure the Convertible Loan notes etc. I'd be fuming if I was dupped into this situation.

[buywell3] 12/9/2021 22:30

garth you have not commented on this


One would logically think any big holders will not be happy to say the least

Could the above be used in any legal action ?

Could it be used to cancel any past agreements eg lock-ins ?

This is now a very bad chart and trust has taken a knock more than once it seems from reading the posts

What price do these pellets sell for V white pellets and is Canada the perceived market for the present ?

What is the expected profit on say 100Kg of the product ?

[zeetruth007] 10/9/2021 15:48

Yes not professional at all from AEG perspective but the FCA are useless so it will happen time and time again!

[larryparker] 09/9/2021 12:22

Rule 17 The past record of Max Aitken was omitted from the announcement of his appointment to the board of AEG in 2020, Max has held numerous director roles where company's were put into liquidation. Max Aitken equals Grim Reaper. It's in the last RNS

[sid79] 09/9/2021 11:59

Can you expand on the grim reaper comment? Thanks

[larryparker] 08/9/2021 10:44

This has to be the strangest company I have ever invested in. Changing agent not so bad, employing the Grim Reaper not so good, and still activity seems fairly positive with no real news coming from AEG.

[larryparker] 07/9/2021 16:58

Hope this disclosure hasn't been bought to the public attention as a way of Gravendonk slipping out of there lock in agreement

[zeetruth007] 07/9/2021 13:16

What an RNS today!!!!

[larryparker] 07/9/2021 11:06

Still the buy orders are coming in, weird but maybe some other news shortly.

[larryparker] 07/9/2021 10:07

The Twitter feed and website are a waste of time for info, with the amount of activity on Friday, I was hoping for better news, but maybe some speculative punters knew an RNS was coming but not the content, a buyout from the patent owners of the product could be the only get out of jail card left unfortunately, bringing in a more dynamic, aggressive board May save the day, but somebody's going to have to stump up a heap more cash.

[sid79] 07/9/2021 09:38

Sadly, we have had no real substantial news for months. The test results are not new and are not from Rocky Mountain. We're not producing, have no active license, no income, and in general a ship without a captain. Testing the .4p support again and without something, concrete will drop. The RNS is always written with multiple ways to interrupt (due to the fact the BOD is a shambles). GLA

[larryparker] 06/9/2021 17:32

We certainly deserve some Garth, I Have definitely got more money tied up in AEG, than anything else in my portfolio

[garth] 03/9/2021 16:38

Nice to see a rise into the weekend - and on the back of an increased volume of trades. Perhaps we are in for some substantive news next week?G.

[garth] 03/9/2021 07:11

RI,

That is a strange suggestion to make to me. Is that investment advice?

I have a massive amount of time, energy and money invested here over a long period of time. And yes - I am not happy with the management. And I am staying put.

So how about you put forth something of SUBSTANCE to support your perspective that (to quote you) "GREAT PROGRESS" is being made? Because right now that looks like the really foolish assertion of an insider with a blinkered view.

Similar tests were made OVER FIVE YEARS AGO. And they told us more. That isn't progress.

Please, please show me some progress. And while you are at it, how much cash do YOU believe they have left?

You say that you prefer to to think about the future - I am invested in the future. But every next bit of the future we step into has been another cash call followed by another U-turn and another messy permiting fiasco. That has been the future: great tech, terrible execution. You tell me - where is the HARD EVIDENCE of something differerent being delivered?

You are clearly able to post with insight - as at PANR. What I am reading from you here is hopeful sentiment that could have been equally true at any point for over 6 years. Genuinely - please make a decent, evidence-based case.

G.

[responsible investor] 02/9/2021 17:31

Garth,

I suggest you sell and move on if you are not happy with the management and prospects!

I prefer to think about the future.

[garth] 02/9/2021 15:47

responsible investor2 Sep '21 - 14:44 - 1924 of 1924
0 0 0
It is difficult to understand why this blog is so full of vituperative comments - rather than focusing on the product and whether the company is making progress in proving out CoalSwitch, in finding potential customers, in identifying sites upon which the company can build more plants, in ensuring that it has access to feedstock and finance for the construction and the installation of the equipment.

There is also the realistic chance of entering into joint ventures with partners under which the company would be entitled to royalties.

Todays RNS indicated that great progress is being made so perhaps the doomsayers should limit their unhelpful commentaries and perhaps we can all focus on the potential for the company which seems to have a great product, in the right place and at the most opportune time - and BTW when coal prices are soaring.

RI,

I think 'vituperative' is a tad strong.

I really do not know how anyone who has held shares in AEG for any length of time can reasonably suggest that today's RNS indicates "that great progress is being made". That is quite simply a groundless assertion.

As for commentary being "unhelpful" - well, that is entirely subjective.

With regards whether the company "seems to have a great product"? YES! YES! YES! We all knew that a few years ago! No disagreement whatsoever.

"In the right place and at the most opportune time". Absolutely. And that is what make the apparently inept execution by management all the harder to quietly watch.

This is from the AGM statement OVER TWO YEARS AGO:

""AEG's commercial and strategic goals are now clear. The future of AEG is tied to success at Lumberton and the creation of complementary revenues streams from lumber and agricultural crops to the utilisation of other waste streams to create pelletised renewable fuels. The Board has achieved much over the past 12 months but more hard work is required to fully implement AEG's growth strategy.

"The Board would like to thank all shareholders and stakeholders for their continuing support over the past 18 months. The last 3 months have demonstrated some of the true potential for AEG and with the support of all AEG's stakeholders, the Board now believes that commercial success is realistic. This means that AEG will continue with its previously publicly stated ambitions to transform low cost biomass into renewable fuels of the future.

"The Board looks forward to updating the market on our developments as we execute our strategy, expand opportunities at Lumberton, including the completion and operation of the first 5tph CoalSwitch plant and expand into the growing biomass fuel market to deliver value."

Two years on they are not tangibly any further on. They have U-turned on Lumberton. And they need more cash.

All the potential you speak of was just as true a few years ago and with far fewer shares in issue...

January 2018 (over 3 and a half years ago):

"Update re Revolutionary CoalSwitch(TM) Plant; Initial Full-Scale Reactor Test Completed

Active Energy, the London quoted international biomass based renewable energy and forestry management business, is pleased to announce that the first testing of the five-tonne-per-hour CoalSwitch(TM) plant in Utah, United States ('the Plant') was successfully completed late on Friday 29 December 2017. The initial results met all management expectations and further testing will continue this week.

The plant is now undergoing full commissioning which Active Energy expects to complete in the next several weeks, which will enable the Company to deliver commercial quantities of CoalSwitch(TM), its revolutionary fuel that that can be mixed in any ratio with coal fines or completely replace coal in existing coal-fired power stations, without retrofit, globally"


MARCH 2016 (5 and a half years ago!)

AEG CoalSwitch Deposition and Burn Test Results Confirm

Lower Emissions, More Efficient Combustion and Fewer Deposits than Coal;

Prove Technical and Commercial Viability

AEG CoalSwitch, the renewable energy division of Active Energy Group Plc (AIM: AEG.L), the AIM-listed supplier of timberland management and development services, industrial wood fibre and Biomass coal replacement fuels, announces that late last week it received the results from the burn testing of its CoalSwitch fuel at the University of Utah (announced in the RNS dated 8 February 2016).

The University has reported that CoalSwitch's technical and commercial viability for use a standalone fuel - or co-fired in high concentrations with coal in traditional coal-fired power plants - provides significant environmental and commercial advantages to industrial power generators.

The burn testing, conducted at the University's Clean and Secure Energy Institute, evaluated the performance of AEG CoalSwitch fuel in its 100kW pulverised coal combustor, which closely replicates the full-scale facilities utilised in industrial coal-fired power plants around the world.

The testing process compared CoalSwitch burn test performance to that of Illinois Number 6 coal (a typical feedstock used for industrial power generation in the United States), and a CoalSwitch/Illinois coal mix under the same test conditions.

Key findings include:

-- CoalSwitch fuel burned at near-identical temperatures to coal
-- CoalSwitch fuel burned more efficiently than coal, and produced far less ash
-- CoalSwitch fuel burned cleaner than coal, and when co-fired with coal generated less Sulphur Dioxide (SO(2) ) than the coal alone

-- Along with reducing the amount of ultrafine particles in the blended fuel, the mineral matter (ash) particle size distribution of CoalSwitch fuel was nearly the same as that for coal

-- CoalSwitch fuel was essentially free of both Potassium (K) and Sodium (Na), so combustion did not cause the fouling issues (deposits) that are commonly a barrier to the use of Biomass fuels in coal-fired power plants

-- The CoalSwitch/coal blend had a lower Loss on Ignition than the pure coal, leaving far less unburned carbon in the ash, demonstrating far better combustion of coal when CoalSwitch is present

Richard Spinks, CEO of Active Energy Group Plc, commented: "The results of the CoalSwitch testing prove that the Group's faith in the technology and our investment in it over the past twelve months were fully justified; and demonstrate that, for the first time to our knowledge, the glass wall between coal and Biomass usage within existing power generation plants has been shattered."

"They confirm that CoalSwitch fuel represents a game-changer for the power generation industry, and delivers significant financial and environmental benefits over current Biomass fuel solutions. "


Please, please explain the substance behind your assertion that today's RNS delivers good progress from what was announced over 5 years ago when the pellets were last tested.

Best wishes,

G.

[responsible investor] 02/9/2021 14:44

It is difficult to understand why this blog is so full of vituperative comments - rather than focusing on the product and whether the company is making progress in proving out CoalSwitch, in finding potential customers, in identifying sites upon which the company can build more plants, in ensuring that it has access to feedstock and finance for the construction and the installation of the equipment.

There is also the realistic chance of entering into joint ventures with partners under which the company would be entitled to royalties.

Todays RNS indicated that great progress is being made so perhaps the doomsayers should limit their unhelpful commentaries and perhaps we can all focus on the potential for the company which seems to have a great product, in the right place and at the most opportune time - and BTW when coal prices are soaring.

[zeetruth007] 02/9/2021 11:10

So no test from Rocky Mountain, is that because it was never delivered there?

[garth] 02/9/2021 10:09

"We thank the University of New Brunswick and look forward to supplying more fuel in the coming weeks in order to progress these tests further."

Which seems to imply that there wasn't sufficient volume available to complete all tests needed/desired and that availability of sufficient volumes are still "weeks" away.

Bad luck or bad management?

Shower.

G.

[larryparker] 02/9/2021 08:37

How long can it take to assess the facility at Ashland ?, late September for further update, they could have built 4 new plants by then.

[garth] 02/9/2021 07:33

Max Aitken, Active Energy Non-Executive Director, said:

"We are extremely encouraged by this initial analysis of our CoalSwitch(TM) product produced at our Ashland facility. The results validate that CoalSwitch(TM) can be used as an efficient replacement for carbon emitting fuels, and that it burns more effectively than other equivalent fuels such as white pellet. We thank the University of New Brunswick and look forward to supplying more fuel in the coming weeks in order to progress these tests further."

aka 'We burned some pellets and learned what was learned when they were tested a few years back. Except we are reporting to shareholders less emissions data than was reported back then - pay your money and make your choice as to whether that has anything to do with washing or not and whether that is because that data was not favourable.' And a non-exec is commenting - which should perhaps tell its own story.

DYOR.

G.

[sid79] 27/8/2021 13:35

Positive or negative? Feel free to share as we're all sat here watching the paint dry.

[zeetruth007] 27/8/2021 13:26

Some interesting rumors from over the pond going around, the North side of the pond that is.