Eqtec Share Discussion Threads

[juju44] 13/7/2023 11:35

This was obviously manipulated down by the crooks to let them and their cronies buy at .13 so they are taking a quick 30% . Evil but prolific and this share is full of it

[saladyn9] 13/7/2023 09:58

unfortunately back to reality i guess

[saladyn9] 12/7/2023 21:54

classical, it never keeps gains for more than two days

[m4rtinu] 12/7/2023 21:08

We've had worse days. Hope they don't kick us in the "goolies" tomorrow.

[adi27] 12/7/2023 18:36

22.5m sell!!!!!

[schofi2] 12/7/2023 17:22

(Alliance News) - Eqtec PLC said on Wednesday it has agreed to sell its 95% interest in French market development centre firm Grande-Combe SAS to Idex.

Shares in Eqtec were up 36% at 0.18 pence in London on Wednesday morning.

Eqtec is a London-based technology firm which focuses on distributed, decarbonised, new energy infrastructure via waste-to-value solutions for hydrogen, biofuels, and energy generation. Idex is a France-based company that develops local energy and carbon-free infrastructure.

Eqtec will retain a 5.0% interest. It will receive EUR750,000 after the completion of the transaction. It is also eligible for additional payments up to full commissioning of the France market development centre, for a total of up to EUR750,000.

In addition, it may also need fees for engineering services, equipment, commissioning and licensing from the fourth quarter of 2024 to the first quarter of 2025. This could amount to up to EUR15 million.

It is entitled to use the French site for one prospective client visit per month, with more visits possible under specific terms.

Chief Executive Officer David Palumbo said: "With the strength and track record of Idex alongside Eqtec's disruptive technology, this agreement and our growing partnership represent joint leadership in the exciting and diverse market for renewable energy in France. We believe this deepening relationship will result in more plants in France in years to come."

By Will Neill, Alliance News reporter

[aja2] 12/7/2023 16:42

13.6M were sold in the last 8 min and it still held up.

[hoper1] 12/7/2023 16:33

And another at the death. Held up well considering we usually have a late sell off on an up day

[talldarkslim] 12/7/2023 16:03

This could be the turning point and someone thinks so with a 10m buy just now

[damian12345] 12/7/2023 15:51

That all lol £100k me and at 1.15 so I'm forgetting for the time being not my smartest decision could average down but how far do you go

[pa123] 12/7/2023 14:50

quite, and hoping no more confetti is 'released'

[jumpenjim] 12/7/2023 14:44

Up to my neck in this confetti It looks like i,ll be here for a while

it,s gonae take a lot to move this , £25k down arghhhh

[hsdeo] 12/7/2023 12:51

Hope people banked profits. It may drop alittle more and the fund raise always hangs over this stock

[juju44] 12/7/2023 12:51

Profit taking inevitable . What matters is , is this a turning point . Maybe and maybe not

[gottopickapocketortwo] 12/7/2023 12:16

God you guys change like the wind . Good job I take little notice

[marktime1231] 12/7/2023 12:05

It will be poison if this good news is followed by a request for more funds because EQTec needs working capital to deliver the project and the coffers are empty again. Lots more shares at nearly zero will pour water in the wine.

Fingers crossed that Italy MDC does turn out to work after all, but I agree with the sentiment about remaining sceptical.

[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!