Powerhouse Energy Share Discussion Threads

[vatnabrekk] 18/8/2019 16:47

Someone's needle seems to be stuck in the groove!

[ken chung] 18/8/2019 16:36

Get your facts right.

Lemmings and mushrooms only.

[nobbygnome] 18/8/2019 16:32

But the bears' nonsense does need to be countered. Just about all their points were addressed and answered in the AGM....but of course strangely none of them were there to hear it!

[slartybartfaster] 18/8/2019 15:44

Jak, as i thought. Your grievance is over the original prospectus. Tell me how hell is any company going to proceed to honouring a contract once it is apparent the technology at the time didn't do what prospectus claimed? You know the tech failed hence why the whole project was cancelled and shipped to Brisbane to be reworked.Isn't it reasonable to assume all parties walked and there were clauses in the contracts covering all eventualities?Seriously jak, you need to let go and move on, life is too short...unless you have nothing else to fight for in life.

[nobbygnome] 18/8/2019 15:38

Bears are definitely rattled. The false accusations are increasing. Very amusing to watch....

[nobbygnome] 18/8/2019 15:28

I know it's difficult to say but try it. 'I apologise for making a false accusation and I was wrong'.

Go on for the first time in your life!

[nobbygnome] 18/8/2019 15:24

>> Jack

I will quote back at you what you said.

'I am explicitly stating that due diligence hasn't happend and hence (assuming you didn't mishear) that they lied to you.'

So are you accusing him of lying? Four layers of due diligence...very thorough. Go on say again he is lying and then they can pursue you for libel.

Game set and match.....

[ken chung] 18/8/2019 14:12

Lemmings and mushrooms only.

[nobbygnome] 18/8/2019 13:29

Clear signs the bears are rattled here. There is a good chance of a couple of transformational announcements in the next couple of months which will cause a sharp rise in the price!

Just imagine if they announce £130 million of funding for the Peel/W2T/PHE consortium for the first 11 units.....

[vatnabrekk] 18/8/2019 13:23

All operating costs of the DMG units will fall to the SPV, not to PHE. So costs such as "e.g. system operators, waste loaders, etc). On the latter, I guess each unit would need at least 3 full-time on site staff per 8 hour shift and operate 3 shifts per 24 hours - so 9 or 10 staff per 24 hour day, with night staff on 1.5x rate. Cost of staffing for 1 DMG approximately £250,000 pa to £300,000 pa, beginning with recruitment this year?"

will not be paid for by PHE.

[slartybartfaster] 18/8/2019 12:00

Jak are you referring to the original prospectus for the ipo? If so then it's harsh to say the company lied. The company had wrong data about the technology apparently discovered just before the German launch.The company and the tech has improved. I get you can't see this but to continue with your allegation is foolish.

[nobbygnome] 18/8/2019 11:03

>> deccer

David said that they had removed all unnecessary cost so their cash runway was much longer than previously. They will be profitable when they have built 3 units which Is not that far away assuming everything goes even moderately well. Yes they will probably need to raise money at some point but definitely not in the immediate future. Plus there is the chance of investment from other routes such as a Japanese company which was mentioned. This is by no means certain so has to be treated in that light.

[nobbygnome] 18/8/2019 10:58

Ok I have listened again to the recording (transcript below) and I stand by what I said. So Jack you are wrong unless you want to accuse David Ryan directly of lying. This was said in front of various board members, financial advisers and about 20 shareholders so I would be very careful about libel if that is the course you pursue.

Here is the exact word for word transcript of what David said. This was in answer to a question concerning what chance PHE had of raising the £130 million.

'We have been through four levels of due diligence with one of the major funds. They are generally comfortable with the technology risk and now it's getting that agreement over the line. We wouldn't be following this route if the advisors to the fund raise, Ernst and Young, weren't confident they could raise the money. So Ernst and Young are saying they will raise the money.'

I look forward to your reply Jack....

[deccer1] 18/8/2019 10:31

Looks like a very poorly judged buy.

[tenapen] 18/8/2019 09:51

A possibility Mr Davies a phe director would have know when he purchased 1,200,000 shares last month.

Investors with vision only.

[ken chung] 18/8/2019 08:31

Lemmings and mushrooms only.

[nobbygnome] 18/8/2019 07:38

I love the angst Jack has. He clearly is a worried man.....