The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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Why don't we all set out exactly what the company has actually achieved during this calendar year. When I say achieved, I'm talking about actual positive progress on either getting an actual product to market, or even making a sale of anything at remotely commercial rates.
Don't bother wasting typing time on MOU's JV's or supposed new products which are, until such time as they actually deliver something simply the square root of a load of wind and wet. let's look at hard facts.
Great to see. They must have updated their website in the past 6 days as the Internet Archive visited it on the 21st, no sign of AFC on there on that date. https://web.archive.org/web/20231222135421/https://www.tamgoksa.com/
Https://www.tamgoksa.com/
Looks like AFC now appear on Tamgo website,
Roll on 2024
Ade you mendacious idiot. 30p in five years??
Should we believe you, or Peel Hunt. or Zeus . Or Panmure Gordon.
Taking investment advice from Ade is like taking medical advice from Harold Shipman.
The way AFC have been putting out news in the last two months, I'd say a Year End update or New Year start update has a fairly good chance of appearing (and blowing the con men trolls into oblivion!!).
Now NINE TAMGO staff liking the post.
Just responding to Bumble Jim. Merry Christmas to you too. 🎄
Happy Christmas Garmoan. It’s Christmas Eve. Take a break. You might enjoy time not moaning about AFC. It’s not healthy.
Jim
But AFC already had a commercially sourced cracker supposedly so why go to the trouble to invent a new one if it wasn't needed for THE AFC fuel cells. I was a bit suspicious when the bought cracker never made an appearance with only bottled hydrogen supplying the fuel for tests with Acciona etc. Some clarity from. AFC world be helpful.
Are now that AFC have started to build some solid foundations, however the more research I complete, on Hydrogen, plus AFC I can confirm that AFC have a lot of challenges and hurdles to overcome.
I think 100M MC is about fair though, which brings this to around 15P share price which is what I feel feels about right.
There are a few sites saying fair price for AFC is between 11-13P which is maybe a little low now.
In 5 years time is AFC do well and have a bit of luck, I can see the share price being around 30P so that's a good return.
It makes perfect sense to create a product that is suitable for your own product but also a wider market. Just because it can produce hydrogen purer than is strictly necessary for AFCs cells doesn’t equate to AFC moving to PEM. You are making that link to spin negativity, not basing it on sound fact.
Also while AFC cells can run on less pure hydrogen they will last longer on purer grade so why not use it if we have it available.
Note I’m not saying AFC haven’t moved to use some PEM in some of the products - that is possible - but your logic doesn’t stack up.
"more pure hydrogen"
But the whole business case for AFC used to be that their fuel cells didn't need the purest hydrogen, hence less cost and more versatility. The cracker is going off on a tangent and although it might prove marketable (if it works) it doesn't make sense if such pure hydrogen is not required unless the current AFC fuel cells now do require more hydrogen because they are now PEM fuel cells. Haggis thinks I'm wrong here but you never offer a view. You're good at asking but not answering Bumble!
Not to mention all his "exaggerations" about orders!
I'm sure the FCA will find those lies interesting too, CHUMP.
Thanks chump, when they contact me I can get them to investigate Bonds admission that he’s previously over stated how advanced the tech was, they’ll have a field day !
From the recent RNS:
"afc energy is pleased to announce the appointment of rbc europe limited ("rbc") as joint corporate broker to work alongside peel hunt and zeus, with immediate effect. rbc brings strong global energy transition expertise and will work with afc energy and its broking team in supporting the scale up required from afc energy's growing commercial opportunities, introducing new institutional investors and assessing strategic investor interest in the uk, europe and north america"
USA just went kaboom with hydrogen!!!!
washington — the biden administration released its highly anticipated proposal for doling out billions of dollars in tax credits to hydrogen producers friday, in a massive effort to build out an industry that some hope can be a cleaner alternative to fossil fueled power."
"the u.s. credit is the most generous in the world for hydrogen production, jesse jenkins, a professor at princeton university who has analyzed the u.s. climate law, said last week."
"administration officials estimate the hydrogen production credits will deliver $140 billion in revenue and 700,000 jobs by 2030 - and will help the u.s. produce 50 million metric tons of hydrogen by 2050."
“that’s equivalent to the amount of energy currently used by every bus, every plane, every train and every ship in the us combined,” energy deputy secretary david m. turk said on a thursday call with reporters to preview the proposal."
https://www.washingtontimes.com/news/2023/dec/22/joe-bidens-hydrogen-tax-credit-unveiled-as-adminis/
"Thank you for contacting the Financial Conduct Authority (FCA). Please do not reply to this email, the mailbox is not monitored. Below we outline our role and remit and explain some steps you may wish to take depending on your situation."
Also reported to AFC.
You know what haggis? I'd really love for your predictions of great times ahead for AFC, to finally be realised. We've all had quite enough of waiting for it to come good.
Well there we have Daz with the most blatant libellous post I've seen in ages. Claiming the CEO is doing a con to help his mates. Well that one is going straight to the FCA.
As for funding, he knows that is TOTAL BO11OKS!!
Because of all the other markets they can sell it for use in. Not just all the PEM systems already in use around the World, but also into Fuel Cell vehicles which all use PEM stacks. And anything else that needs high purity Hydrogen. And because this is the quality of Hydrogen that the EU, Japan, USA etc want in their Hydrogen economies to fuel vehicles and provide power.
In all previous fundraisers news has been deliberately held back to allow investors in at a good price and then on top of that they’ve been given mates rates from Bond with generous discounts to the current sp, Bond even fessed that his HNW mates had made 50% profit on the deal so I wouldn’t get too excited with the upcoming dilution.
So why the emphasis on purer hydrogen, which is PEM compatible, as produced by Mike Rendall's super duper ammonia cracker?
Wished me a merry Xmas back, so I’m retracting my merry Xmas!!