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Out of interest I would like to a get an indication of how many of you agree that Rowan must stand down if he fails to deliver with the deadline.
Gravendonk will decide in my opinion.
Rowan is irrelevant.
Why hire Rowan to give them that deal on their 3.3 cln.
The major holder who is that. Rowan and Spunks know.
Could we ask them for an update on the plant as AEG won't tell us!
One month to go...
"up to 900 tons"
Why that amount or less. Why not 400 tons? Is it all just random?
I once had a contract where a supplier said "up to this amount." I was very naive then lol.
Pacific Corp: Do yo have any coalswitch Rowan?
AEG: Yes we have up to 900 tons of the black stuff.
Pacific Corp: June 14th?
AEG: 2021?
@hku821
RE: Could we ask them for an update on the plant as AEG won't tell us!
I'd be doubtful they'd release market sensitive info (if they were privy to it), as it could affect stock price.
It's tooth & nail now, for us invested & for AEG. We knew from the outset of the confirmed order that this would be the case. So it's a matter of hold your ground or retreat & sell.
I can only imagine, they are working around the clock to get this up and running, because end of the day, it benefits us all!
I think regardless if this order is filled on time, Pacifi Corp are still on board. They need to reduce emissions and perhaps are limited in their options. Pushing out a test date I'm sure would be preferable to closing power plants or reducing their output.. Of course, they know quiet well that hiccups happen in business. So I'd assume a delay would not be a deal breaker (my guess only, not definitive)
That aside, the IP still stands, and that is AEG's golden goose. Of the 1000's of coal fired plants around the globe, none will say, we don't want your technology because you missed a single test burn by a week or so.
The latest RNS stated confidence in meeting the order fulfilment date, so I suppose we have to take that at face value & hope for the best.
Yep. I agree Bioenergy and combined with v high lumber prices at the moment and cash in the bank, the big picture is still looking good. Hopefully those things will count for more in the long run than the legal/technical issues which should be sorted reasonably quickly even if they are a distraction. Still, I’d def hoped we’d be in a better position at this point in the year than we find ourselves in. Feels like there are a few people out to get AEG which is a shame as the company could play a very positive role in reducing emissions in the short to medium term. And in the long run, coalswitch combined with CCS could be an efficient way of generating power with negative emissions. I don’t know enough to make a call on whether it’s Rowan’s fault things aren’t where we’d hoped but judging him right now still feels premature. Let’s see where we’re at in July.
Working around the clock?? Aeg?? 3years since the very movable coalswitch plant was switched on and moved to a new location, the only way they work around the clock is, 9am breakfast, 10candycrush,11s, 12 lunch, 2 dinner,4 pub then call it a day!
And that’s Monday to Friday.
The value driver is in the pre-treatment and post-treatment processes that effectively remove most of the soluble mineral contaminants. These patent awards to AEG underline the important commercial opportunities for CoalSwitch™. We look forward to continuing to develop the patent portfolio for AEG."
Rowan said AEG is investing in new infrastructure at the site and installing new manufacturing technology, both IIIIInside and outside the plant for the forthcoming CoalSwitch operations.
I will reference back to Utah first coal switch demo. Mr Scalzo walks customers around the demo plant and as he gets to the IP part which they didnt have at that time he realises that particular shipping container had the IP inside. It is all evidenced.
So I will say perhaps its complicted to show that plant in its entirety.
Even Twitter has gone quiet... we thought it was bad when they posted a JCB. Surely Rowan has to stand down . I personally think he doesn’t give a hoot about us , if he did who would at least provide us with an honest update. I know for a fact if he was a manager at my company and he performed the way he does he would be long gone.
Sometimes i think the whole issue with aim is the way they get huge renumeration packets relative to privately owned companies for the senior staff for dismal performance.We all know that with 'innovative' products and research costs, things can cost more than perhaps some other privately owned companies operating in more traditional sectors.
However, surely elsewhere these lot would have failed performance reviews numerous times and wouldn't be so heartily rewarded for not meeting them (nevermind revenue and profit targets longerterm)!We would have attracted activist investors, who could see the innate ip value agitating for change, if we were main market with a serious market cap by now!
Unfortunately we are the problem, 'lending' them our money so easily and often and we can't do anything about it.A bit like Man U fans and the Glazers!Aim needs some sort of reform, which doesn't have to increase the listing or maintenance fees of a listing much afaik (like a regular pi voted onto the board to provide some oversight); which we all know will never happen as the nomads, brokers, etc.. are all happy with the fees they get and the arrangements so far.Anyway rant over.
Another day or nothing. Quality company we’ve invested in here. They cant post on Twitter as they just know they can’t meet deadline but won’t issue RNS. Very dodgy!
HKu821 - you have been here for 7 years ? why didn't you just sell and buy something else.
AEG will be fine - first shipment of coalswitch due soon.
You saw this do 300% at Christmas time - you would have had the chance to leave at that point i am sure
anyhow not having a dig - but you have been cathartically ****ting here for almost a decade now - time to sell up or be quiet please.
The price averaged over 5p then so a 300% rise which was just under 2p = loss andi think all long term share holders would like to see a return for all this train wreck handling of a great product
There is nothing at all to suggest that AEG will be fine.
AEG has a long history of promises with nothing produced. It still has manufactured nothing except a bit of sawn lumber in a place so unaccommodating that separate parties are taking AEG to court.
AEG is, however, highly adept at providing RNSs that subtly shift the goalposts. Remember the promises to complete the 5 tonne per hour reactor by Q4 2019?
Subsequent RNSs kicked that promise into the long grass and now we are waiting for the completion of a 40% smaller 3 tonne per hour reactor. Quite when we don't know. AEG pulled the 'webinar' when Rowan made his last promise.
It is interesting how few posters on here believe Rowan will deliver his latest promise of production by Q2 and then be able to fulfil contractual obligations re: Pacificorp. I am certainly looking forward to the RNS but as always am ready for the usual let down.
Posters on here have the right to say what they want. If it is a LTH posting about the complete and utter failure of Rowan to deliver anything, then that is fine. They have the right to do so. It should be said again and again.
Rowan has failed to produce much at all except great personal reward, self-awarded share options, massive share issue expansion and litigation against AEG. Oh, and a bit of wood.
His performance in the last 'webinar' was a disgrace.
I thought we’d turned corner but clearly not. We had some pr and progress and now everything points to zero June delivery. It’s life but they can’t even tweet as clearly be giving confidence when none to be had.
The technology is great and that’s what made most buy.
The technology in the right hands would lead to massive, massive growth.
Unfortunately it's not in the right hands..
You know me, I sit on the fence with Rowan until the June deadline when I will ultimately make my decision about him. This is his last chance and from what I'm seeing. We're about 70% likely to miss the deadline..
I'm ready to be disappointed. But I am also ready to hold until 2070 if needs be...
I bought here, obviously not for the lumber, but for coalswitch and the IP
Here's a video from 3rd November 2016 which just demonstrates past incompetence https://youtu.be/93hyDAoh3OQ
I was hoping that with the pacificorp order AEG had turned a corner... I bought for the amazing promise of coalswitch... I am 70% certain now that AEG is back at step 1.
Long term... At least we have 7M in the bank... At least we have the reference plant mostly up and running. If not soon then I'd hope by end of 2021.
Long term we hope that the reference plant can provide licensees with confidence in the product and can give us more orders... But for now we're back at step 1
I think we need to step back and see the bigger picture:
Positives first:
1) Massively reduced finance costs as the CLNs converted to equity at 1p.
2) high timber prices and likely profitability of lumber business in the last 3 quarters.
3) £7m in the bank or invested in 3TPH plant
4) strong looking new hire CFO
5) coalswitch test order (whether delivered in time or not there’s no indication it will be withdrawn)
6) an accelerating end to coal use in the USA
Negatives:
potentforce has those covered
One RNS could change everything.