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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Eqtec Plc | EQT | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.475 | 07:32:12 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.475 | 0.475 | 0.475 | 0.475 | 0.475 |
| Industry Sector |
|---|
| ALTERNATIVE ENERGY |
| Top Posts |
|---|
Posted at 15/11/2024 12:49 by block4gooner So EQT sold all its 60,606,061 shares in MNRG for £200k which equates to 0.33p average as MNRG sits at 0.51p so if they sold today or yesterday would be worth £300k |
Posted at 10/10/2024 10:47 by stevea171 Another £95k down the Swanny.INSP a few days ago announces a halt to development and is to become a cash shell. DP has just chucked away another £95k to his mate John Gunn. EQT will likely get nothing back. The genius CEO. Has he made even 1 good investment? EVER? 28/5/24. Inspirit Energy (INSP). The developer of micro combined heat and power boilers and waste heat recovery sees shares jump on order to develop and sell an inspirit waste heat recovery engine to Eqtec PLC. The contract is to supply one initial unit for £150,000. Payment for the initial unit will be separated into two instalments, the first being an immediate £95,000 before the balance is paid six months later. Proceeds will help Inspirit with final testing, continued development and delivery of the unit, which is expected to occur between the first and second quarter of next year. |
Posted at 05/10/2024 08:06 by tenapen When chung and Mrs deccer where all over EQT along with share talks crew .... I told them straight it was a dud as eqt had no money = expensive loans and too many projects.Happy to help you chung - no thanks required my boy |
Posted at 25/9/2024 12:37 by stevea171 Is this second hand 'news' worth anything?! From LSE 23/9.>>> No news on North Fork from Palumbo even though we gather from Phoenix it is up and running, (although as we have discovered with Italy up and running has a very loose definition), The lack of news and actions to destroy shareholder value is straight out of the MBO playbook, If North Fork is operational it is likely to be stop/start as per the Italia MDC which would be why EQT doesn't want to mention it ...... |
Posted at 16/8/2024 13:27 by stevea171 This £2 million is already spoken for. See Accountant's view post 5071 above.EQT is brassic. |
Posted at 16/8/2024 10:22 by marktime1231 ahem "continuous production" !!!!If EQT had cracked that on feedstock other than olive waste we would all be millionnaires |
Posted at 16/8/2024 08:23 by scrutable Too much bile is being spilt here recently. Look on the bright side. This morning by 09.15 the tally was: 22 buys and not a single sale. The contractual £2m cash is expected today bar the application of Sod's Law.Nonone other than VRS with their large sale Fischer Tropf process for biofuel, for BA, have anyone else in the world achieved what EQT have done in Italy and Spain - continuous production of syngas and/or electric power, from wastes. Idex is better olaced than anyone else here to judge progess. The Idex investment validates that the technolgy has promise of steady state implementation. and is no longer possibly just smoke and mirrors - deliberate deception. |
Posted at 12/12/2023 09:47 by stevea171 Refi. The Italia MDC saga looks like its going to the wire.EQT deadlines are never met. Italia MDC deadlines are never met eg 4/9. "a series of performance improvements anticipated to be completed in early Q4 2023" 6/11. "is implementing a series of performance improvements which are anticipated to be completed in Q4 2023" So on past form the most likely next announcement will be to continue to push out the date into next year and beyond the end of this financial year. Note in the September announcement "supporting Italia MDC in its endeavours to drive more productive and continual operations." This is a clear reference to the stop/start nature of the plant's operations that has been reported independently by a poster on LSE with a contact working there. This reduces productivity and likely leads to loss making operations which necessitates this Bank loan of EU2.9 million to cover losses incurred to date and tech remediation. EQT won't say what are the implications for North Fork or Larissa or any other plant of current design. EQT is on the edge of both the finances and tech letting it down with company closure not too far away if the tech at Italia MDC is not remedied. 4/9/23. Provision of funds through the Facility is subject to the Plant's achievement of certain performance criteria set by the Lender. Supported by EQTEC engineers, EQTEC Italia MDC S.r.l. ("Italia MDC"), the operating company for the Plant, is implementing a series of performance improvements anticipated to be completed in early Q4 2023, at which point, assuming the required performance criteria have been achieved, Italia MDC will draw down the amount of the full Facility. The Plant became operational in March 2023 and EQTEC completed handover protocols and transfer of plant operations to Italia MDC in June 2023. The Company remains actively involved with supporting Italia MDC in its endeavours to drive more productive and continual operations. |
Posted at 21/9/2023 17:37 by stevea171 This court action by EQT will be defended and could take 6-12 months to be heard?A statement from Logik Developments said: “At present, no such claim has been served on either Logik Developments Limited or Logik WTE Limited and we cannot, therefore, comment on the precise nature of EQTEC’s claim. “It is correct that we have been in discussions with EQTEC in recent months about their alleged claims and such discussions have been conducted through legal channels via our respective solicitors. “We note from EQTEC’s announcement that the total amount claimed is circa £4m. This is surprising to us given that all pre-action correspondence to date has been limited in value to claims amounting to circa £2.9m. It therefore appears that EQTEC have acted prematurely in issuing Court proceedings against Logik in circumstances where they have not provided any details about the balance of their alleged claim (totaling £1.1m) as they are specifically required to do as part of any legal process before Court proceedings are issued.” The statement added: “We refute EQTEC’s allegations entirely and in the event that any claim is served on Logik, this will be defended to the fullest extent. “We also note that EQTEC claim that they have made numerous attempts to engage with us towards a resolution of these matters more recently through legal counsel. EQTEC also claim that we have rejected invitations to work through the issues constructively or failed to follow through on an agreement to meet with them. “This is, quite simply, incorrect and as part of the recent correspondence passing between our respective solicitors, it was actually us who offered to meet with EQTEC’s representatives to try and engage in commercial discussions with them in an attempt to resolve matters; however no response at all has been received from EQTEC or their solicitors to this offer of a meeting and that was where matters stood prior to EQTEC’s recent announcement that it has issued a claim against Logik. “In the event that EQTEC consider that they have a claim against Logik for any alleged breach of the SPA or the Deeside Project, then that is a matter for them and this will present them with a damages claim; however, as explained, we refute EQTEC’s allegations entirely and consider that there is no legal basis to their claims. We will have no hesitation in defending our position through the Courts if that is what is ultimately required.” |
Posted at 04/9/2023 11:11 by marktime1231 Despite the catty squabbling here, which I think is because Steve has about-faced from being stubbornly argumentatively defensively cloth-eared positive to negative, this rns does reveal that Italy MDC is not operating as intended. To be fair to Steve being positive became unsustainable and you are allowed to change your mind on the evidence, but as someone who was once on the receiving end of his snap I can understand it might grate on those who were suspicious all along. And on those who now are desperate for a revival, to be so negative all the time apparently long after divesting. At least we are getting a critical analysis of the bilge coming out of EQT pr team and what it really means. But, on balance, if that France funding is realised then EQTs future is brighter but then it could hardly have got any worse. Anyway ..."EQTEC Italia MDC S.r.l. ("Italia MDC"), the operating company for the Plant, is implementing a series of performance improvements anticipated to be completed in early Q4 2023, at which point, assuming the required performance criteria have been achieved, Italia MDC will draw down the amount of the full Facility. The Plant became operational in March 2023 and EQTEC completed handover protocols and transfer of plant operations to Italia MDC in June 2023. The Company remains actively involved with supporting Italia MDC in its endeavours to drive more productive and continual operations." The key word here is "continual". It doesn't work as a steady continuous automated process, there are interuptions or interventions necessary which means staff time which means unbudgeted costs. So Italy MDC might operate technically fine only in discrete batches, not according to the business plan, and will indeed be loss-making. It has been my guess all along that this involves the feedstock end of the process, or it could be residue glazing and contamination in the fluidised bed, something which has baffled every other group trying to integrate waste gasification plant, and something which has taken four or more years to try and resolve rather than the 1 year envisioned here. It would have been helpful to have provided some operating detail ... waste processed, net energy exported etc ... versus target. And financials, so revenues and costs against tonnes and kWh, in the kind of way material processors and energy companies give updates. I guess they are still working on how to report, not having had anything to say until now. No mention of the opportunity to sell off the black soot residue. I do not understand the financial consequence of this announcement on EQT itself. Someone in the meantime needs to be providing Italy MDC with operating cash flow, is that what EQT mean when they say they are providing support. And in the meantime presumably EQT is not receiving proceeds from a financial close or net income, clobbering the outlook. Given the parlous state of EQT and the rate at which it spends cash do we have another going concern and funding problem, or is that saved by the promise of funds from France? |
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