Eqtec Share Discussion Threads

[whatsthepoint] 03/1/2020 14:01

False drop again shook out some weak holders

[whatsthepoint] 03/1/2020 11:14

we shall see what don't you like about this deal in California?

[whatsthepoint] 03/1/2020 10:50

hi Jak I agree it was a pos company but this news gives them a fighting chance just like the deals Powerhouse have done this sector will soon have its day

its a good shout at these lows start of some revenue

[whatsthepoint] 03/1/2020 09:42

Let's see if buys now shift the offer

[whatsthepoint] 03/1/2020 09:28

Oops just as I posted there is the big sell order filled

[whatsthepoint] 03/1/2020 09:25

Guess the Mm are working another big sell order 13 mil buys unopposed by any sells and no movement in offer.

[whatsthepoint] 03/1/2020 08:41

This is quite a steal at this price I am surprised it's so quiet. Looks like MM won't allow many big buys just small trades. They want to hold it down imo

[whatsthepoint] 03/1/2020 08:11

This really should be moving up nicely. The profits from this one deal alone justifies probably double the current SP

[whatsthepoint] 03/1/2020 07:50

Great article. North Fork Biomass Project Closes Financing, Plant Construction to Start in AprilPosted by: George Lurie January 2, 2020 - 3:15 pm 0 733 ViewsNORTH FORK – Backers of a plan to build a $15 million biomass plant in North Fork confirmed Tuesday that financing on the project closed escrow in the final hours of 2019 - paving the way for construction to finally begin in April."We closed just hours before midnight on New Year's Eve," said project coordinator Greg Stangl of Phoenix Energy. "It was a real nail biter."Millions of dollars in state tax credits attached to the project were set to expire at the end of 2019 if plant backers could not sell the tax-exempt bonds necessary to fund construction. At one point in late 2019, seven different law firms were simultaneously involved in finalizing details related to orchestrating the complex bond sale."Everything's now been signed and the investors' money is in our bank account," Stangl confirmed Tuesday. "North Fork Community Power (NFCP) now has the resources necessary to complete the project."Stangl, CEO of private-label power company Phoenix Energy, is partnering with the North Fork Community Development Council (CDC) and new player EQTEC PLC, a company based in Ireland, in the plan to build the 2-MW plant.Phoenix and the CDC each own roughly 30 percent of NFCP while EQTEC now has a 20 percent ownership stake in the project, which, in its current configuration, has been in the planning stages for nearly a decade.EQTEC CEO David Palumbo said on Tuesday: "We are delighted that together with Phoenix Energy we have now achieved financial close with North Fork. Despite facing challenges outside our control in the financial closing process, both teams worked relentlessly and creatively" to get the deal done."Reaching financial close is a crucial milestone for us," Stangl said. "And the partnership established with EQTEC has been instrumental getting us here."Stangl said he will continue to be the project's day-to-day manager. "We'll spend the next couple of months in engineering," he said. "As soon as the soil at the Old Mill Site dries out, we'll start building - probably no later than April or May. By April of 2021, we should be in a position to flip the switch."North Fork Community Power plans to sell the energy generated at the plant to PG&E for $0.19 cents a kilowatt. Ongoing bankruptcy issues at PG&E had been a major roadblock in trying to get the project financed.The new plant will create at least a dozen new local jobs and operate 24 hours a day using giant gas engines to convert dead trees into electricity - and biochar, a by-product Stangl believes could some day be as valuable as the electricity produced at the facility.Close of financing on the North Fork project is also encouraging to backers of plans to build similar biomass power plants up and down the Sierra in areas historically once home to bustling lumber mills, including Mariposa.District 5 Supervisor Tom Wheeler said he was ecstatic when he heard the news about the North Fork project. "Finally, after almost 20 years of trying to make something like this happen. Hallelujah!""This is going to be such a big plus for North Fork and the CDC," Wheeler added. "Now they'll be able to get more businesses to come into the Old Mill Site - and be able to electrify them more cheaply."Under the terms of its agreement with the joint venture, EQTEC will be paid about $2.5 million by NFCP for equipment and the supply of engineering and design services for the project going forward.Stangl estimates the new biomass plant, once operational, will have a valuation of about $20 million - and be capable of generating annual revenues of approximately $4 million."It's been just an incredibly difficult and amazing process getting the project to this point," he said Tuesday. "I feel like half the State of California, including Governor Newsom, worked on this for us quietly behind the scenes."Stangl also singled out Supervisor Wheeler as "one of the unsung heroes in helping to make this happen.""So many people like Tom had to go to bat for us on this," Stangl said. "Now we can go into 2020 with a renewed enthusiasm and confidence. Project's like this can make a real difference for our environment and society."

[whatsthepoint] 02/1/2020 16:37

Interesting 3.5 mil UT trade at .21 to close That's a bit of a jump shows we will see further upside tomorrow soon after open. IMO

[whatsthepoint] 02/1/2020 16:30

Not mine I never said anything of the sought. In fact o highlighted how very toppy it killed at .20. I think I have called it spot on all day. Now it has levels of I would expect another test of .20 tomorrowBut it will take a lot of buying with so many shares in issue But the landscape has changed with this news

[matunde24] 02/1/2020 16:27

Well let me see ur 0.4 prediction for tomorrow yeah?

[whatsthepoint] 02/1/2020 16:16

Shake over

[whatsthepoint] 02/1/2020 16:10

From the article Following recent share issues we calculate a 1.631p per share EV/EBITDA multiple based end-2020 target price for EQTEC, some nine times the current price of 0.18p. Following the recent positive developments we expect to provide a detailed update note on the company shortly. For now, we maintain our stance of Conviction Buy.

[whatsthepoint] 02/1/2020 16:03

Almost the lowest price of the day to Buy. As only a handful of shares were purchased lower than this on the opening.

[whatsthepoint] 02/1/2020 16:02

Are you still buying as the dip seems to be becoming a collapse back to where I started ?

[whatsthepoint] 02/1/2020 15:53

Not only large sellers but also a persistent 2 mil block seller today.

[whatsthepoint] 02/1/2020 15:23

Why delay a 10 million purchase for 5 hours when they display both a 35 million and a 30million at the time of the trade. MM are a law unto themselves they only do things for their own benefit This makes no sense. Anyone have any idea what they are playing at. Are there many more very big buys still to be posted.

[whatsthepoint] 02/1/2020 15:14

Now there must be over a 100 million of shares purchased today that are sitting on tidy losses. The seller has killed today's rally stone dead. What is everyone's thoughts now. Does this Drop back to .125 placing price or what ?

[whatsthepoint] 02/1/2020 15:05

Wow there's the reason this is now looking very shaky. Another huge dump of stock.

[whatsthepoint] 02/1/2020 14:44

There were only about 28 million shares purchased below 17p. Amazing how the MM always seem to win

[whatsthepoint] 02/1/2020 14:41

Trading has all but dried up now the day traders won't want a position over night and the MM know they will all be itching to sell for their losses not many have purchased on the day on a profit now. Coming back to a level where buyers might be attracted though.