Eqtec Share Discussion Threads

[skinny] 28/5/2020 07:06

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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. £170 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 €770,000 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.€120 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.

more.....

[cmackay] 27/5/2020 17:08

As a holder of both, I must admit it seems the market has it skewed.

I am not in a position to add any here but I took a couple grand out of phe today for expenses. I will be holding here for long term potential to be realised.

[hiddendepths] 27/5/2020 12:32

Powerhouse surges through 2p while EQT continues its merry sideways journey. I repeated TellSid's posts on their thread to point out the anomaly anew.

[royalalbert] 26/5/2020 19:13

You did well to receive that many.

[gspanner] 26/5/2020 18:57

Got 2.5mil, just goes to show what’s jungle it is out there...

[gspanner] 26/5/2020 13:39

I suspect you are correct RA, but no harm done if I get a few!

[royalalbert] 26/5/2020 13:01

So under the radar this share, bobbing along, a sniff of good news and anything could happen.

Gs think you would be lucky to achieve that order, but good luck anyway.

[gspanner] 26/5/2020 12:56

Well I cannot get a quote for 1mil, so put an order in for 5mil at 0.181, let’s see how many i get!

[royalalbert] 26/5/2020 12:46

Can only buy £1000 worth, over sold.

[gspanner] 19/5/2020 11:50

Well interesting, following 9m sale at .185, tried my luck and no online quote for 4-6mil to buy but could sell 4m at .1916...

[royalalbert] 19/5/2020 10:42

Well there are 5.7m trades listed as sells, which to my eye seem like buys. That being said we are very near equal in trades. Can sell my entire holding in one go, not been able to do this for quite a while (not selling by the way). Seems like volume is picking up, a bit of news and we are away I believe.

[gspanner] 19/5/2020 10:36

Careful, does get a bit compulsive Volsung!

[volsung] 19/5/2020 08:46

Bought some (again)

[city chappy] 19/5/2020 08:35

Palumbo said in the recent webinar they would have news on that in a few weeks time, so perhaps next week.Aligh Research are suggesting EQT will have a £5m profit next year, just on the current pipeline. 10x to 15x near-term upside on that basis, with further growth longer-term on top.

[sharetalk] 19/5/2020 08:22

What's happening at Billingham? Have they prepared the grid connection quote?

[livup967] 18/5/2020 16:47

close 14.5% up Hmmmm good sign''

we will see..

[livup967] 18/5/2020 16:40

RNS OUT price monitor EX?????

a good update usually follow one of those looking at history..

will one drop tomorrow??

[gspanner] 18/5/2020 13:15

Sid, I saw the rebuttal of your PHE board post (without any justification IMO). I would agree with your mcap comparison though suspect PHE will rise more slowly/dip and EQTs mcap rises above it particularly as news will come form many different sources here. As you imply it is going to be a hard road to get the PHE system up and running commercially - not just the gasifier but all the system controls, etc.

[tell sid] 18/5/2020 12:40

EQT @ 0.19p = £7.88 market capitalisation.

PHE @ 1.65p = £35.1m market capitalisation (4.45x EQT's) becoming £58.49m after the proposed share 60:40 issue to buy W2T (7.42x EQT's).

Parity with PHE's current price would put EQT at 0.845p to 1.41p and EQT already have a proven technology.

[neilyb675] 18/5/2020 12:24

25p coming

[gspanner] 18/5/2020 11:18

Yes well at the mo it is priced to fail... Lets have a valuation based on the success they have had relative to their peers (I would say £40-60mil)… But when it becomes clear it is the market leader and is grabbing the lions share of the sector, that's your 50-100 bag from here I would say. May be snapped up before then as The Analyst has described so shrewdly above.

[royalalbert] 18/5/2020 10:43

I'd be ecstatic at a 12 bag, in actual fact you would have to pick me up of the floor.

[sharetalk] 18/5/2020 10:25

Good start to the week.

[gspanner] 16/5/2020 07:37

TheAnalyst kindly allowed me to copy and paste this corker of a post:

‘For those who cannot see it

1. David Palumbo is the Managing Partner of Origen Capital.

2. David Palumbo, first moved onto the board when Origen were financing Ian Prices EQT & wanted their man on the board.

3. Origin introduced Altair to this company. Altair know David Palumbo very weI'll.

4. Altair are fully behind this, having staked just shy of the magic 30% in Equity.

5. David has spoke about the Riverfort financing due soon, specifically around an SPV rolling up to the EQT head company (any guesses who will be throwing cash in here without increasing their 30%)

6. Once the financing is sorted, all investors will be strategic. There will be no one there who doesn't want to be, therefore no major sellers

7. EQT are at financial close stage of another project (Greece). They are also working closely & approaching final stages of others (rhymed off by David on the call)

8. In bed with massive multi nationals

9. On the call, reading between the lines, David most definitely said of course they would be interested in a takeover, but not at these ridiculously low levels.

10. David has a background in project financing

11. David just issues warrants to him & all the staff at 0.25 redemption.

Let's join the dots then....

David (via Origen) has skin in the game. David via the warrants has skin in the game. Davids buddies (Altair) have skin in the game.

David has a tremendous relationship with partner COBRA. EQT is small fry to them, but their tech would be a very welcome addition.

David has a value where him, his mates & existing shareholders can sell this on to someone else where everyone makes bucket loads.

Old none strategic investors are finishing their exit, all aboard new guys.

Project pipeline will be executed

This will hit the magic price where everyone will be happy to sell (possibly to COBRA)

Only question is the price. David laughed at these levels.

Given his comments on the MCAP I see him valuing it at 100-150m......

Thoughts people?’

I would settle for 100-150m but still feel the potential to be a billion mcap is real.