With many, many thanks to the CEO’s from Zephyr Energy, Power Metal Resources, Scirocco Energy and SpectrumX who entertained and informed us at last night’s investor event. To see their video presentations view here.
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DW you’re back to your usual tricks of posting multiple times and sounding hysterical. Your bitterness towards Bond is palpable. Suggest you leave the board for a few weeks and calm down. I’m putting you back on ignore again as I don’t need to read your multiple repetitive and quite frankly tiresome posts.
Most investors realise this however there is a hard core of whiners for whom patience and logic do not apply. Their motivations are unclear. But, like children, when the SP heads up again they will be right there at the front posting wildly optimistic comments with daft rhetoric such as "see you all on the beaches" "£10 by the end of the week" etc. So, excellent as your analysis is im afraind for them its pearls before swine. For the rest of us thanks and agreed. No guarantees however with aim.
I’ve been a visitor to this board (and previously the ii forum) for several years and I’m part of what I’d like to think is a silent majority that doesn’t post much (or maybe that's just me) but I would like to dampen some of the concerns regarding the lack of orders so far.
As someone involved on the technical side of specifying and requisitioning power generation equipment on behalf of an end customer, I can only give testament to the amount of time it takes to go through the bidding and evaluation process up to eventual order placement. In my industry (oil and gas) a very good outcome would be to have bids generated, received and evaluated, and an order placed within 3 months of an enquiry, and that would be for standard, proven kit (small turbine or gas/diesel engine). 6 months would not be unusual, nor would 9 months, especially if an end user doesn’t really know what it needs, or keeps changing its spec, requiring a supplier to re-tender. I am aware that in other industries the process can take even longer, especially when selling to the public sector.
In this case, with AFC’s fuel cell system, the customer is buying in to novel technology, and is starting from a point where it doesn’t have any expert understanding of what’s in the box nor what it has to provide outside the box to make it all work. The customer ought to do its own due diligence into the technology. The extent to which the customer will do this depends on the criticality of the intended application and the resources available to do the work. This would involve assessment of technical readiness and qualification status of the overall equipment and key components. The customer might ask for independent studies, such as FMECA, to understand consequences of component failure. At the end of all this, once the technical/procurement team is ready to recommend a supplier’s equipment for purchase, then there are budget holders and their operations staff to be convinced – all of which takes TIME.
Adam Bond has told us in June (?) that he has several qualified enquiries on his desk. That is good enough for me, as an investor, for now. Now we have to wait and be patient for AFC and the potential customers to do their work.
SH, my problem is or our at AFC that we Heard- all this stories already many times , a reason why the Sp is were it is, as no one trusts the AFC information - they have to install trust again and they do zero to do that.
Snag is southerhay you don't be know the reason for the silence anymore than the rest of us. You're just surmising it's because they're busy working away preparing everything for orders. What if that's not correct. Then what. It's not good to leave investors guessing at such a critical time in the company's development.
DW - you know full well that IT has transformed comms since he joined AFC. There must be a very good reason for the silence and that they’re working towards the “outlook “ items stated in the last report issued by AFC. I can understand your frustration but your constant impatient swipes are tedious. There’s a massive amount going on behave scenes getting the new facility up and running. Let them get on with that and hopefully ABB design will be close now. September is more likely for news as it’s now holiday season but that’s just my guess.
When an RNS eventually comes it better be good. Anything other than confirmation of significant orders will not go down well with the market I fear. Let's hope we all get rewarded for our ongoing CV patience. I agree with DW about the PR i.e. it's non existent, which is a poor show given the specific resources we have for this purpose.
Why do you have an IR guy if you don’t care much for your PI‘s , why do you have a assembling Hall and staff if you don’t have anything to do , why does no one externally knows what is going on, except some AB buddies ?
Croqman. I remain pretty patient, but it's declining a little, month on month. Many savvy investors will fairly think "it's a very slow burn here, so I'll invest elsewhere and return when the sp shows sign of life." As an investor, remaining static, or below the January sp level for the following year makes little sense with so many options in the market. I'm a technology believer, but the clock is ticking, both for demonstration of commercial viability and for the longevity of the directors.
I don't think anyone is suggesting that anyone should be patient here for another decade. If posters cannot see the progress made here in the last year alone, the new/renewed focus on this sector since the back end of last year, and the opportunities that this presents, then there really is no hope, imo. The SP is not indicative of anything wrong here Holding, patient and happy to wait for news. As myself, and others have been saying for months, come back at the end of year. If nothing of substance by then, then your concerns will be more justified gla
Aim & Daz. Perhaps we need a little balance here. On the one hand, selling is a far easier option than constant moaning, or de-ramping, or whatever is going on here. In contrast, none of us can be patient for another decade and, to be fair, AFC does need to up the anti wrt communications. The very occasional "trust me" RNS is no longer sufficient and we need tangible of progress, ideally orders. If not, then shortly, the question will become "can they actually make this seemingly great technology commercially viable?" The history of corporate failures is full of businesses with the best product that could not be manufactured economically, so AB needs to demonstrate AFC wont be another addition to this list.
If there was no prospect of orders, the production facility and workforce increases would be negligent actions by the BODs and judgement would dictate those making the decisions would be no longer fit for management. So there must be orders or rolling heads. We will see which it is.