Powerhouse Energy Share Discussion Threads

[vatnabrekk] 08/3/2018 18:40

Do you know what part KA played in that?
KA isn't in court, but the others are.

[lagosboy] 08/3/2018 18:23

KA has form - Linc Energy/Bond

[vatnabrekk] 08/3/2018 17:44

ross: I hope you're right, but we can never be sure about these things. Still, as I already have a substantial investment in PHE, I'm working on the assumption that they will not have to go for this kind of "death-spiral" funding.

[vatnabrekk] 08/3/2018 17:23

Yes super, I have to admit that this kind of funding is a big concern, and I have seen too many companies fall foul of it. As you say it is probably the case that they cannot get funding from any other source, rather than naivety on the part of the directors, although that might be the case sometimes.

I certainly hope that PHE doesn't have to go down this route, but of course I can't say for sure either way at the moment because I don't know what kind of discussions KA may have had on this matter. So for now, we shall just have to wait a little bit longer and see what happens.

[sleveen] 08/3/2018 16:55

Fair point sg1

[superg1] 08/3/2018 16:52

Vat

That's the same problem you may face here on funding.

Companies go to that financing when no others will back them. Hence my posts that I can't see too many potential backers being impressed with an 8% ish share option dilution.

Same industry.

If the directors aren't prepared to stick their money in why should a fund.

[superg1] 08/3/2018 16:44

Vat

I have on an email circular one of the PHE connections I believe was the one saying it, I'd have to check, I think it was from HW.

[schofi2] 08/3/2018 15:52

I suppose someone spending so much time on here doom mongering has nothing better to do.

[vatnabrekk] 08/3/2018 15:02

Well that's a new one on me, super. What PHE lot call it a fraud? I certainly haven't come across anyone calling it a fraud. Is this another one of your "assumptions" without any foundation?

[superg1] 08/3/2018 14:31

I've not looked, I know the PHE lot call it a fraud. It takes one to know one I suppose.

[schofi2] 08/3/2018 10:21

Vat he hasn't got a honest opinion, he's a paid doom monger IMHO.

[vatnabrekk] 08/3/2018 10:18

What do you mean lack of a unit? What "unit" is lacking?
It was intended to hook up to the prototype G3 unit that is currently operating in Thornton Park, which is running and generating electricity using syngas through a gas generator. PHE are having to use the gas generator because so far they haven't been given a fuel cell from AFC.

As I have already said, you cannot call that a failure of PHE if they haven't received the fuel cell. And as none of us know the actual reason for the non-delivery, none of us are in a position to attribute blame or failure, yet.

And no-one has said anything about ability to pay for it or otherwise. That is simply your own assumption, for which you have absolutely no evidence.

Perhaps you should start using "IMHO" to differentiate your own personal opinions and assumptions from facts that have some foundation.

[superg1] 08/3/2018 08:59

So if you knew it why try to deceive others on comments about no failed delivery or delays?

Onus ???

If it was material on order then it should be material that it didn't arrive. They knew it wasn'thappening as both stopped talking about it months ago.

Personally I don't think it's AFC's lack of being able to deliver, it's lack of a unit and being the ability to pay for it is the issue.

[schofi2] 07/3/2018 23:20

What I find amazing is that some people spend loads of time on here, for what reason. Are you just bored or have you a vested interest?

[vatnabrekk] 07/3/2018 22:50

My word super, you've been busy while I was out this evening!

Anyway, you haven't told me anything I didn't know already. The fuel cell hasn't been delivered, and it was expected in November. Yes, I was aware of that. But is that PHE's fault or AFC's fault? I don't know, and you don't know, so no-one can legitimately call it PHE's failure.

As this was to be AFC's first "sale" I think the onus is more on AFC to explain the delay to it's shareholders rather than PHE.

And at the moment it's not critical for PHE. The demonstration unit (prototype) is currently generating electricity at Thornton Park from the syngas using a gas generator. So the lack of AFC's fuel cell isn't holding PHE back. They may want to use a fuel cell system when they commission the first commercial G3 unit, but that won't be until later this year.

[tsmith2] 07/3/2018 22:04

I'll have it.

[superg1] 07/3/2018 21:29

PHE news 2nd March

"The system has continued to operate as expected over a period of nearly six months with a variety of feedstocks producing high-quality synthesis gas (“syngas”;) safely and efficiently."

2 weeks earlier in the Edison note

"While the DMG system has undergone over 300 hours of testing"

So the PHE news is a BS baffles brains attempt. 6 months is clearly an attempt to impress and potentially misleads investors on it's run time to date.

KA himself said it has run for 100's of hours.

6 months worth at the expected capability is 4000 hours.

BS on top of BS and no mention that the fuel cell never arrived.

[superg1] 07/3/2018 21:12

Check AFC YE news today, no mention fo the fuel cell or Powerhouse.

As I said they stopped talking about months ago. Something went wrong and material as an order turned to not material one it went wrong.

Typical Powerhouse pushing out good news until the point they have no choice but to admit failure.

[superg1] 07/3/2018 21:00

Vta

First you have to apply for planning permission, that takes a long time, I could not find nay trace of planning permissions. They can be viewed on all local council websites.

Aus was all about the current unit. That's where they 'ran' to when pyromex failed.

A fuel cell was ordered from AFC and it's own AFC news. Both companies stooped talking about it some months back. It was due to arrive on Nov 2017 and be paid for 90 days later. IE now.

So the forward planning that dictated the need for such a fuel cell obviously went wrong. The original order was 2014

As announced on 4 April 2014 the Company made a deposit payment to AFC at that time. Acceptance of delivery had been delayed by PowerHouse in order to complete the engineering, design, construction, and testing of the Company’s new G3-UHt ultra-high temperature gasification system. As announced on 24 February 2017, the G3-UHt demonstration unit is anticipated for delivery in late March to the Thornton Science Park, University of Chester, for re-commissioning and additional testing of feedstock capable of generating a rich stream of hydrogen. In addition to generating a hydrogen-rich stream of syngas, the Distributed Modular Gasification© G3-UHt system is capable of distributed waste elimination, and distributed power creation through standard, conventional means.

The anticipated delivery time for the AFC fuel cell is expected to be approximately eight months. Upon delivery of the fuel cell, PowerHouse anticipates having a high quality hydrogen stream (a component of the syngas produced) from the G3-UHt to successfully integrate with the fuel cell, to provide production of electrical power. Receipt of the fuel cell is contingent upon the G3-UHt unit being capable of producing a hydrogen stream compatible with the fuel cell. In accordance with the terms announced on 4 April 2014 the final payment for the system will be due to AFC within 90 days of the system’s delivery to the Thornton Science Park.

So originally ordered in 2014 then ordered agin in March 2017 with 8 months expected delivery time (Nov). Some month Slater both companies stopped talking about it.

Where is the news of the delay that it never arrived, cancelled or delayed order.

That is bad news and of course they don't want to give out bad news