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So what do you think will happen to the share price if they write off Hull ? A slight recovery in share price perhaps ? Do you think they could recover some of the expenditure from sale of the site ? then they can continue to focussing efforts on the much in demand accoya. Alternatively if they get it to work there should also be a recovery. What’s your thoughts ?
It's a good question Mr Karate
Surely writing off the plant when all the heavy lifting has been done makes no sense? The independent reviews of the Tricoya product seem very good. If not profitable currently due to gas price surely it would be better to complete the plant as a low priority (as they are doing), continue to test it until satisfied then put it on a care and maintenance (to use a mining term) program until gas prices reduce which they surely will.
Initially writing off the investment there would not be good for the SP, but longer term I don't really feel I can speculate.
All this is my fault I'm afraid, I watched this share for ages attracted by the product but put off because it was run by the brother of the idiot politician Clegg. Then I decided for go for it, and the SP have been on a one way journey since! The damage has been caused by the wording in the RNS saying anything is possible. I still think that maybe full control of the Hull plant may prove to be a good idea, and the veiled threat of abandonment may be an attempt at brinksmanship with a recalcitrant workforce
Good posts john. Particularly like brother of idiot politician! Now running that suer faceblock incidentally. Have followed this company since inception with great interest having been in the trade. Great products , just what the industry was desperate for. Troubles great products don’t always turn into great business. Scaling up and affordability are the two big problems. I can’t see either of these issues being solved near term and another find raise may be necessary which of course will hurt her lengthen the road to decent profitability. Another narrow escape for me. Although it is impossible to escape the turmoil completely. Just hoping to be in the less terminal ones! Gl all
Think I have totally lost my grip now as that looks like good news to me. The market thinks otherwise.
I think it’s good news for the long term but short term delays persist. No time scale yet
Plus the issuance of 11.9 million new shares to acquire 100 per cent of Tricoya which is equivalent to just under 6 percent of AXS T this mornings price. It’s been a mess this Hull plant. At least they have control. Costs have climbed for the unfinished product. Once sorted it should be good but near term it means they are still not earning from it
Typo unfinished project
The problem with the failure to complete the Tricoya plant is one of project management being inadequate.
This RNS indicates that in taking the lead AXS have “gripped” the situation and there should now be a very positive result at some future point.
Project management of JV’s can be very difficult, particularly when competing agendas and priorities are in place, and sub-contractors are capitalising on the situation.
Now there will be only one entity to hold to account for the success of the project; AXS‘s BoD
Absolutely delusional: the Tricoya project was controlled by accsys at project level . There was no interference from the partners. Accsys were 100% responsible for this .
Without wholesale change this will fail . It is a probably the worst project I’ve known for ignorance and inability at strategic level. 50p
SPADES.
"Sorry I sold out and I haven't looked at these for a while... Ive heard there is a large turnover of personnel / toxic project atmosphere and unrealistic delivery expectations. In my opinion Its unlikely this will get delivered without a placing and a minimum six month delay."
Your comment earlier this year.
Curious as to why are you here and commenting within 13 minutes?
The timing has nothing to do with it . It’s on my watch list . I’m waiting for 50p
Okay
Tempus Fugit - Carpe Diem
Goodnight
dflynch
Respect your opinion but seems odd that you want anything to do with a company you seem to think so little of, so not sure why you would be looking for an entry point at any price let alone 50p. That is why you are seen as a deliberate deramper by posters on this board.
Anyway, my own view is that this company has a potentially very good product but with a questionable management (or at least one that needs to prove itself).
Sorry dflynch, appears I meant Spades
@dflinch I 100% agree . Its a great product and that is a constant that wont change. What will need to change is the delivery of Tricoya, if the prices skirts 50p a buy out of the tech is on the cards buy a bigger and more slick operator.
I am a value investor and at present there is no value in this company , but there is huge value in their product. Accoya wont provide the cash on its own, its applications are too limited and its too expensive. Accsys needs Tricoya more than Tricoya needs the Accsys.
I am not a de-ramper I am a realist.. Maybe I should short sell? I haven't got much right this year but I guessed the direction of travel on this one when it was over a £1.
Sorry @dflynch, I meant @JohnPwh
No problem. Interested in your post
The price didnt get down to where I thought it would, so i didn't get back in. Looks like the business is turning itself around.
you cant win them all!
GLA
Still got some way to go before I break even. Astonished how far it has sunk!