Eqtec Share Discussion Threads

[juju44] 12/7/2023 12:03

I should have ditched long ago but didnt . I think its time to hold on for now

[vatnabrekk] 12/7/2023 11:56

O dear, and I sold a goodly chunk of my holding yesterday!
BAH!

[aja2] 12/7/2023 11:55

It hasn't leap frogged Limoges; Limoges was instigated in March whereas Villers was last year.

[marktime1231] 12/7/2023 11:49

Eh?! So "it" does work then ... at least the EQTec gasifier plant does to the satisfaction of Idex, but what about the end-to-end process? Is that demonstrated by Italy MDC?

" The project will see the replacement of core technology and relevant ancillary equipment at an existing plant originally developed by Group Bonnefoy at its stone quarry site located at Villers-sous-Montrond, Doubs, France, near the Franco-Swiss border. The existing gasification plant was designed using non-EQTEC technologies but was never fully commissioned, as the previous technology did not successfully complete performance and endurance tests. As a result, the previous project company, SPV Synnov Déchets SAS, entered bankruptcy in November 2021, after which the Company was approached as a potential buyer.

The Company on 14 March 2021 announced its intention to acquire, upgrade and recommission the 6.5 MWe plant, replacing the failed gasification technology with EQTEC technology. On 07 September 2022, the acquisition was approved and finalised by France's Ministère de l'Économie, des Finances et de l'Industrie (MINEFI). It is the Company's intention that the France MDC process diverse feedstock, with a combination of wood, contaminated wood and RDF and is expected to be France's largest ever gasification project for combined heat and power. "

Imagining this to be a turning point for a moment. The sale of France MDC and any milestone payments (fat chance! Let's note now the plan to commission Q1 2025 and watch what happens) are trivial compared to someone else eg Idex paying E15M over three financial years to EQTec to build/acquire, install and integrate the plant. EQTec gets real cash flow and someone else is taking most of the risk if it doesn't operate successfully or gets delayed or costs run up etc.

If we can believe in this, this sort of deal is exactly what we wanted EQTec to be doing with major partners in the UK two and three years ago. Worth a better response than a recovery to 0.18p from 0.14p you would think, compared to late 2021 price ranging around 1.25p. Can we believe this, eyebrows raised?

Never mind the blah about this being the start of other opportunities, and why has this leap-frogged Limoges ... converting an existing site versus original development perhaps?

[pa123] 12/7/2023 11:46

i mean shares bought!!

[pa123] 12/7/2023 11:46

yes, and someone agrees, 5 million + sale just gone through!

[schofi2] 12/7/2023 11:43

What a great deal, what is not to like. Could be the way of future deals.
It really shows the intrinsic value of this company.
EQT on the rise from here.

[hsdeo] 12/7/2023 11:06

sell off imminent! take your profits while you can.

[stevea171] 12/7/2023 11:05

Can we expect yet another cash raise and dilution of holders on the back of this spike in the SP?

Fool me once, shame on you.
Fool me twice, shame on me.

[mortgage freeman] 12/7/2023 10:37

???crazy but just a 3 nagger to go now

[badger010776] 12/7/2023 10:32

Still 68% down in sipp...after averaging down. Davy boy still has a lot to do to get back on my Christmas card list...

[skinny] 12/7/2023 10:30

As it stands, back to the 50DMA.

I'm "only" 38% down and in no hurry to average down!

[badger010776] 12/7/2023 10:25

I also added another grand to my SIPP this morning. I must be crazy..

[stevea171] 12/7/2023 10:17

Doubt it. PI's have seen enough of this company to know what it's about.

[juju44] 12/7/2023 10:08

But if the perception improves we could see a run

[stevea171] 12/7/2023 10:06

I would say it's the kind of PR exercise that is the hallmark of this company.
So far they have proven nothing with their tech.

Italia MDC. No details of performance or profitability. This is an integration of EQT built tech from a previous business failure and addons.

France MDC. This is proposed to be an integration of a much larger and more complex failed third party tech with EQT tech that has never been tried before.

If it took 6 months to get the Italia MDC 'handed over' with EQT engineers remaining on site to stabilize production, how long for the French MDC? Forever?

I see EUR750,000 payment to EQT on completion of the transaction. Probably Q3/23.

Another EUR750,000 in stage payments over 18 months subject to performance.

EUR15 million for equipment unspecified, but likely including supply of EQT designed equipment fabricated in the EU, for engineering services, commissioning and licensing over 18 months as incurred. No breakdown provided so it appears this is all free cash which it is not. Some of the engineering services/licensing may be invoiced H2/23. No details provided.

This project is full of uncertainty, full of risk and will do very little to ease the cash flow problems the company has been suffering from and is suffering currently.

[jbennett] 12/7/2023 09:58

Fear, uncertainty and doubt.

[juju44] 12/7/2023 09:51

I must have totally lost the plot - just added

What is FUD?

[badger010776] 12/7/2023 09:49

I'm chewing hat - still got loads to regain but v positive ..

[aja2] 12/7/2023 09:44

They never died; you just sowed FUD.

[juju44] 12/7/2023 09:41

Is there life after death ????????

[gspanner] 12/7/2023 09:21

So all the pessimists yesterday - where are you?

This is exactly the sort of deal we have been waiting for the over the last 5 years. Some immediate cash, another tranche soon and then €15m over the next 18m (most likely 2024). It’s the kind of deal that has been impossible to get over the line in the U.K., but with Idex as a partner not the minnow shiesters they had to deal with its across the line.

A subdued reaction IMO, traders with inside info out this morning. Should raise the mcap back towards £50m before further deals. Breathing space so they don’t have to accept a lesser deal in Italy…. clear figures.

Well done!

[folderboy] 12/7/2023 07:55

Almost as nice as that 1 Million buy before the bell. It's a level playing field!