See todays RNS.

Why?

(I am long)

Shahidali,

Likewise, i'm long too!

Joking aside I was minded to look at this one because of the banter over at the Plaice with AJ (and Gausies Pilchard thread)

This IS a serious comment and no wind up but if if you look at this share from a TA view it is beginning to look a bit windy. If I had been fortunate enough to be long from 20/30p or so when it was first seriously promoted I would be selling now on the view it is never wrong to take a 4 bagger profit.

Just a view dyor etc

so short it Paul

Think there is a difference between identifying a potential short and taking profits on a long Gausie. I would not short this stock as there is a risk (on the short side) of positive developements, yet if I was long from an entry at low levels I would now be looking to lock in profits on at least some of my holdings.

PS I do not wind people up on stock or trend threads (smile) unlike some we both know

Paul,

Why would you "take profits" if you believe the price will go higher?

You do seem to be on a mission with your mentor to wind people up, and if you want to learn more about PDX, and the processing unit's capabilities, I suggest you ask him! (Not that he knows, but you seem to think he's the only one that understands PDX!)

I agree with gausie, go short it Paul, you know it's going down, because Ash said so! (smile)

Andy - Ashley is not my mentor, indeed he can be an unusual indeed difficult chap as his posting last evening on Sardines demonstates (Sardine moving to fee paying).

I merely comment that having taken a brief interest in pdx I would be taking or locking in some profits now had I been fortune enough to have got in @ 20p ish.

Andy,Gausie et al,

Not trying to wind anyone up but I did ask some questions earlier in this thread but didn't get any real answers. For example the steam pressure production unit and associated safety features required to move sewage or an outboard drive system might be a tad more sophisticated/expensive to run than that required to froth a cup of coffee.

If I invest in a Company that has a new mousetrap then I like to make sure it is a better one and not a "good idea".

Anyone care to try and answer some of my questions and give me a reason to invest. Oh BTW I think AJ is a first class pr*tt and have no axe to grind - genuine interest.

TIA

Gianni,

That's a good question, and the answer is that the PDX processing unit will work with any type of steam generation unit, and it can work at some distance from the actual steam generator.

At the presentation I attended, they explained, (if I remember correctly), that there are different types (qualities) of steam, and the PDX would work with any of them, and distance from the generator (pressure loss) wasn't a problem.

If that is wrong, I welcome a correction from anyone, that was my understanding.

Steam generation is already widely used in industry, so steam is readily available in many of the locations where the PDX may function.

When you refer to the marine drive, I did see the outboard motor, and there was a steam generation unit aboard the boat. They did say that seawater can be used, and the presence of salt is not a problem. I believe they are currently working on a new design of steam generator for the marine drive, and that this work is going on in the background as the main drive is for food processing, sewage and waste water, and one or two other areas.

Sorry but i'm not a techie, so just a layman's understanding of what was said, and I hope this answers your query.

If not, please ask again, i'm suresomeone here will have an answer, anf=d if not one of us will email PDX.


Andy.

Andy - yeh - I think I saw this being used on yesterday's scrapheap challenge - looked good :-)

Paul,

ok fine.

skinny,

Pardon?

Andy - an attempt at humour - unless you saw(or know) the program its wasted!

edit - here's a link http://www.channel4.com/science/microsites/S/scrapheap/

Andy - sorry, but as I understand it the key applications were marine - which is now delayed as the cost of installing/running a steam powered engine is higher than a propellor driven system so requires new steam engine technology. Ok so now they are looking for a quicker return from using existing plants that generate steam. If I remember right by far the largest bulk of excess steam is produced by the power generation industry not by food/drink/water treatment facilities.

As one of the main uses was in sewage works - anyone ever seen steam being produced in a water treatment works - other than from natural reaction of bacteria in waste? If it needs new plant to produce the steam then what is the back-up system if it fails? As I've said before maybe great potential at the design stage for new plants but just cannot see most Companies installing this pump in existing plants especially food/drink plants hence my belief real volume royalties are quite some way away. But I want to be convinced I am wrong - so come on guys convince me - won't post here again as I feel we are just going over the same ground.

Good luck all still holding.

Gianni

You make some excellent points and I agree with you.

Sewage works don't have steam. The bigger food companies almost certainly do have steam so not really a problem there. They wil probably have a bit of spare steam making/using capacity too. Some of the drinks companies will have steam (eg, breweries) and some won't.

Waste treatment plants don't usually need steam unless it is part of the treatment process and, if it is, this would be somewhat unusual.

The pump is a brilliant conception but its need for steam is the thing that kills it - sometimes stone dead! A budgetary requirement for new capital plant to make steam will create delays in PDX getting orders and the need for steam plant on a site which hasn't previously needed it will sometimes even prevent them from being gained in the first place.

So for trading or investment purposes, the PDX business is pretty much like any other.

Gianni,

You are correct, since PDX have discovered the myriad of new applications possible by using the PDX as a pump/processing unit, they have prioritised towards non marine applications.

I believe that MOST food and drink producers already use steam in some part of their process, and therefore it's already onsite and available.

I also believe that the PDX offers a low maintenance, impossible to block pumping and macerating unit for sewage treatment works, and yes they would need to install a steam generator, and obviously a backup system in case of emergency. Steam generation is pretty standard stuff, so no problems obtaining an economic and efficient unit, IMHO.

Clearly PDX are at an advanced stage of development, and are looking for partners as well as customers, in order to penetrate the wider market.

PDX are looking to structure deals to include an upfront payment, and a 5 or 10 year royalty deal based on cost savings made by using the PDX in a process.
This could clearly produce some substantial and exponential royalty fee income in the future.

These are some of the reasons I invested, so I hope this helps.

Doc Proc, given the love of tea and coffee of the working masses there must be plenty of steam around. And given that most uneducated factory workers are Manshite fans there should also be a large amount of hot air around as well!!!!

Spoken like a true expert Pommy?

;-)

PURSUIT DYNAMICS PLC ("PURSUIT" OR "THE COMPANY")

PURSUIT DYNAMICS SIGNS ADDITIONAL TRIALS & EXCLUSIVITY AGREEMENT WITH
CONFECTIONERY MANUFACTURER


Further to the Company's announcement dated 1 September 2003 and following
completion of initial trials of its innovative PDX Technology in confectionery
and soft drinks applications with a leading confectionery manufacturer, Pursuit
is pleased to announce that it has now entered into an agreement that
incorporates further development trials with the same manufacturer.

The trials are fully funded by the manufacturer and are scheduled to be
completed by the end of 2003. In addition to funding the trials, the
manufacturer will pay Pursuit #15,000 per month to maintain exclusivity for the
trialling of the PDX Technology in confectionery and soft drinks applications
until, at the latest, March 4 2004.

John Heathcote, Chief Executive Officer of Pursuit said: "This is more good news
for Pursuit. We are successfully marketing our PDX Fluids Handling System
across a broad range of processing industries. We are developing strong
relationships with dominant companies in our targeted sectors with a view to
bringing our technology into commercial use in a structured and timely fashion."



* * ENDS * *

>Andy - thanks for your input but the food/drink industry is one I know quite well and applications will be limited, especially in soft drinks where very little heat is used except to flash pasteurize juices and clean returnables. Please remember that most plants use heat rather than steam per se so not as simple to utilise steam to run pumps elsewhere in the plant.

I just think that many of the current holders should be selling rather than buying. My guess is this will drift lower until a real binding contract is signed and even then not unless there are immediate installation possibilities.

I can't help feeling this is being held up by the constant ramping rather than any real technical or financial logic.