Eqtec Share Discussion Threads

[king of thieves] 05/7/2018 10:29

Because I am KoT and it would help all my subjects.

Hope this helps.


KoT.

[discojames] 05/7/2018 10:16

Why would that help?

[king of thieves] 05/7/2018 10:09

For the avoidance of any doubts

I have lowered my buy target from 0.7p to 0.55p.

Hope this helps.


KoT

[mertymcs] 05/7/2018 10:01

I don't see this being much different to the last CLN and the market is reacting towards the share price hitting 0.6p in the next few weeks or even lower

[troutisout] 05/7/2018 09:57

PC,

Not sure if finance for construction has been arranged, the first loan instalment doesn't even cover repaying the CULNs and the placing will have cost and some of that will have to make up the balance of the CULN repayment, just about enough left for working capital before the interest on the new loan kicks in.
The second instalment isn't due for 6 months and the placing will have costs (look at the costs of the last one!).

So keep the lights on monies raised but not enough for them to start building out a project or even gearing up to it. I see the Newry gasification plant could be used in Vietnam, It was produced for Bulgaria, couldn't be used there, then transported to Newry, to not be used there, it is already several years old and cannot be construed as state of the art now, hence probably why it has to go to Vietnam.

I will caution that with all these projects there will be delays and disappointments there always has been, from Newry, Enfield, Plymouth, Newry mark 2, Clay Cross, they have always had the projects some with contracts signed, but they never raised the project costs and the delays, just meant they kept having these smaller raises to keep the lights on and even then a couple of times the lights were turned off temporarily until creditors accepted the bill to turn them on again and shareholders were diluted to oblivion....

[patientcapital] 05/7/2018 09:33

Yes, trout, at least we are all agreed that they can get started now that finance has been arranged.29/6/18OutlookEQTEC is making good progress and 2018 is shaping up to be a promising year for the Group. Management expects to sign contracts and subsequently start design and construction of at least one waste-to-energy gasification facility in the UK as well as another project overseas with a total capacity of ca. 18.5 MWe. These two projects are in a well-advanced stage of negotiations with the clients and the EPC contractors.In addition, the Company has recently started work together with Cobra on two identified projects and negotiations are ongoing to obtain exclusivity over these. The total power of both projects is ca. 35 MWe. EQTEC is also working with different partners at a set of three projects in France and two projects in California (USA), with a total power of the projects of ca. 8.5 MWe.EQTEC also expects to start the manufacturing activities in its ongoing project in Poland later this year, where together with the Group's partners at the POLYGEN Consortium, EQTEC aims to produce bio - Synthetic Natural Gas (bioSNG) in 2019. This will open a new vast market opportunity for the Company's EQTEC Gasifier Technology which will be used not only to produce syngas on a power and heat facility but also to produce clean and renewable fuels such as bioSNG, which will be injected into the grid.

[bob1995] 05/7/2018 09:13

Dilution at 0.6p as well. Shame on directors.

[troutisout] 05/7/2018 09:06

PC,

They have always had projects, the problem was getting the finance to get them started. This is why Ebioss wanted the AIM listing, rather than trying on the Madrid MAB. However the amount of shares sloshing around and the problems with getting finance has left EQT looking a bit poorly.

The sub penny SP, number of shares in issue have left it vulnerable and certainnly noot an attractive route to raise money.

The last CULN drew down £1.5m and has cost shareholders (including Ebioss) a huge dilution. Even now they are paying 10% interest on the loan to pay off the CULN outstanding amount.

This Company in it's any guises has always botched the financing and Mr Madden presides over this, while paying himself an extortionate amount of remuneration. Hopefully the BoD changes alluded to will be his departure....

[jon1962] 05/7/2018 09:04

God so glad out at over a penny! Thought there was not going to be dilution ? !

[patientcapital] 05/7/2018 08:58

Luis Sanchez, CEO of EQTEC plc, said: "As stated previously, the pipeline of projects is increasing in size and quality, we are making good progress and expect to sign contracts on two projects and subsequently start design and construction of at least one waste-to-energy gasification facility in the UK as well as another project overseas. In addition, we have several other longer-term projects at various levels of advancement, all of which gives the Board confidence going forward."

[troutisout] 05/7/2018 08:55

Well another botched finance job and look at the amount of shares to dilute.

So they basically got rid of the CULN at 0.6p, remember what the price was when they announced it. Look at the dilution that has resulted in the CULN debacle.

It looks like they are trying to force Ebioss to also invest to retain their 50%+ holding.

Lastly they have a habit of confusion when describing finance deals, so which figure do we take as the net/after expenses figure from these two statements in the RNS. Not sure if either cover the outstanding amount, conveniently stated in £'s so to look smaller than the $ amount to be used to pay it off (It will need $1,530206 to cover it at today's rate).

"-- The first instalment of the loan facility (net amount of approximately US$1.48 million) will be used primarily to redeem in full the amount outstanding under the convertible loan facility entered into by the Company on 28 February 2018. As at the date of this announcement, the redemption amount is GBP1.155 million."


"The Company will receive net approximately US$1.3 million after expenses from the first instalment.

The Company will use the proceeds of the first instalment of the Loan Facility to redeem the amount outstanding under the convertible loan facility entered into by the Company on 28 February 2018. As at the date of this announcement, the redemption amount is GBP1.155 million."

[patientcapital] 05/7/2018 08:53

If you don't hold of course you can't sell! Value now looking towards anticipated further contract news.

[bob1995] 05/7/2018 08:53

Nobody is shorting thus. Fund raise at 0.6p what do you expect. It will hit 0.6p tomorrow

[sonsonnyjim] 05/7/2018 08:44

Ignore bob the shorter, there's a difference between a public and institutional placing *eye roll*

[bob1995] 05/7/2018 08:35

Can't sell. Dilution after dilution. See you at 0.6p

[discojames] 05/7/2018 08:17

This really clears the fog for the future! Can't get a quote on any amount which is so annoying!

[jayj4u] 05/7/2018 08:13

Good luck K O T !

Now that all outstanding issues have been resolved, the management can focus on getting new business and adding value to the company. This is what you are missing!

Hence, i see this move up in the coming days/weeks...

[patientcapital] 05/7/2018 08:13

Market clearly liking this development. No wonder.

[king of thieves] 05/7/2018 08:10

I have lowered my buy target from 0.7p to 0.55p

Hope this helps

KoT

[jayj4u] 05/7/2018 08:09

0.89p to buy...!

[jayj4u] 05/7/2018 08:08

No Bob, I dont see 0.6p..... They have many contracts to sign and future is BRIGHT for this company.... Worth buying these at this price! 2p IS COMING VERY SOON!

[bob1995] 05/7/2018 07:53

0.6p we go. Such a shame

[jayj4u] 05/7/2018 07:39

this stock has a great potential but today could be the day to buy. News of new contracts will be coming in next few weeks. let me see how i can build a stake in this company.

[discojames] 05/7/2018 07:21

It's very different. No Bercheva and BoD reconfigured

[mertymcs] 05/7/2018 07:05

How is that different to the last CLN?