Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Regarding forklift market, I came across the following based on a post on the PHE board. It referenced the Japan strategy. The documents give a lot of info and show some interesting targets for 2030 e.g 10000 FC forklifts, 1200 FC buses 800000 FC cars.
https://www.meti.go.jp/english/press/2019/pdf/0312_002a.pdf.
For those with more time on their hands!
https://www.meti.go.jp/english/press/2019/pdf/0312_002b.pdf
https://www.meti.go.jp/english/press/2017/pdf/1226_003a.pdf
PSmith, some posters are tired of reading your constant deramping. It wasn't long ago I said that the SP was way ahead of its market cap valuation, but you were not having it, and when you realised it yourself you sold and not only sold ITM but sold everything else in your portfolio citing you didn't want to be greedy. You will wait for a lower entry point/market crash. Time in the market, not timing the market.
Markets crash several times a year, we just had one a few days ago, but it doesn't want to go below 5900 on the FTSE 100, we are trading in the 5900 to 6300 for now. Whilst you are sitting outside, some of us are buying shares and compounding. We get that you are getting on, fine, but if you wait for 175 and you buy, what's stopping ITM dropping to 75p?
DonTradesAway........ So you only want to hear what you want to hear then?
Filters are a waste of time if I still have to read everyone else's replies to the filtered fools.... Is there no way of getting them blocked from site entirely???
If you don't believe in this share why do you post on it every day go to one you believe in
psmith64
My advice would be to live the dream while you still can.
Time is valuable and you my be waiting forever and a day for the drop in SP you predict.
I assume everyone invested here is mature and adult enough to look after themselves.
Enjoy your day and ATB
Looks like the cold hard facts are difficult to take in for some. A dose of realism is difficult when you get a bit greedy and miss the boat of making a bit extra.
You fall in love with a share and sense can go out of the window.
ITM will deserve today's valuation at sometime in the future and more, of that I have no doubt, but its a few years off yet and they have a bit of work to do after the financial hit of German shell job. We have to see that they can get the pricing right on the current pipeline of tenders, until then it's based on a lot of faith on a company that is way over valued right now.
The directors were not daft in securing their financial future off the back of 283p share. They know how hard they have to work in a competitive market to see that price sustain.
With the volatility in the price over the last four months 90p - 365p over a time where the cash burn has nearly doubled, its not going to attract serious investors. Its become a day traders dream which you can see by the relatively small retailer trades day in day out.
Take care because when it dives below 200p again it will be short and sharp in my honest opinion
https://fuelcellsworks.com/news/als-forklifts-go-green-with-new-hydrogen-fuel-cells/
I have him re-filtered after a short reprieve Mucker. Silence is bliss again!
1LEO........there are well established companies out there that have made circa £ 50 million profit off of £ 800 million turnovers year in year out and paying 4% dividends valued at less than ITM.
Telecom Plus ( TEP) is one of them, valued at just over £ 1 billion.
At today's price people are paying way into to the future for the current ITM valuation.
At the current cash burn it's going to run out of cash in just over 2 years.
Can ITM become profitable before it needs to make a cash call?
Off the back of the hype I think we have all got a bit carried away with the optimism hence I think many will like look at taking the profit very soon, it has to be a temptation with all the uncertainty out there.
I would rather miss out on a bit of profit and see a bit more turnover and certainty before I re-invest or see the price return to a more realistic entry point which I do believe we will see in the not to distant future.
The SP has gone a bit too crazy of late.
PSmith64 - filtered.
Sick of the ‘5 years’, ‘DYOR - it’s your money’, ‘ITM is overpriced’, ‘now taken a profit on Plug Power’ (isn’t that what we all do but we don’t bang on about it - has he ever lost any money?).
My advice to the more vulnerable on here ... take care with what you listen to from PSmith64. He’s no idea of the future.
The great thing is I won’t get to hear his response because he’s filtered... YEAH !!
This share is not overpriced when the next good announcement comes this share will fly and we won't have t wait to long
Totally agree about Hydrogen fork lifts in warehousing. It is what attracted me to Plug Power just over 5 years ago.
Another one I decided to take the profit on a couple of weeks back and one I will be back into when the SP is reflecting value for money.
My opinion hasn't changed with ITM. Still looks way over valued at the moment for where it is and still have my limit order in place at 175p which reflects a more sensible re-entry point for me.
Failing that I am happy to be out of the volatility and unpredictability of the SP until we have a decent forward order book with RNS's to back up the pipeline wins. It will also be good to be clear of the Shell Germany project so we can see the final result of the losses their.
Hydrogen is certainly the future, but not at the current SP's. Good to see many of them adjusting to a more realistic price than they were a month ago, but more to go in a southwards direction to make them value for money again in my opinion.
DYOR as ever, it's your cash not mine. Just check out what future you are paying for at the moment with ITM which is some years off yet where anything can happen in that timescale especially with the competition in the market.
Mucker totally agree - Plug SP up 18% yesterday btw. The growth in online sales and grocery deliveries etc is massive and warehousing is going to be on an unprecedented scale. Add in 3d printing prefabrication etc and the volumes of materials handling vehicles (including self-driving that can work 24/7) is massive.
SP .. I hope so too. Having had some operational and budget responsibility for warehousing and logistics, I know the frustrations that traditional battery fork lifts bring especially to a three shift 24/7 company. We continually had service engineers on site keeping the fleet running at a huge expense, Reliability was a major factor and the companies providing servicing were making a fortune!
It’s a long time since M&S turned away from ITM but in my opinion there is huge opportunity for hydrogen powered transport of all types in the supply chain. As you allude to, let’s hope others sit up and take notice.
Incidentally, a nice little rise in SP although I was looking up pick up a few more at £1-75 !! in the short term. I guess I’ll just have to be a little more patient.
Glad to still be in though , you don’t want to be caught with your pants down on this share.
GLA,
I hope the M&S execs who turned down ITM's fuel cell fork lift trucks find out what a huge blunder they made...............
Gold rush on hydrogen shares coming mark my words. Better in than out excuse the pun.
Brilliant news. The Walmart connection. Should get lots of attention from competitors!
Asda’s partnership with Plug Power includes a purchase order agreement for Plug Power’s full-service GenKey solution, beginning at the UK facility in Skelmersdale. The turnkey solution includes fuel cells, hydrogen fueling equipment, hydrogen and service. This new customer continues Plug Power’s growth in Europe and represents the first deployment at scale of hydrogen fuel cell technology for material handling within the United Kingdom. The effort reduces Asda’s reliance on traditional lead acid batteries for power in their material handling fleet and is part of a broader initiative designed to make the company’s operations more environmentally-friendly.
https://www.globenewswire.com/news-release/2020/08/03/2071583/0/en/Plug-Power-Brings-Hydrogen-Fuel-Cells-to-Leading-UK-Supermarket-Retailer-Asda.html