Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Unfortunately it is not on their website.
Any updates due between today and August?
Recording of ITM POWER PLC Interim Results presentation, along with responses to questions that were answered by the company has just been published:
Link to the presentation:
https://www.investormeetcompany.com/investor/meeting/interim-results-273/presentation
Link to the Q&A :
https://www.investormeetcompany.com/meetings/interim-results-273
PRESENTERS:
Answered by:
Dennis Schulz - CEO
Andy Allen - CFO
Justin Scarborough - Head of Investor Relations
Agreed, good opportunity for SP growth
ITM are priced at their cash holding, so not valuing their "market leading" products at all. Maybe why they're rising, sooner or later the market will wake up.
When can we expect a trading update, before August?
Your guess is as good as anyone else’s.
ISA interest moving this higher?
Shorting should be restricted in companies like ITM Power, which are driving innovation in sectors like green hydrogen. Allowing shorting in such firms can impede their growth potential and discourage investment in groundbreaking technologies crucial for addressing pressing global challenges like climate change. We require stability and investor confidence to secure funding and advance their pioneering solutions. Shorting introduces unnecessary volatility and speculative pressures that can undermine the long-term viability of these ventures, hindering their ability to achieve meaningful impact and sustainable growth. Therefore, restricting shorting in startup companies is essential to foster innovation and support the development of transformative technologies vital for a sustainable future.
If you put the question "Does shorting shares have any benefits to anyone other than the shorter" into Gemini, it gives quite a good concise explanation of the pros and cons of shorting.
I agree. I’m struggling to recall the counter argument, as to why shorts should be allowed.
Something to do with market liquidity.
Seems to be helping Mcphy Energy
Thanks Wig1, thaT is what I thought but my friend shared this: https://uk.investing.com/equities/itm-power-plc
Under the share price it shows quarterly earning results expected tomorrow.
August i think
Just wanted to confirm it is ITM's earnings report tomorrow?
Thanks,
Grants: The French government will provide financial support to companies investing in renewable hydrogen and biomass. This support will come in the form of direct grants, meaning companies will receive money directly from the government to help cover the costs of their projects.
Timeframe: Companies receiving these grants must complete their projects within 36 months. In other words, they have three years from the time they receive the grants to finish their work and start operating. This ensures that the projects move forward efficiently and contribute to the transition towards renewable energy within a reasonable timeframe.
The European Commission approved a €900 million French scheme to support companies investing in biomass and renewable hydrogen for energy and fuel production, aligning with the Green Deal Industrial Plan. This aid, granted under the State aid Temporary Crisis and Transition Framework, aims to accelerate the green transition and reduce fuel dependencies. The French measure supports the production of heat, fuels, and liquid fuels from biomass and renewable hydrogen for industrial processes and transport. It takes the form of direct grants and is open to new installations and scaled-up projects, requiring completion within 36 months. The Commission found the scheme compliant with the Framework, ensuring aid incentivizes renewable energy production, adheres to aid intensity limits, and is granted by December 31, 2025. Approved under EU State aid rules, the scheme contributes to implementing the REPowerEU Plan and the Green Deal Industrial Plan. This decision comes in the context of the Temporary Crisis and Transition Framework, adopted to support sectors crucial for transitioning to a net-zero economy, with provisions amended following Russia's aggression against Ukraine.
ITM's decision not to announce the sale through an RNS suggests that they view it as relatively small compared to other developments on the horizon... This implies that ITM Power likely has larger, more impactful projects or milestones in the pipeline, which could potentially offer greater value to shareholders in the long term.
Absolutely, you're correct Jim.
However, while companies like ITM Power have a legal obligation to disclose material information, the significance of a specific transaction can be contextual. For instance, if ITM Power sells a small 2mw to Japan, they might argue that its impact relative to their overall operations is minimal. For example, if RWE announces a 260 MW project, ITM Power's smaller transaction may seem inconsequential in comparison. Therefore, ITM Power could reasonably consider the transaction's size and significance in the broader industry context when deciding on disclosure. As long as this decision aligns with regulatory guidelines and is made in good faith, it's typically considered legal and within their discretion as a company.
However, companies/directors are under an obligation to disclose information that could affect/have an impact on the company's share price.
The reasons could be strategic, such as not wanting to disclose too much about their market penetration plans: By avoiding public announcements via RNS, they can maintain a strategic advantage and avoid drawing attention from competitors, allowing them to establish a foothold in Japan without alerting everyone to their market entry strategy. This approach helps them operate under the radar and potentially negotiate more favourable deals with clients or partners in Japan.
I seem to recall ITM telling us they wouldn’t be putting out RNS for smaller sales.
Having said that, this looks fairly significant. They did announce on twitter in January that they were shipping a Neptune unit to east Asia.
It does add another big name that ITMis doing business with. Totally agree with sentiment here. Onwards and upwards Dennis. Big announcements hopefully coming soon.
To me, ITM's decision not to share Japan's first purchase of a MW electrolyser from an international company via an RNS indicates a pending major announcement which makes this seem like nothing, could it involve a significant deal with RWE? Speculations suggest a potential agreement spanning 100-260MW over four years, potentially driving the share price back above £1.50 this summer. Come on Dennis.
To be honest, they might be planning a major reveal which makes this seem like nothing, such as deploying several hundred megawatts, or they could be maintaining silence to prevent premature market reactions before a big investor buys in like mentioned below. The significant growth potential in Japan's green hydrogen sector, backed by substantial government investments, underscores the importance of ITM's position. This strategic silence hints at careful planning that could shape the company's future significantly.