Active Energy Share Discussion Threads

[love it] 17/9/2015 14:49

looks like the next leg up mm moved to the bid 4 bid 1 offer and you have to pay over

[scrutable] 14/9/2015 08:39

Today's RNS of a new JV looks like a great business initiative with global reach.

RNS
14 September 2015

New Biomass for Energy 'AEG CoalSwitch'
Joint Venture with Biomass Energy Enhancements LLC


Active Energy Group Plc (AIM: AEG.L), .....international supplier of wood fibre products for MDF manufacturing, global forestry and natural resources development services, and Biomass for Energy (BFE) fuel solutions and processing systems, announces that it has entered into a joint venture agreement with Biomass Energy Enhancements LLC (BEE) of Utah, USA, to exclusively commercialise a revolutionary new clean energy Biomass fuel manufacturing process.

The joint venture company, AEG CoalSwitch Limited (AEG CoalSwitch), in which Active Energy Group (AEG) has been granted a majority 51% equity interest, will be incorporated in the United Kingdom, and will hold the global intellectual property rights (IP) for the fuel manufacturing process, for which sixteen 'greenfield' technology patent applications have already been filed. In return, AEG will assist in the commercialisation of AEG CoalSwitch and will contribute to its working capital funding prior to the company raising capital as described below.

The ground-breaking Biomass fuel processing system, which BEE (www.bee.energy) has been developing for the past seven years, possesses, in the Board's opinion, the potential to be a game-changer for the global power generation industry.

For the first time, it enables Biomass fuel to be utilised in traditional coal-fired power plants as a direct replacement for coal - as well as being mixed with coal in co-firing operations - without requiring plant owners or operators to invest in hugely expensive and time-consuming furnace, handling and storage modifications.

The environmentally-friendly process effectively cleanses the raw Biomass material by removing salts, minerals and other contaminants that harm the atmosphere and damage power plant furnaces; and converts it into valuable high-energy fuel feedstock, without the low and medium volatiles resident in other Biomass fuels, such as 'white pellets'.

Uniquely, the process can not only be utilised on any plant- or wood-based raw Biomass material, but also on previously unusable or economically unviable waste timber, such as that produced from AEG's forestry and wood chip processing activities; contaminated or redundant industrial residues, such as sawdust, demolition and construction materials; and even chemically-treated wood, such as railway sleepers (railroad ties).

The finished fuel, which can be delivered in a range of different compacted formats (pellets, granules, briquettes or bales), contains similar thermal and friability characteristics to coal, enabling it to immediately be used in existing coal-fired power stations without costly retro-fitting, reconstruction or output losses. Moreover, it can be handled and processed at power stations utilising the same equipment currently used to handle and prepare coal.

Together, these factors have the potential to save power plant owners and operators the huge capital investment that they would otherwise have to commit to upgrading their facilities to burn existing - and inferior - Biomass fuel products.

The new fuel processing system, which has been optimised for industrial-scale production by Munro & Associates Inc., the world-renowned Michigan-based engineering and manufacturing consultancy (www.leandesign.com), possesses several key advantages over existing Biomass fuel pelleting solutions. They include high volume throughput, lower production costs, and - crucially - greatly reduced storage, handling and distribution costs, as the final fuel is water-resistant.

The AEG CoalSwitch team has already commenced negotiations with leading investment funds to raise the capital required to roll out its 'build-own-operate-toll' business model, under which the company intends to construct a network of advanced de-mountable fuel manufacturing facilities close to large-scale Biomass raw material sources, including forests, sawmills and agricultural/industrial waste sites.






A core element of AEG CoalSwitch's innovative business strategy will be the ability to disassemble, transport and reassemble the manufacturing facilities at different locations when a raw material feedstock source is exhausted or an alternative more productive source is identified.

AEG CoalSwitch intends to partner with coal-fired power station owners and operators across the globe - several of whom have already shown great interest in the concept - to enable them to reduce their usage of highly-polluting coal and speedily and cost-effectively comply with ever-growing public pressure, as well as increasingly stringent governmental requirements, to 'go green'.

Aside from its considerable standalone market potential, this new Biomass for Energy joint venture is intended to complement and strengthen AEG's existing business activities.

The Group's well-established Wood Fibre for MDF Manufacturing division is planning to increase operating margins by converting the large volumes of waste timber from its processing operations into valuable fuel feedstock; and the valuation of the timberland assets within its Forestry and Natural Resources joint venture with the Métis Settlements of Alberta is, in the Board's opinion, likely to be significantly enhanced by enabling the forestry thinnings and low-grade lumber - previously only suitable for processing into low-value pulp - to be used as high-value fuel for power generation.

Chas Fritz, CEO of Biomass Energy Enhancements and CEO of AEG CoalSwitch, commented: "Our primary goal at BEE was to make the unusable usable. According to the US Department of Energy (DOE), over 93 million tonnes of forestry residues are left to rot each year in the United States alone - the global figure is vastly higher. And that doesn't include waste timber from sawmills, construction sites and other industrial uses such as redundant railroad ties."

"Our unique Biomass fuel processing system speedily and efficiently converts all of that material into compacted fuel that can immediately be used in power stations as a direct 'Drop-In' replacement for coal to generate clean energy."

"We recognised that we needed a strong partner with the vision and resources to take the system to market, and we believe that Active Energy Group has the infrastructure, industry connections and international network to work with us to successfully implement a worldwide launch."

Richard Spinks, CEO of Active Energy Group, added "By utilising our sustainable clean energy Biomass fuel, coal-fired power generators across the globe can choose to 'go green' - improving air quality and contributing to arresting climate change - faster than was previously possible, without investing huge sums in upgrading and converting their power plants; enabling them to avoid the other option… being forced to close."

"This represents a revolution for the industry and for the environment, and the timing is perfect - just weeks after President Obama's landmark speech setting stringent emissions reductions targets on US energy producers and piling the pressure on them to 'Clean Up or Shut Down'; and just days after the owners of the Eggborough coal-fired power plant in Yorkshire announced that they would be closing the 2,000 MW facility in March 2016 - with the loss of 250 local jobs and 4% of the UK's electricity generation capacity - due to the lack of government funding required to convert it from coal to traditional Biomass fuel operation. "

"AEG CoalSwitch is aiming to have a market-ready product - a system capable of producing high volumes of clean energy 'coal switch' Biomass fuel - by mid-2016. We have a great deal to do, but I'm confident that combining BEE's outstanding technology and expertise with Munro's world-leading engineering capabilities and AEG's international network and industry experience will herald the start of a new dawn in sustainable Biomass-fuelled power generation."

[garth] 31/7/2015 11:06

Nothing to say. All said in RNS. No change.

G.

[shaunstar] 31/7/2015 10:18

Surprised no comment here this morning. Delayed again. I refer to my earlier posts about being uneasy with anything not 100% straight forward and transparent when it comes to AIM companies.
I was long, then i was short. I'm not re-opening a long (if ever) until this is 100% cleared up.
Shaun

[mikkydhu] 28/7/2015 15:02

Maybe the various parties are thrashing out some revisions to the original deal.

[nigelmoat] 28/7/2015 10:34

On the 17th June we had an RNS confirming:-Active Energy Group Plc is pleased to announce that it has received written confirmation from the Ministry of Aboriginal Affairs of Alberta that the report into possible breaches of the Métis Settlements Act by AEG's Métis partners in its KAQUO Forestry & Natural Resources Development Corporation (KAQUO) joint venture will be issued within the next four weeks.Should we not be expecting an update?

[garth] 10/7/2015 17:41

"Richard Spinks, CEO of Active Energy Group, commented: "My co-Directors and I remain very confident in the long-term viability and continued success of the Group's Ukrainian wood chip operations - which reported revenues of US$17.395 million in 2014, an eleven-fold increase over the previous year."

"We are fully-committed to continuing with our expansion plans to meet the greatly-increased demand for our products from our Turkish MDF manufacturing customer base."

"Moreover, reports from the 'Association of Woodworking and Harvesting Enterprises of the Western Ukraine' state that 40% of the raw wood used at wood-processing plants goes to waste, which could be utilised as raw material for Biomass for Energy (BFE) fuel pellet production; an industry sector which AEG has been actively exploring and on which we presented a Public-Private Partnership proposal to the Ukraine government in May 2015."

[deaconblue1] 10/7/2015 07:40

Excellent RNS released this morning, clarifying the new Ukraine law banning unprocessed wood exports. Great news for AEG's wood chip processing operations in the country - less competition for raw material, less competition for access to shipping facilities... should improve margins, strengthen the company's position and protect the environment and economy. Just what I needed to start the day!

[bad speculator] 07/7/2015 07:47

Have to admit I'm increasingly uneasy about the Twitter communication Richard Spinks is doing - do not believe Twitter is the channel for a serious CEO to be driving business forward. Reminds me of Rob Terry (who was eventually forced by institutional investors and Quindell broker / lawyers to stop using Twitter) and it is NOT a good memory.I love the potential here and have a large position in my ISA account but watching very closely now.

[garth] 03/7/2015 13:18

What are the chances of seeing Derrickson appointed into the vacant non-exec role here?

Are we seeing him buying again in the background?

People picking up on the CEO buying more shares?

Or are we getting some interest following a re-circulation of the broker note with a north of 13p price target?

Certainly we know that we don't have long to wait for news re Canada.

G.

[ryandj2222] 03/7/2015 09:25

Canada news must be out soon! Hoping for a good outcome.

[ianfellowes] 02/7/2015 19:30

Great buying today. I am starting to think whether news is on the horizon....

[ryandj2222] 01/7/2015 12:44

I could possibly go that day, nothing on specifically!

[ianfellowes] 30/6/2015 19:21

Another bullish sign. I'm trying to free up my day to make the agm. I think it could be an interesting day. Anyone going?

[ryandj2222] 30/6/2015 08:09

Nice to see Spinks buy a few more shares!

[ianfellowes] 29/6/2015 21:39

Shaun i appreciate your honesty. I am very bullish about the future of AEG. RGS has a proven track record and some of the key kaquo stakeholders have invested heavily e.g. R. M. Derrickson which confirms what's happening behind the scenes. I think its a matter of when not if.

Good luck on your future investments.

Ian

[shaunstar] 29/6/2015 07:30

Money raised at decent price clears immediate cash flow worries - ill be closing my short after 17% fall since results.

I will not be re-opening my long however, the fact that they cannot grow without consuming more cash than they receive is a big worry for me, plus the uncertainty over the forestry now makes it impossible to accurately assess the odds of it happening. I hope for all holders it does but this is AIM and i've learnt my lessons the hard way (dont trust management speak and if something can go wrong, it quite probably will).

[jamesbrightwell] 18/6/2015 15:00

Shaun,

KPMG would take as much time as they can to use up all of the budget offered. With the first change in government for 40 odds years a delay of a couple of months is fine by me. Not to mention this new government is very positive on encouraging aboriginal prosperity and economic succeeds. This is lined up nicely. Short at your peril.

Cash burn?? The only cash burn will be on PPP or KAQUO projects which will repay us many times over. Production on it's way to 1.3m with investment going into the business this year. Expect next years results to blow everyone away.

[garth] 17/6/2015 08:11

Shaunster,

Subtle. Those are not new references.

You pays your money and makes your choice.

G.

0947 Addition to my original post from the January statement:

"The Board of AEG was at all times and continues to be fully appraised of this on-going process, and has been and continues to be fully satisfied as to the legal and regulatory processes followed by the three Métis Settlements.

AEG remains confident that its partners have at no time acted inappropriately in any way, and that this will be proven to be the case upon the conclusion of the investigation, which both the Métis Settlements and AEG welcome.

The Board of AEG does not expect that the findings of the investigation will be adversely prejudicial to KAQUO's interests and continues to expect that negotiations concerning one of the offers announced on 28 January 2015 will be concluded satisfactorily within several months.

The only real change is Ronald M Derrickson taking a near 5% stake in AEG. I wonder why? DYOR.

G.

[shaunstar] 17/6/2015 07:57

Doing a little more research on the investigation... It was reported that more than one formal complaint had been made and this was my metis people themselves. They relate to the process of consultation and length of the deal amongst other things. Kpmg were called in to investigate and its taken longer than originally thought.

This is good news to have a new date for investigation results.
However im still sceptical... Investigations dont extend and run on if its good news imho, that means theres more To the investigate than originally thought. It worries me the new references to legal and commercial validity that werent in the original rns about the investigation.

Meanwhile cash burn continues and the company must be close to a placing as planned according to recent results.

[nigelmoat] 16/6/2015 13:16

A few trades and the share price down by near on 10%. That's AIM for you. Top up time for me!

[deaconblue1] 09/6/2015 13:25

Talking of proactive, I've just been sent a link to a new video interview with Richard Spinks on ProactiveInvestors: [...]

It's worth 10 minutes of your time - he's obviously confident about the business and very bullish for the future.

I expect it'll be on the AEG website very soon as well.

[zeetruth] 09/6/2015 11:24

I am happy as larry with AEG. Proactive CEO and team looks like its rocking!

[zeetruth] 09/6/2015 11:09

I took the initiative and called Richard, whilst he was candid about whether or not there will or will not be a placement of shares and when that might or might not be. I was advised that the team at AEG would be very much welcome the participation of Shareholders whom have supported the company for so long and advised me that should I or any shareholder who wishes to be included in any potential future placing's should write the AEG’s CFO Brian Evans Jones, with their name, their brokers details including the person at that brokerage they usually transact business with. He assured me that should I or any Shareholder send this information to Mr Evans Jones, he would ensure that those people would be included in any placement. I have just sent my detail prior to posting this message and await news from my Broker.