Pv Crystalox Solar Share Discussion Threads

[zcaprd7] 03/3/2017 11:55

We should have the impact of all those French solar projects that required an EU provider as well...

[cjohn] 03/3/2017 09:36

What we can all agree on:

1.The other company is delaying as long as possible to reduce current value of the pay out. ((They may also have cashflow issues.))

2. This suggests they haven't got a strong case.

3. It doesn't mean though that their case is NECCESARILY without merit: even if it had considerable merit, it might still be worth their while postponing the decisión date. After all, we are not expecting PVCS to pay THEM, even if there is a negative outcome for PVCS.

4. PVCS would prefer a mediated solution, provided it meets a mínimum threshold. There is uncertainty in the arbitration process: they might get a bad result.

5. Likewise arbitration is preferable to going to a trial. As this is more expensive and time-consuming, and, of course, is at least as uncertain as arbitration.




In the meantime, in the last few months, wafer prices have firmed up dramatically. Polysilcion prices have improved too. However, given a relative lack of current orders for cells, we might expect wafer and polysilicon prices to fall back.

[yasx] 03/3/2017 02:25

About two months.

[zcaprd7] 02/3/2017 15:09

Does anyone know what happens after the evidentiary hearing? How long does it potentially drag on for?

[salpara111] 02/3/2017 12:17

We can only work with what we know and assuming their supply contracts are all the same then they will win at arbitration as they have already done so in the past.
In addition the delay on going to arbitration was asked for by their customer not PVCS so it is clear who wants to avoid arbitration.
All the facts that we know point to a customer dragging their feet while PVCS wants to get to arbitration.

[yasx] 02/3/2017 11:50

As for why the other party simply not bidding for the shares - well, there is no certainty a bid would have been accepted if it became apparent the bidder was doing it to prevent paying out, and, additionally, the counter party might think they have a chance in winning the case.

[yasx] 02/3/2017 11:49

Salpara,

Not so - PVCS are keen to settle in advance of possible is my view. One can never state with certainty the outcome of proceedings...

[salpara111] 02/3/2017 09:26

My own feeling is that they will end up going to arbitration.
Why would PVCS settle for any less than the full amount they are pretty much guaranteed to get from the formal arbitration (based on settlements previously achieved through arbitration)
My guess is that the company have just used negotiation as a tactic to delay any payment and going to arbitration will give them another 3 months.
What I don't understand is why the mystery company didn't just make an offer for the business when the share price was under 10p. They could have offered 20p and ended up with the company for probably less than the settlement value.

[zcaprd7] 01/3/2017 20:05

So they carry on with mediation, and prepare for a trial in parallel? I guess it's only an evidentiary hearing...

[yasx] 01/3/2017 19:51

Not so - mediation ongoing. It might continue right up until the hearing, which oft occurs.

[zcaprd7] 01/3/2017 18:34

I suspect the formal independent mediation has ended, they'd need time to prepare for the trial, although a deal can happen at any time...

[yasx] 01/3/2017 16:24

It means mediation is ongoing, with a hearing listed for end of March. If they can get a deal in advance, then so be it. If not, they feel they have a very strong case to take to the hearing. Either way looks good.

[yasx] 01/3/2017 16:24

It means mediation is ongoing, with a hearing listed for end of March. If they can get a deal in advance, then so be it. If not, they feel they have a very strong case to take to the hearing. Either way looks good.

[zcaprd7] 01/3/2017 14:24

Finally we're in March... Surely we are due an update here?

[zcaprd7] 21/2/2017 18:01

I'd like to see what Glen Arnold has to say now?

[zcaprd7] 21/2/2017 17:30

It's only an evidentiary hearing. End of March. Could drag on a while yet?

[salpara111] 21/2/2017 12:19

Well, we are almost in March so they will either have to say that they have done a deal or they are going to arbitration as I don't think that anyone will accept any further delay in resolving the contract issue.

[zcaprd7] 21/2/2017 12:00

The drop from 24p was a bit daft as well... Has the hearing been listed possibly, I had a rummage around the website but couldn't see anything?

[cjohn] 21/2/2017 11:27

The shares are significantly undervalued in view of the very likely resolution to the supply dispute. And wafer prices have firmed up dramatically over the last few months. New buyers may have noticed this and hence pushed up the price.

So there isn't necessarily any immediately pending news. Still I hope there is.

[outfly] 21/2/2017 10:48

I can't see any news anywhere, anyone else know of anything?

[outfly] 21/2/2017 09:21

It looks like it, exactly my thoughts.

[steve73] 21/2/2017 08:57

Has someone got a sniff of some progress?

[zcaprd7] 12/2/2017 21:34

Well, we're nearly half way through February, I'm trying to remember the disclosure rules, but I think all the heavy casework kicks in about now? Sensible types make offers now, stubborn ones get fleeced by two sets of legal fees...

[salpara111] 12/2/2017 14:04

I will be interested to hear what they say to you.
Personally I expect a statement imminently from them so I would not imagine they would want to say anything of a material nature.

[zcaprd7] 11/2/2017 15:10

I've emailed them to ask...