George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Ah, the old "why should I explain why the numbers stack up when they don't" routine......so basically, you can't answer the question in a way that gives the answer you want.....Well, you believe what you want to believe, but just let others believe what they want to....difference is, the doubter's stance is supported by a couple of unfortunate tings caled, er...facts, and a previous history of a complete and utter inability to deliver on overly optimistic rhetoric...
Gitfinger
You have a brilliant name. Stick it back up your Ar## . What a waste of board space you are. You obnoxious creep.
Git you're in cahoots with Daz/Garonne so you don't warrant a reply, other than why do I have to justify my investment decision to you. Made my choice happy with it. Why do you want to talk me out of it?
Wow, just WOW!
Really looking forward to that. let's have a symposium on making energy expensive ammonia to put onto ships so that we can use a cracker that doesn't exist outside of a lab to crack the hydrogen out of it (don't worry, it only takes about 1/3 of the energy in the ammonia get the H2 out......Hmmmm.... what are we then going to do with the H2? Well' we could burn it in an internal combustion engine, burn it in a turbine, or alternatively, put it into a fuel cell that can only provide sufficient charge if supported by a load of batteries....which means for maritime use, the current iteration of fuel cell is not in any way viable.
Nice one, what a great evolutionary cul de sac to go down...never mind, it keeps the "Jam Tomorrow" boys happy.....
Construct
"Afc have Customers coming out of our ears, lining up for our Technology. Tier 1 construction companies etc ! The intrest in the Ammonia cracking technology is phenomenal, visits by major copanies every week. We have Fantastic partners"
Err... that's not quite right, is it? We have no customers, all we have is a bunch of people expressing interest; even those who trialled an amazing tower of power didn't actually pay for it, because the consideration was paid "in kind" for "marketing services" . The ABB contract is a joke, because all we've actually seen by way of income from this one is £600K out of a much touted headline contract value of £4.0 M. Expressing interest is one thing, placing orders is another; big talk about Speedy, but what are the actual terms of the JV? We know that Speedy are providing sales and admin support, but what are the terms for this? is this possible the "consideration in kind" that will be used to pay for the cells if and when finally delivered? We don't know, and until we do, statements like your earlier one are at best delusional, and at worst, a deliberate attempt to mask a problem with a lack of commercial viability for the company.
The dealers just covering their backs for when it rockets up.
My mistake he was invited to do it ( Even better ) .
Pommy
Have you ever thought about actually taking a dispassionate view on what the company has said it's going to do, and what it's actually delivered in the past, rather than just going "la la la...I don't like what you say, so I don't believe you!"
As an example, look at the ABB deal; this was trumpeted as the great "next big thing" and great play was made about the wonderful £4.0M contract. Even when the accounts were published last year (you know, the ones which were late, because the company "had to take advice from their auditors" over the matter of deferred income) everyone here assumed (or, was in fact led to believe) that the element of the contract which want discounted by the share giveaway would be released as income in the current year, and the Ubers used this as justification to say that all is well and on target. What now transpires is that the amount of contractual income wasn't released in 2023 as anticipated, but has been kicked into the long grass, apparently to be released as a discount on sales to ABB, which are, of course non contractual, and indeed haven't even been factored into the pie inn the sky £27 Million....
Answer me this.......in your opinion, are AFC, under the terms of the contract entitled to receive the balance of the £1.4M deferred income upon achieving milestones, or has the contract been altered so that it form a part of the discount structure? No matter which way you cut it, the company has been less than transparent in respect of this particular contract, and it's things like this which generate the climate of suspicion that you are so afraid of.
As I said you're a paid basher I am just a shareholder. Its your job to convince us all we have made a poor investment choice, what a crap job. You have been doing it for years. One look at your posting history (and your Garonne one) says it all really
Because Pommy I see zero proof. £200k revenue last year. This (financial year up to 31st Oct) is the year that AFC focuses on delivery, have you seen any evidence yet of this delivery ? Why is the hangar empty, it should be full with £2m worth of generators for Speedy. Speedy are prolific on social media, why not even one post about a single fuel cell being hired out ? When I see it I’ll believe it, not because Bond told me it’s going to happen.
Hmm. Interesting. I know it's not on your agenda being a paid basher and all that, but could you explain why with so much going on at AFC you think it's a bust. No one else seems to think so.
Current SP is no reflection as our UK peers are in the same boat.
Daz
Afc have Customers coming out of our ears, lining up for our Technology. Tier 1 construction companies etc ! The intrest in the Ammonia cracking technology is phenomenal, visits by major copanies every week. We have Fantastic partners. Tamgo, Speedy Hire, ABB etc ! We have no company debt, we have ample money in the bank. We are securing mass manufacturing with majour companies as we speak. Tge list goes on. Sooner or later the share price is going to break out & i carnt wait.
As I said, you have learnt absolutely nothing
I think Afc have secured a Brilliant spot for Mike Rendall to be delivering the Key Note speach at the mariNH3 conference. Ammonia cracking technologys future & Hydrogen. Couldnt be a better market place for Afc.
Southern Oil was their greenwashing. Didn't realise there was a time limit set. Where does it say that?
Well they’ve had plenty of time to think about it ! I suppose you still think Southern Oil still want their system and Juelich still want there’s, more fool you. You simply do not learn from past experience.
Can't see where it says 'we don't want it'
Pommy, it was RNS’d last year
AFC Energy PLC (AIM:AFC, OTC:AFGYF) said it has received a first order for an H-Power 'S' Series 50kVA hydrogen-powered generator from Spanish construction group ACCIONA.
The generator, which is designed for heavy-duty construction and temporary power demands, will be delivered to Spain in the second half of 2023, AFC said.
ACCIONA will initially rent the generator, which comprises a 30kW AFC Energy air-cooled fuel cell and 45kWh battery storage system, for the first six months with an option to buy thereafter.
The Spanish group currently has a fleet of thirty 80 kVA diesel generators and this is a first step towards their replacement, AFC said in a statement.
AFC and ACCIONA have been trialling hydrogen power generators in Spain, but this new 50kVA version is cheaper to run and delivers 400% more power.
Miguel Paris Torres, Head of Area at ACCIONA's Construction R&D Centre, said: “The system's modularity, scalability and compactness make this an ideal platform to displace diesel generators from our construction sites in the near term."
Adam Bond, AFC’s chief executive, added: "ACCIONA is a key relationship for AFC Energy and has provided support to us in defining the ‘voice of the customer’ in a way that has informed the design specification and operation of our new 50kVA H-Power S Series emissions-free genset.
“Decarbonisation of the construction industry, in the UK, Europe and internationally is an important step in society's move towards Net Zero.”
Jeez it's like a bloody Eeyores fan boy club tonight. What a crock
Sorry to burst your bubble Garonne, but if this ever does go pop, Les will walk away Scot free. The simple reason is that you would need criminal levels of proof, and if you look at all representations made by the company they are so ambiguous and opaque that they can be subject to multiple interpretations, case in point, the use of the phrase “cumulative output” in the ABB Rns, which was the precursor to the great share giveaway….
In summary, they would never get a case to stick…..
Https://www.ft.com/content/b7570359-f809-49ce-8cd5-9166d36a057b
Don’t worry about our last rampers, Haggis is giving it loads over on Aminex! Same ol bile if you have concerns.
Looks like the last few rampers are giving up as reality stares them in the face. When you think of some of the big names Bond bandied about as future partners, firms such as BK Gulf, Altacco, De Nora, ABB, Recardo etc. and AFC end up doing business with Speedy hire with a MC similar to its own, just shows how much he has failed to deliver. I don't see him being able to raise significantly more cash in this current economic environment and with a track record of failure behind him stretching back many years which is reflected in the current dismal shareprice. I just hope if this goes under that Bond gets held accountable for all the misleading RNSs etc. investors have been exposed to since he took over as CEO.
Oggs....how very dare you say that Constructivenews is filling the board with Spam! Different meat product, I say..... maybe there should be a new verb in the English lexacon.....to "haggis" (verb......to blatantly ramp a stock on as many media as possible in spite of overwhelming evidence that it's a dog)