See todays RNS.

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.

Gianni,

Thanks for your reply.

ON the company visit we attended thay did say that in the case of the confectioner that is mentioned in the RNS above, steam was onsite and available.

They also stressed that the distance from steam source and pressure was not a problem, neither was the "quality" of the steam.

They stated that there were several processes that the PDX could improve upon handle within the factory, mollasses for example are tricky to pump, but not with the PDX!

I should add that I was disappointed with the content of today's RNS, not because I see any bad news there, because I don't, but because it wasn't the signed deal we were all presumptiously expecting!

I see the RNS as positive (ish), and see nothing contained within it to cause me concern.

I don't agree that this has been ramped at all, most PDX threads were very quiet until two months ago, and the processing unit has huge potential, which, if realised, will propel the price higher, IMHO.

The technology works, it's now up to PDX to sucessfully commercialise it.
As a growth company, potential overrides fundementals surely?

Therefore I see PDX as a buy or hold, but certainly not a sell.

Andy - I always go with the flow - even if it is with a steam generated pump :)

But you got to admit the "pumping" of this share and the aggression/hate on many boards is exceptional. Just don't see the point in getting excited about any share or comments made unless it represents a large chunk of your positions and then that is bad trading practice anyway.

Good luck to all buyers/holders (I have no position at moment).

Gianni,

the "aggresion/hate" all eminates from Ashley James, who obviously has his own reasons for trashing a share he told me personally many times "I have no interest in".

He clearly has a serious problem, I think his own trading must be poor, because I told him about PDX in February, and regularly since, and he didn't listen.

It appears to me that he can't bear to see people make money, unless it's in one of "his" shares.

After the PDX visit, he rang me and spoke for 30 minutes about PDX, then finished the call by saying he "wasn't interested"!!! Then he started to trash it!

`I don't agree that this has been ramped at all`

Like to think a bit more about that Andy ?

The thread on the other sides free bb is an absolute `must read for a laugh` . The amount of utter twaddle being peddled is unbelievable .

Which i might say is a pity , as the PDX is obviously a clever innovation which may or may not have a great future , but has certainly been worth looking at .
There are certain posters who have contributed to the threads who are a bit more realistic than others and have probably made a lot of people some nice profit .
Unfortunately thier voices are drowned in a sea of ramping tosh that you would need to be a complete idiot to listen to . In fact my guess is it is counter-productive and in a lot of cases puts people off any interest .

We have one post there which manages to conclude from the rns that its not known how much the company is investing in taking up the PDX in its installations but its not small change ... whoaa how fantastic !!! A deal and the company is installing PDX !!

Except that the rns doesnt come close to suggesting that the company is about to install PDX into its installations at all .

Fact that they are continuing trials is good news although can be seen , or spun if you like , both ways . And remember Pursuit are going to put as positive a spin as possible on any news they have .

A bit more realism on PDX would not be a bad thing i would suggest ..

Snowman,

There have been a number of posts on the PDX thread on the other side that have certainly been "enthusiastic", and some people certainly became excited when the price rose so far so quickly, and there were some "2 by Xmas" type posts, i'll agree, (though not from me!) but "ramping" to me suggests dishonesty, and I think you need to take a check there.

Clearly there are various degrees of investor on the BB's, from the rank novice who thinks he knows something, to the experienced investor who does know something. Clearly posts on a thread will reflect these varying degrees of knowledge and experience, and aren't necessarily "ramping".

I have held a position in PDX since February, and in those days when the price was rising slowly, there were hardly many comments on ANY BB! It was only when the price shot up, that PDX came to the attention of the masses, did posting start in earnest.

So how can it have been "ramped" when it took so long to get going?

As far as the "pump" is concerned, it's a clever bit of kit that could be very valuable to PDX, provided they can sucessfully commericalise it. That is my assessment, no more, no less. I invested for POTENTIAL, and I am happy with the high level of risk involved.

I saw the RNS as Positive(ish), because an outright rejection by the customer would be negative, and PDX are still in there, so clearly there is some cause for optimism?


I suggest our definitions of ramping are somewhat different.

Fair post Andy , although i would point out that i have already highlighted one `exaggeration` that has no basis in `known` fact , shall we say .
Frankly , i may be naive but i find it hard to believe that the price of PDX is being , or has been , moved significantly by BB posts anyway . Which is why i find some of the hostility directed to anyone who doesnt post like a cheerleader a bit hard to understand .
But it takes all sorts i guess ;-)

A new high and some significant news and who knows ... 8-(0)

Snowman,

Yes I agree not all posts will be accurate, not sure if the one you refer to was deliberately wrong, i just hope it wasn't!

Well I'm sure that MM's and brokers frequent these BB's, so whilst negative posts won't influence the price too much, they may certainly effect sentiment towards a stock, and you may want to ask why people post day in day out, unless they themselves believe they can move a stock.

I don't mind someone having a negative view, it adds balance and causes thought, but Ashley is being deliberately malicious here, due to him having a grudge against one of the main holders. Some of his first posts on PDX were "selective" in their accuracy, and whilst he correctly says the NAV is 3.5P, we holders aren't invested because of the NAV.

He clearly thinks his posts will have a negative effect and put fear into weak/inexperienced holders, otherwise why post these comments at all?

He has accused a group of people on AM of "shorting all his stocks" which probably says a lot about his trading success rate!

I see that PDX have just posted one of those documents where they list endless numbers and other rubbish, what are they called? Oh I know results. Anyway whatever they are supposed to say doesn't seem to have done a lot for their share price down a fair bit this morning.

It's bounced back a little which is a positive sign. The results are pretty neutral and it's still going to take some good news from the trials to get these moving upwards.

I believe that 1 will continue as strong support - we may dip below it from time to time intraday, but buyers in volume come out of the woodwork every time.

'appy days!