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Of course we now know that was all BS. I hope recent assertions by AFC on imminent diesel generator replacement is not also BS. The track record is not good but this hasn't affected Bond being rewarded more free shares for presiding over failure!
Taken from 2015 I wonder what happened to it
https://eepower.com/news/1-billion-of-british-fuel-cells-to-be-deployed-in-south-korea/
Very telling when you look at all those posts Pom... nothing but bashing from Daz for years.
Spot on with your appraisal
The bashers are going to be all over this.
Derek will probably pass out with rage. Lol
Newbies please be aware that this poster has spent years putting AFC down. As a paid job I suspect. Here is their profile which just highlights how persistent and prolific they have been.
Suspect they post as the poster Garonne also.
https://www.lse.co.uk/profiles/daz9643/
Just a note for those newbies like constructivenews who have been here 5 minutes and think they know everything.
This is from 2018 ! Moving into production !
Having achieved the majority of commercial metrics, such as power output, longevity and availability, the company expects vast improvements in 2018 as it advances its product to the market.
Adam Bond, chief executive of AFC Energy, said: "In 2017 we completed our three-year plan with the deliverables we promised. The funding put in place early in 2017 allowed us to enhance the 10kW fuel cell system design to support scaling-up of this modular design basis, complete technical milestones to deliver the longevity and reliability required for power plant application and develop the strategic partnerships to underpin the future commercial manufacturing and supply of fuel cells."
During the reporting period, the company also raised £8.1m through a placement, subscription and open offer in March 2017.
AFC energy aims to find commercial applications for Alkaline chemistry fuel cells, which have historically given high power outputs at a high cost.
The company believes it can provide the fuel cells at a low lifetime cost of ownership with high efficiency, working as a clean and renewable alternative to back-up power from diesel generation, which AFC believes will make it "a central and key part" of the new energy economy.
John Rennocks, chairman of AFC Energy, said: "The timing of the move into production could not be better; the world is crying out for stable, reliable, affordable and clean energy. Whether it is an office complex that fears a utility outage, a construction site, a datacentre or a remote village that has never experienced reliable electrical power; all share the same fundamental need for clean, reliable and affordable energy."
It was in a floor safe under a rug last I heard
He is the same over at Aminex, calling people idiots who have been there 14\15 years. He’s a joke who is best avoided…..stockcheque…stockcheck…Haggis. They are all over him. I wouldn’t mind, but he keeps his share “certificates” behind a picture in a wall safe??? . You couldn’t make it up!!😂🤔😂
I could show you loads of facts but there's no point because you never admit you're wrong or that there may be other perspectives . If you were telling the truth, which I very much doubt, you had shares running into seven figures when the price was around 80p. Yet you never show the slightest disappointment or frustration that the price is less than a quarter of that and has been for some time. You're not credible
Why, specifically?
This is huge news & can only be fantastic news for Afc Energy & the Hydrogen economy.
It is very difficult, given past exaggerations, to believe everything the company puts out in relation to forthcoming sales etc. I just hope this time, they're being truthful and sales do begin and grow. LTHs deserve a change in fortune here.
For about a year now the price has been relatively even. May be a good sign in my opinion.
Said all rampers every year since long before you showed up. Were you even hear when Bond said we are on the cusp or Rennocks said we’ve got the right products at the right time at the right price ? Or when Bond said we’re on the glidepath to sales, we’re accelerating towards sales, talking to advisers about how best to announce the order book, growing order pipeline with 50+ qualified leads. Any of those ring a bell ? Haggis saying they’re very busy but it’s all under NDA 🤡.
Financial year runs from 31st October so half way through this financial year with estimated revenue of £7m but so far nada.
I repeat, all those that gave a presentation at the AGM. Adam, David and Mike were all eager to tell but were unable to, things will happen soon enough and lots of it.
Yes impressive performance stockckeckbs since Adsms ramps, finance ceo incompetence and the report plus investor meeting , really imploding impressive , besides I don‘t care about Itm you poor tool
Daz 4 months is not half way through the year?
Is just in limbo now, it might crash or rise.
Adam stated in the latest Investor meets company video, news will be released shortly on the above.
So all looking good for the near future.
Reported for false and misleading information.
AFC Energy have £27m in cash, this was advised in the recent shareholder meeting. Also £27.5m order book. ENough cash at the current burn rate to last to min July 2025, NOT year end.
"Strong balance sheet with £27.4m of cash at period end (2022: £40.2m)"
"2023 strategy focussed on market penetration with key agreements signed to expand distribution channels for the fuel cell division, resulting in a £27m orderbook[1] for 30kW S Series H-Power Generators and ancillary equipment"
https://tools.eurolandir.com/tools/Pressreleases/GetPressRelease/?ID=4486977&lang=en-GB&companycode=uk-afc&v=r2023
AFC Energy has outperformed ITM Power over 3 years, 2 years, 1 year, and year to date. FACT!
Ignore the con man trying to make out ITM is a better investment than AFC, it clearly IS NOT!!
https://ibb.co/swhJV84
https://ibb.co/R2P5gkH
https://ibb.co/HKYf8HC
https://ibb.co/kqNVXDG
Reported again as it's still here.
This statement is totally false and misleading, there are no cashflow issues and no crisis.
"AFC: Facing cashflow challenges, with reserves dwindling and a pending crisis."
AFC Energy have £27m in cash, this was advised in the recent shareholder meeting. Also £27.5m order book.
"Strong balance sheet with £27.4m of cash at period end (2022: £40.2m)"
"2023 strategy focussed on market penetration with key agreements signed to expand distribution channels for the fuel cell division, resulting in a £27m orderbook[1] for 30kW S Series H-Power Generators and ancillary equipment"
https://tools.eurolandir.com/tools/Pressreleases/GetPressRelease/?ID=4486977&lang=en-GB&companycode=uk-afc&v=r2023
It makes no difference how many times you claim I am wrong, I know I am right, I know it as fact, so stick your head in the sand. On top of which you have offered zero fact based argument to PROVE me wrong, you've offered nothing other than finger pointing, show me the facts, you can't because there are none.