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The other option to selling the Ammonia Cracker is that one of the huge Ammonia industry clients AFC Energy are already talking to throw in a few hundred million investment into a JV and spin off the Ammonia Cracker business into a jointly owned business. A bit like what we've done with Speedy Hire in forming the Speedy Hydrogen Solutions JV, but we put in the Ammonia Cracker IP which is worth a few hundred million, and the partner puts in the equivalent value in cash.
Joaung1,
Thanks!
These trolls are just liars and con men, their posts are fiction intended to put people off the stock whilst winding up the shareholders. Best this to do is filter them out and save yourself from their BS.
Joang
I'll continue to invest here, thanks
What valid reasons does stockcheque give?? He says we will be bigger than Amazon. He says we will go up double digits daily. Are you for real?
How about the history of AFC? Over promise and so far nothing in return. How much income are they making? Have they always done what they will say?
Get your head out your ass and question the company you've given your money to!
Melvin, Garonne, Snork,
You are fools if you think some comments on a message board by a handful of people will move the dial on the share price. At least Stockcheque gives valid reasons why he thinks the share price might go up - you and your mates however, offer zilch. Just constant moaning about where the sales are and why there’s no info. Then if there is info you go on a rant again. If you can’t handle investing in a new industry that’s just beginning to build a market, go and invest somewhere else.
You mean 💩 themselves not pooling lol
AFourleafClover, yeah, I take it they are pooling their short with the one on ITM which they are still well up on, so overall on all their shorts they are still ahead, but both AFC and ITM have gone up recently so their overall profit has significantly diminished in the past few months. They only bank that profit when they close these shorts, will they wait to lose all of that profit before closing both? If they are they must be more dim than they already appear for not closing out months ago.
Sorry, you are right Stock, i was looking at 2022 share prices, not 2023!! WOW, they are hemorrhaging money! Good !!
Constructivenews,
1) Because it's not a core product.
2) Because AFC Energy is a Fuel Cell company not a fuel supply company.
3) AFC Energy have advised that they do not intent to become a fuel supply company, as companies like Linde, Air Products etc already exist for that.
4) Because it could bring in £300m or more plus royalties on future sales
5) It would mean AFC can concentrate on it's core business of Fuel Cells
6) It would save AFC from having to finance two technologies going commercial. AFC might not be able to cope with the huge demand for both, from manufacturing, logistical, staffing, financial and other perspectives
7) It could bring in £300m+ in cash to finance significant upscaling of the Fuel Cell business, and could also provaide ongoing royalties on future sales.
Fund % Short Date Changed
Helikon Investments Limited 2.13% 24 Jul 2023 @ 24.2p
Helikon Investments Limited 2.01% 21 Jul 2023 @ 23.78p
Helikon Investments Limited 1.96% 20 Jul 2023 @ 22.76p
Helikon Investments Limited 1.89% 19 Jul 2023 @22.8p
Helikon Investments Limited 1.75% 18 Jul 2023 @22.6p
Helikon Investments Limited 1.58% 17 Jul 2023 @22.6p
Helikon Investments Limited 1.30% 13 Jul 2023 @20.7p
Helikon Investments Limited 1.14% 12 Jul 2023 @20.88p
Helikon Investments Limited 0.97% 11 Jul 2023 @22.44p
Helikon Investments Limited 0.81% 10 Jul 2023 @22.44p
Helikon Investments Limited 0.78% 7 Jul 2023 @21.7p
Helikon Investments Limited 0.60% 6 Jul 2023 @21.7p
Helikon Investments Limited 0.51% 4 Jul 2023 @18.43p
Helikon Investments Limited 0.50% 13 Jan 2023 @45.3p
Helikon short was taken out at around 12p last July.
Helikon need to buy back approximately 16,518,452 shares at 24.8p to close their short. (2.11% of the issued stock).
That is currently losing them approximately £2,114,361.
Buying those back is sure to increase the share price, and the fact the short is closed would add to the positive sentiment for the stock.
I was trying to work out Helikons Short position earlier, I'm not entirely sure I've done it correctly but I have it as 16.5M shares (2.21% of 747.44M), at an average price of 22.41p. Valued at £3,701,778
If they closed their position on July 5th instead of increasing it, they could've walked away with nearly 1M profit, but instead, are now looking at a 230k loss. (16.5M @23.80p = £3,931,383)
If these calcs are correct, what price do you think they will need to start reducing their position?
But hold on a minute ! Wasn’t part of the £60m fundraise to cover warranties ? With all these additional £27m you’re going to need a much larger cash holding to cover the increased warranties
Why would we sell our prize asset, the Ammonia Cracker. It would make more sense to license it all over the world. This would lead to long term increasing revenue for Afc strengthening their cash position even more & still maintaining our prize asset.
£17.5m for 12 months is £1,458,333 per month
£27.4m closing cash position is 18 months and 3 weeks cash
From 31 October 2023 that is enough cash to last to the third week of May 2025
Even if costs increase a little this year, the cash runway will still be very long, long enough to bag a huge number of sales agreements to push the price right up, so if they do need some cash in late 2024 the price will be way higher than it is now.
Sell the Ammonia Cracker business later this year for a few hundred million and it won't even matter.
Indeed he does. And when challenged he immediately states that he only deals in facts which is , demonstrably, utter nonsense. He's done at least as much damage to the chances of a sensible debate on this board as have any of the perpetual naysayers.
Your allowed to full ramp though here. You just can't question why Bond has barely sold anything for a decade.
Know what you mean Snork, he does go on somewhat.
Well no one can argue with the potential of the market Afc can take advantage of here. A small % of 82.6m Generators would be phenominal.
i want it to go up at least as much as you sono***un. but the bs peddled by haggis (the next amazon...) needs calling out
Enough cash for 2 years, no Debt & a rapidly increasing order book. Looking fantastic.
Afc Energy have two years worth of cash burn, so don't talk stupid. They also have a rapidly increasing order book.
It seems that some here just put a full stop after the £27m and that's it. This is just the start Snort, not the end.
More truth stretching Haggis. We've been told definitively that the £27m order book won't all be delivered this year so if they're booking profit on that then all sorts of trouble awaits.
There was no dip, the price showed down because of the lower Uncrossing Trade price on Friday after the close, the Bid and Ask were not affected as I said on Friday, and we opened with the same Bid and Ask prices this morning, hence no dip.
Not a chance of a cash raise before year end. They not only have the cash, they also have £27.5m in sales, which includes the profit on each unit sold.