Afc Energy Share Chat (AFC)

Its only £50k . I doubt he needs the money

I don't think anyone associated with RA seling at a loss is a good sign.

How do you know that is his position Southerhay?

I think this remains very positive for AFC that he wishes to remain invested but without the governance required for 3% or more. Exciting Q4 ahead!

Thanks Jim for your time and effort in bringing this update ....as you say patience still required.

Notes “clearly tactical” do you think it has link with or on a similar line to Ervington removing their representation from the board?

Which is why diesel gen set replacement has to be a primary target for us. AFC is not going to be a mass power producer anytime soon.

Yes thanks Jimmy, good stuff. In other news, the BBC is reporting huge new offshore wind projects “without a subsidy” where the wholesale electricity price is expected to be between £48.95 and £52.36 per MWh, with the cheapest operator at about £40. So that’s what - 6c per kWh?

Great feedback Jim, thanks very much!

Thanks from me too Jim. It's been a long bumpy road but great if we might be rounding a corner in coming months.

Thanks for that Jim.

Thanks from me be nice if we do have a major player willing to use the ch2rge system if that gets annouced it would give others confidence to go with it

Many thanks and much appreciated Jim

Thanks Jim.

Nice one Jim.

Sounds positive, hope we all see some progress by the end of the year.

Time for my feedback. Sorry it's taken a while to post but had very long Thursday and busy this am shopping for curtains (living the high life!!!).
The conference was in Hall 3a at the NEC which is a pretty big hall in general. There were a lot of exhibitors present and the joint AFC/MSP area was very nicely positioned next to the EV lecture theatre which seemed to be the busiest of the lecture theatres in operation. It was a small stand but similar size to a lot of the exhibitors. Saldy there was no AB present as he'd only attended on the Tuesday according to the AFC rep present who was a very nice chap I spend just under 1/2 hour chatting with. Also there was no CH2ARGE unit on show. This is beacuse it is still not complete but is expected to be competed in the next 1-2 months which fits with the Q4 launch.
MSP have been a partner since much earlier in the year. They provide the battery technology which is needed for the unit. Essentially the H2 will be fed into fuelcells at a constant optimal rate that will charge the MSP batteries. The batteries will then be used for charging vehicles and can be done fairly rapidly although no times were given. H2 will initially come from H2 cylinders/tank for the demo unit but in time the plan is likely for ammonia to be used. Ammonia is 9x less volume than compressed H2 gas and it is also able to be transported in simple HGV setups whereas H2 transoprtation is more complex and costly. The demo unit will initially be stationed at dunsfold but will the be transported around the country by HGV for various planned roadshows.
There was talk of car parks, off grid etc locations. Although grid charging units are cheap, a lot of carparks would require significant investment in it's supply to allow units to be installed which helps AFCs cause.
Costs etc were not available but there had been some good interest during the 3 days. I had to wait 30 minutes before I got to chat to the MSP and AFC reps. The partnership appeared very strong and both parties were clearly very excited that the demo unit would soon be up and running!
I came away very positive and also got hints that there was some other significant stuff going on in the background with big clients that couldn't yet be discussed.
Still patience is required but I truely believe this quarter we will finally see a product the AFC can finally showcase and take orders for. At this point we may start seeing some revenue on the balance sheets!
I hope this reassures some of you.

GLAH,

Jim

Only just noticed rns

I thought if you dropped below the threshhold of 3% thrn it had to be rnsd

Thanks Notes - 2.99% Sneaky Indeed

Thanks notes. That's a very good point.

Why would he do it though? Apart from bringing his holding below a notification threshold. It's not like if he needs the cash.

Clearly tactical... possibly bought them back simultaneously under another guise... tells me there isn’t any dilution on the horizon otherwise he’d have dropped below 3% automatically in due course...

Was not done for the money! Up to something?

It's only £50k

Fuelcellinvestor, welcome back ..... well I hope you are in for a good while and this thing finally takes off!!!