Powerhouse Energy Share Discussion Threads

[vatnabrekk] 13/10/2023 09:11

Old news Ken. Is that the best you can do?

[ken chung] 13/10/2023 08:37

PHE 6/10/2023"The Company has also been made aware that its equipment supplier Mitchell Dryers (Kingmoor) Ltd ("MDKL") has ceased trading and on 6 October 2023 is commencing liquidation, which PHE understands is likely to progress as a creditors' voluntary winding up. MDKL had, prior to its cessation of trading, under contract with PHE, been manufacturing the Thermal Combustion Chamber ("TCC") for the Feedstock Testing Unit ("FTU") being built at the Powerhouse Technology Centre, as well as being committed to sourcing the ancillary equipment and completing the installation."Lemmings and mushrooms only.

[smokey 1o3] 10/10/2023 08:54

Ken - Thank you for your measured commentrary which is more aptly described by vatabrekk.

[ken chung] 10/10/2023 07:18

As the supplier of the Thermal Combustion Chamber has gone into administration, it looks like they won't now have anything to test or demonstrate in the new Technology Centre, but will instead be left having to pay business rates on empty floorspace and other ongoing costs, have to start all over again to find someone to make and install a Thermal Combustion Chamber (and to source other things), find the money to pay for all that, and waste even more time which could set everything back another year or more.Sub 0.1p seems inevitable.Lemmings and mushrooms only.

[vatnabrekk] 09/10/2023 08:25

Try reading the RNS, clowns.

[deccer1] 09/10/2023 08:03

Awful news.

[vatnabrekk] 06/10/2023 16:37

Paul Emmitt CEO said "Whilst frustrating, we do not believe that the TCC and FTU setback is a major concern to PHE and should not delay the scheduled opening of the Technology Centre."

[grahamwales] 06/10/2023 16:28

Another £139k of shareholders money down the pan then, they wont see that again.

Didn't the carry out due diligence before giving them that sort of cash.

[ken chung] 06/10/2023 15:37

Disasterous news today about loss of the Thermal Combustion Chamber, cash, special alloy and time. You must be very upset and driven out of your mind. Funny how the 'trolls', as you call them, have called the share price right. Much, much further to fall. Lemmings and mushrooms only.

[vatnabrekk] 06/10/2023 15:12

Lots of trolls about today.

[deccer1] 06/10/2023 14:56

How long have they known about the problems at MD, and is that why the Chairman just left and HUI divested into a weed farm? It's a clear sell now.

[ken chung] 06/10/2023 14:53

So we find out today that Mitchell Dryers, who were making the Thermal Combustion Chamber and sourcing other things, are going into liquidation.Another 12 months delay ahead and money lost to the administrators?Sub 0.1p seems inevitable.Lemmings and mushrooms only.

[allinforabigprofit] 06/10/2023 14:36

What they are actually going complete something? Wow. This TCC is it a full size unit or another baby parity what many us seen at Chester?

[smokey 1o3] 04/10/2023 09:09

Ken - You forgot
The cost of Protos is now £50 million but with improved efficiency.
Exodus of Riley
Still on mushrooms then!

[ken chung] 04/10/2023 08:55

Investment warning:Still won't have built and certified a full size unit this year or next year, and cost to do so could be £30m+ implying lots more dilution.Zero revenues.Regular dilution just to stand still.Exodus of board members.Exodus of Peel.Exodus from Scotland.Lemmings and mushrooms only.

[vatnabrekk] 29/9/2023 13:34

While I can certainly see the point and benefit of building a "demonstrator" at their new place at Bridgend in Wales, it's not the same as getting a full-scale commercial DMG up and running. That's what I really want to see, and sadly they don't seem to be getting the required support for that, either by way of funding or politically. I understand they expect that situation to change once the new demonstrator is available for potential customers to view and see working, but I suppose we will just have to wait and see.

[tenapen] 29/9/2023 12:55

It boils down to confidence. And even me, who has held this stock for 13 years or so, has very little confidence the board have any interest in doing anything other than sponge a big wage. In fact Howard White said this on of his podcast interviews. Paul Emmitt may be the real deal ! but only time will tell, and time slips by so fast.

[vatnabrekk] 29/9/2023 12:27

It's all very well printing reports about the wonders of producing hydrogen from plastic but the problem is it seems no-one is prepared to put up £30 million or so to build the first DMG!

[tenapen] 29/9/2023 10:38

It's been too long already - pull your finger out Powerhouse + whoever is in charge, I'm presuming someone is .... in charge !.

[grahamwales] 27/9/2023 19:06

Smokey

If you’re trading this you should be ok but as an investment can’t see much happening long term.

[smokey 1o3] 25/9/2023 16:05

Ken - You can jump but I not for doing so. Have some more mushrooms and the courage of your convictions.!!