 The tech here was the reason most of us invested but has let us all down.
It's now a year since the Italia MDC was undergoing start up but in the latest missive we are told "additional performance improvements" are still required.
It is likely that most of the EU2.9 million Rome bank loan is to cover capex modifications to the plant and operational losses during the past year. The bank has been told performance has improved, the MDC is now profitable and can repay the loan with interest so the funds are being released but MDC profit calculations (never disclosed) are burdened by this extra finance burden. And that:
"additional performance improvements" are still required at what further cost?.
It is possible that this project will NEVER BE VIABLE.
What are the implications of all this on the Greek plant at Larissa where EQT has been refusing to support commissioning because it claims funds owing to it have not been paid? EQT does not want to talk about this which is Plant no 2.
Then there is Plant no 3. North Fork due to be commissioned soon. Will it also take a year to operate at a profit? And at what extra cost for modifications and running losses?
Plant 4. Croatia MDC it seems has not got out of the blocks due to incomplete funding. Will the modified build ever happen and to what standard and at what extra cost following this Italia MDC disaster?
These are all issues that EQT should be disclosing to shareholders but does not want to talk about. Instead we get yet another pie in the sky project "an integrated, waste-to-liquid fuel solution" that probably will never work and never happen. |
Where are all the other projects? |
Party over yet again . Where are all the director buys |
Some life it seems… bouncing back on an awful day
D |
Unfortunately no one believes these clowns anymore . Off with their heads |
Trust has been obliterated, hence the feeble rise and subsequent flop. |
Directors token bought a weeks wages worth in October as luck would have it just prior to yet another placing dump to keep the lights on.
Who would off though! |
Quite significant news today directors bought in October at 7.3p so I think this is just the start financing approval and jv on same day its big news from the bottom reckon this will at least 10p short term |
Mines 1.14p so I'm absolutely f££ked bottom draw and pray for me 96% down |
A spike? Back to 2p tomorrow? Who would want to hold here?
DP the master at screwing PI's.
So he issues 2 RNS's on the same day just hours apart.
No substance to any of it.
MetalNRG: "Part of the Facility MAY also be applied to repayment of shareholder loans that funded performance improvements to date, including loans made by the Company."
EQT: "Part of the Facility WILL also be applied towards repayment of shareholder loans that have funded the project to date, including part of the c EUR2.6 million loans made by the Company."
So what is it? May or Will? EU100 refund?
Rolf is not known for over egging the pudding. Unlike some! |
Oh my, followed immediately by an announcement that EQT will be shooting for Mars with a SAF JV, as if having been shooting at the Moon and missing for all these years that is the obvious next step. For gawdsake the whiff of a bit of money to spend and it has been allocated already. On the promise of which we have seen 10% of the company traded today. Fools and their money!
Had to check mine, I think it owes me 120p so nestled comfortably between you gents. Still here only to teach myself a lesson, no chance of making any money back. |
60p here so just need a bit more 👍 |
Mines 36p so it's pointless to me. But good luck to everyone else |
Who's the Lemming now?? |
Hard to be over the moon about this but half a loaf |
My average cost per share is £2.25. A long way to go! |
So the historic private bankers finally wandered over to inspect Italy MDC and have been fooled er have approved (but not paid?) the loan. Some funds heading to HQ to extend the tenure of just-one-more-thing Palumbo and always-on-time Van Der Blunder.
It still doesn't work, this mature proven technology still requiring "additional performance improvements" after another year of trying (costing how much more than the plan?) and the furthering of operational efficiency.
Well how about some hard data ... energy generated, waste consumed, continuous operating hours, E operating costs, E revenues ... on a month by month basis.
Give us a chance to judge this announcement on the facts not the baloney.
Please and thank you. |
That statement is nonsense. |
more sells than buys |
Wow , is it real ???? |
These will start hitting folks radars who forgot about them, been giving these for nothing. |
More deals in the US next, this tech is only going to get bigger. |
Proof that the tech is working |
NOT HEARING MUCH FROM MOTOR MOUTH LATELY EH |
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