Eqtec Share Discussion Threads

[m4rtinu] 21/9/2020 16:02

Hoper - all fair points, but we are in unprecedented times. Especially health-wise. Investment-wise, a further, likely market correction (possibly crash) before market has recovered from previous one. And dare i say it, Brexit too, to account for.

Personally, i'll do my usual and sit on my hands. Probably better to cash in losses and sit on sidelines.

[hoper1] 21/9/2020 15:16

Eqt 10 million in the bank plus income, contracts in the pipeline, world beating technology, first class technical team, dynamic new leader, world needing greener solutions... what's not to like? Buy when others are fearful!

[m4rtinu] 21/9/2020 14:55

Most charts must be showing some kind of a spike down today. Markets down 3% in general. Eqt down 9%. Not really a time to be invested in anything risky.

EG: ITM down 10%.

[juju44] 21/9/2020 13:51

Chart broken down . Sad

[juju44] 21/9/2020 12:11

The patent debacle and now the Billingham delay have crushed the euphoria of 3 months ago . Shares cannot climb if they keep hearing poor news

[davidblack] 21/9/2020 10:50

It did and then all the soft holders sold, then the 20% profit crowds and what’s left are the “Investors.221;

This mornings market drop should nicely encourage the transaction to complete at a slightly cheaper price, a modest benefit but a benefit just the same.

[paul8515] 21/9/2020 09:56

This will go to placing price. Mark my words. Plenty of time to load up for the next pump and dump. Must be the 5th or sixth in the last couple of years? Easy share to make money on.

[davidblack] 21/9/2020 09:25

Brilliant mind except they just banked £10m on an over subscribed placing.

Did you loose money here in the pre DP period?

[paul8515] 21/9/2020 08:45

This will end up at the placing price by the end of the week. When a company puts bad news on a Friday afternoon RNS you know it's not just a small glitch. The city punishes missed deadlines - don't try and hide it like a naughty school boy who's forgotten his homework.

[juju44] 21/9/2020 08:38

Would not like to see any further fall as chart is close to breakdown

[stevea171] 20/9/2020 08:31

Almost there! A 2 month extension has been agreed but hopefully they will not need all of that time.

The final points could be settled and the contract put to bed in weeks or a month but they have given themselves the maximum it might take so as to prevent another extension.

[stevea171] 20/9/2020 07:49

This is a 2 month delay to the BIllingham project. Progress has been made over the past 3 months as stated and this further extension is over a non core issue. The project is going ahead.

The remaining issue:
"the aim of finalising the preparation of a legally binding option agreement with Scott Bros which, if agreed, will grant EQTEC and its partners the right, but not the obligation, to purchase the entire issued share capital of Billingham EFW Limited, the Project SPV, from Scott Bros, subject to agreement on consideration and other terms. "

As I understand it, this option if exercised in the future would allow EQTEC, Cobra etc to own the project with ongoing revenue and profit in addition to that announced at the outset ie

8/5/2019: MOU with Scott Bros and COBRA for 25 MW MSW / RDF plant. Project value £150m to £180m, worth approx £40m (25%) to EQT for construction, + other ongoing revenues approx £1m to £2m pa over project lifetime.

EQT appears to be thinking ahead that when it is a larger company it would like a greater share of profit in its projects.

[stevea171] 20/9/2020 07:31

RNS Number : 4828Z
EQTEC PLC
18 September 2020
("EQTEC", the "Company" or the "Group")

Waste gasification and power plant at Billingham, UK: MOU Extension

EQTEC plc (AIM: EQT), a world leading gasification technology solutions company for waste-to-energy projects, is pleased to announce that the Parties have agreed to extend the exclusivity period of the Billingham MOU until 22 November 2020.

On 8 May 2019, the Company entered into a conditional Memorandum of Understanding (the "Billingham MOU") with COBRA Instalaciones Y Servicios ("COBRA"), the Company's strategic partner for the development of waste-to-energy projects, and Scott Bros. Enterprises Limited ("Scott Bros") (together, with EQTEC, the "Parties") to jointly develop the proposed up to 25 MW Billingham Energy waste gasification and power plant in Haverton Hill, Billingham, UK (the "Project"). The Billingham MOU has been the subject of previous extensions, as announced by the Company on 23 October 2019 and 23 June 2020.

Subsequent to the extension announced in June 2020, the Company has progressed the proposed development of the Project, including inter alia: discussions with potential co-developers and funders; instructed and received a full quotation for the grid connection from the grid operator, Nothern Powergrid; and completed technical due diligence with insurance providers.

The extension of the exclusivity period announced herein is with the aim of finalising the preparation of a legally binding option agreement with Scott Bros which, if agreed, will grant EQTEC and its partners the right, but not the obligation, to purchase the entire issued share capital of Billingham EFW Limited, the Project SPV, from Scott Bros, subject to agreement on consideration and other terms. Today's Billingham MOU extension supersedes all other agreements between the Parties regarding the potential acquisition of the SPV.

[halfpenny] 18/9/2020 23:09

Davidblack, agree lets be positive and get all to support EQT. Even Marvel has now probably added to EQT thats good so we give a positive review fo EQT. We all should agree to drive EQT solutions to save the planet before its too late!! Onwards and upwards with positive news in the pipeline..roll on next week...

[squeamish1] 18/9/2020 17:15

Fair enough Davidblack, toe dipped at .55p this afternoon. Buried in the ISA to be forgotten about for a while.

[m4rtinu] 18/9/2020 15:54

Billingham extension announced. Extract:

"The extension of the exclusivity period announced herein is with the aim of finalising the preparation of a legally binding option agreement with Scott Bros which, if agreed, will grant EQTEC and its partners the right, but not the obligation, to purchase the entire issued share capital of Billingham EFW Limited, the Project SPV, from Scott Bros, subject to agreement on consideration and other terms. Today's Billingham MOU extension supersedes all other agreements between the Parties regarding the potential acquisition of the SPV."

[davidblack] 18/9/2020 10:38

Just buy it and park it.
This is not really for trading unless that’s your sport.

Just tuck away a few and wait till it gets to 2p, 4p, 6p etc.

Apparently “The future is going to be rubbish“ so this is a great stock to be on message with that theme!

[squeamish1] 18/9/2020 09:51

1% Stamp Duty is a bit rich on an AIM stock. Irish register I assume, bit annoying

[m4rtinu] 17/9/2020 13:19

Back on the steady upward trend towards 0.6p and beyond. Big (good) news and the gradient changes.

[run12] 17/9/2020 12:53

Thanks Steve,
Looking better and better by the day.

[halfpenny] 17/9/2020 12:50

Steve, good update for those waiting for 0.65 then 1p plus.

[m4rtinu] 17/9/2020 12:46

Thanks for info Steve.

[shareman1111] 17/9/2020 12:44

News tomorrow or Monday ?