Eqtec Share Discussion Threads

[k1ngkonggb] 08/6/2020 14:02

Maybe 30p in about 10 years time!!

[apple pear] 08/6/2020 14:00

The whole waste to energy sector is really coming into vogue now.

[tell sid] 08/6/2020 13:54

EQT back to 30p+ soon.

EQTEC PLC
28 May 2020

Projects and Commercial Update



EQTEC plc (AIM: EQT), the technology solution company for waste gasification to energy projects, is pleased to announce the following update on its projects and commercial activities.

United Kingdom

Billingham:

-- Work for full detailed quote for the grid connection has been completed by grid operator, Northern Powergrid, and the quote has been received and accepted by EQTEC. The requisite assessment and design fees have been paid to Northern Powergrid.

-- Non-binding project finance term sheet received for the project, which has been signed by EQTEC and is being assessed by a consortium of potential equity investors. The funding structure set out in the term sheet comprises both senior debt and mezzanine tranches and requires an equity contribution from the consortium of developers of, in aggregate, 10% of the total project CAPEX, currently estimated at c. GBP170 million.

-- Following detailed technical due diligence on EQTEC's advanced gasification technology, an offer for a Technology Warranty Insurance Policy was offered by an international underwriter of speciality insurance products for the project. The nature of cover offered and the level of insurance premium is considered by EQTEC to be in-line with expectations and it is to be offered to the funders and the EPC contractor as part of the project structure.

United States of America

North Fork:

-- Detailed engineering plan completed and delivered by EQTEC, in April 2020, to the EPC contractor and Phoenix as planned and the second payment milestone invoice of EUR770,000 was received by the Company in May 2020.

-- Preparation work commenced in-line with the project programme, including the requirement to have the equipment located at the Group's Newry site in Ireland being shipped to the US by no later than August 2020.

NAPA:

-- Full planning permit for the new location (initially to accommodate a larger 2MWe capacity power plant) is still under process with some delays attributable to COVID-19.

-- The client is now evaluating the option of a larger installation and requested a full quote for an increased 3MWe plant. This was completed and provided by EQTEC.

Europe

Agrigas:

-- Full project technical due diligence report completed by TUV Hellas, the nominated engineer of the local Greek bank (the "Bank") offering the project finance, which has now been presented to the Bank.

-- Project third party financial due diligence requested by the Bank, which was carried out by EY Greece, has also been completed and provided to the Bank.

-- The Bank's credit committee meeting for project final approval was rescheduled to first week of June 2020, due to the Bank prioritising COVID-19 related loans in Greece, with a response expected during June.

ewerGy/ECO Hellas Pipeline:

-- 13 potential new projects in the Balkan region have passed the initial due diligence phase and, accordingly, now fall under the scope of the framework agreement (announced on 16 March 2020), including exclusivity.

Commercial:

-- 10 new commercial enquiries have been received by the Company in Q1/early Q2 2020 and full detailed commercial offers, with an aggregate potential sales value of c.EUR120 million were made by the Company during that period.

-- EQTEC has progressed discussions with a European Infrastructure Operator of district heating and waste to energy and, together, the parties have selected three potential projects for financial due diligence, which has already commenced. Once completed, the intention is to develop the projects together under a new framework collaboration agreement.

David Palumbo, CEO of EQTEC, commented:

"I am pleased with the ongoing progress that EQTEC has made during this challenging time. As we approach H2 2020, we continue to focus on executing our strategy with special emphasis in seeking strategic partnerships to enhance our portfolio opportunities. We are already experiencing an increase in the number of large operators that are engaging in conversations with us regarding collaboration opportunities. We believe the coronavirus pandemic may influence the pace and nature of climate action positively and we will be ready to seize inspiring and fruitful new partnerships to apply our solutions."

[sharetalk] 08/6/2020 13:37

COMMERCIAL PROPOSITION FOR SHAREHOLDERS

EQT Presentation & Interview (12/5/2020):


1) Slide at 11 min 58 sec - Waste to Energy Market Opportunity for EQT:

a) Europe:

-- Existing W2E plants = 500 @ €70bn: Serviceable Available Market to EQT = €20bn.
3% Serviceable Obtainable Market to EQT = €600m next 10 yrs.
-- New W2E plants (2020 - 2030) = 200 projected @ €30bn: SAM to EQT = €7.5 bn

b) Rest of World:

-- Existing W2E plants = 1500 @ €150bn: Serviceable Available Market to EQT = €30bn,
1% Serviceable Obtainable Market to EQT = €300m next 10 yrs
-- New W2E plants (2020 to 2030) = 1000 projected @ €100bn: SAM to EQT = €20 bn

2) Slide at 17 min 24 sec - EQT Target Verticles with Secured Project Pipeline:

a) Agric + Industrial Wastes = €18m next 3 yrs + €18m (O&M) next 10 yrs.
b) Biomass = €13m next 3 yrs + €7m (O&M) next 10 yrs.
c) Municipal Solid Waste = €40m next 3 yrs + €9m (O&M) next 10 yrs.

Total = €71m next 3 yrs + €34m (O&M) next 10 yrs

To which you would add extra projects subsequently mentioned in the 28/5/2020 press release, including:

-- 13 potential new projects in Balkan region.
-- 10 new commercial enquiries Q1/early Q2 2020 with potential sales value €120.
-- European Infrastructure Operator selected 3 potential projects.

-- Plus any other projects they subsequently secure.

3) Comparison with ITM Power (Market Capitalisation £1.55 bn on 8/6/2020):

ITM Update (8/6/2020):

-- ITM backlog = £52.4m (£21.8m under contract + £30.6m in negotiation).

4) Conclusion:

-- EQT heading for a £multi-billion valuation?

[royalalbert] 08/6/2020 13:28

Jrrhya we are talking pounds? also six years away from posting, you must be confident.

[snoopy12] 08/6/2020 13:23

Probably show up later. Good luck

[bmwman3] 08/6/2020 13:19

Nice good luck! Great timing!

[jrrhya] 08/6/2020 13:09

Invested 49k just now

[bmwman3] 08/6/2020 12:25

Mom's collecting for next leg up! Don't sell them cheap!

[32campomar] 08/6/2020 12:17

As good as the story Is no share on the planet can treble in less than a fortnight without a pullback. Hugely overbought in the short term.

[dafad] 08/6/2020 12:05

25 MILLION @ .47..DATED 5TH

[dafad] 08/6/2020 12:03

Massive trades gone through

[bmnsa] 08/6/2020 12:02

Fishing op over,going up now after collecting a few from weak holders.

[mikepotash] 08/6/2020 11:57

All those folks from fjet with a bit of cash to low!

[bmnsa] 08/6/2020 11:41

I'v thrown Everything at it already, earlier on today.
Sold several other holdings to get ahead of the crowd,which will continue to follow us in here.

[tenapen] 08/6/2020 11:41

Garth, Thanks for taking the time to post, ill take a look later.

EQT is still a red flag to me. Posts being deleted for raising questions on the other thread, Never a good sign.

Good Luck

[skinny] 08/6/2020 11:39

From A TA point of view, its looking very over bought.

[bmwman3] 08/6/2020 11:36

Little pullback! Buying opportunity

[bmnsa] 08/6/2020 11:03

Go with the day by day continuous rises,eqt's prospects, the green energy vogue + charts and the northerly flow :))

[tell sid] 08/6/2020 11:03

EQT return to 30p+ soon.

[garthgreyling1] 08/6/2020 10:41

https://eqtecplc.com/wp-content/uploads/2019/12/EQTEC-Gasifier-Technology_Brief_EN_Dec19.pdffor your benefit tenapen - see page 16

[garthgreyling1] 08/6/2020 10:36

tenapen,1. EQT can produce syngas from plastics.2. Hydrogen can be produced from syngas so syngas can be sold with this in mind.

[juju44] 08/6/2020 10:34

Bought a week ago expecxting a recovery . Never expected it to be this good so quickly . When the force is with you ......