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Looks like Plug and others making an unexpected recovery (so far). Seems to helping AFC too. Hopefully fuel cell stocks have now bottomed out in the US bringing some badly needed enthusiasm back to the sector.
Daz, doing the sums ... A 2000 kW diesel fuel generator on a construction site can use up to 13,000 litres per day. At an increase in duty of 47p a litre that would be an additional £6110 per day or £2,230,150 per annum more expensive a year.
And for the avoidance of doubt regarding the government 's policy:
https://www.gov.uk/government/publications/reform-of-red-diesel-entitlements/reform-of-red-diesel-and-other-rebated-fuels-entitlement
Not long before we see big changes here then - this is right up AFC’s street. Bring it in
Wow! Thanks for sharing SurfingLife, yes that's surely why MACE are working with AFC right now to plan replacement of their diesel generators asap!
Near doubling of their fuel costs on site, ouch!
https://www.theconstructionindex.co.uk/news/view/construction-to-lose-red-diesel-rebate-in-2022
Does anyone know how much the subsidy is worth and how long it would take a construction company to recoup the cost of purchasing a fuel cell generator ? I've got a diesel car which gets taxed more and more each year but the cost of replacing it would never be recouped from the increases in road tax or fuel, just as an example.
In April 2022 subsidies for red diesel will be removed on construction sites. That is not in 5-10 years. That is in 11 months. This is why Mace are working with AFC today. It's not happenchance that the environmental and economic cases have fortunately aligned and need to be resolved by companies now.
Hydrogen is quite obviously not happening in 5-10 years, it happening today. But we, almost all, know that.
Remember everyone, RugRats is only here to destroy value and take food out of your children's mouths. He is shorting or dependent on spread bets and SP decline. Don't engage with this nasty piece of work!
I think your reading a bit to much into the plug drop, the whole U.S. markets have been dipping lately and yesterday was a super bad day for every sector, I see buying opportunities everywhere and will watch closely the next few days and add accordingly, all ev and clean energy stocks are long term for me and will bounce back!!
Rugrat has clearly missed the purpose of the AFC offering. It does not need an infrastructure or a market such as refuelling HFEVs for example. AFC are offering a solution to directly replace diesel power generators and offgrid EV charging. This is an immediate requirement. I guess they are just another bell end for the filter. No doubt we are seeing erosion but sector wide. Cream will rise to the top.
Southerhay,
Bashers will never reveal their agenda. However it’s clear rugrat is incredibly poor and if employed should be sacked.....
Jim
Mace HS2 contract for new station
“ The new station will be net zero carbon in operation and adopt the latest green design and sustainable technologies, including capturing rainwater and utilising sustainable power generation. There will be more than 30,140 sq ft of solar panels located on platform canopies.”
Personally, the reason I selected AFC ahead of competitors in the industry is because it has a much lower cost offering. In my opinion, the number one factor preventing companies from going green is cost viability, yes there are other factors, but it's primarily a cost issue.
This, in combination with the continued social and corporate drive to deal with climate change (for example most global companies have a strategic objective of some shape or form which relates to being more sustainable) we're reaching a tipping point for AFC to break ahead of the pack in months rather than years.
Again, just my opinion, but it's why I'm invested in AFC now and not perplexed by the daily and weekly fluctuations.
Rugrats - I’d like you to tell me and other genuine holders of AFC exactly what you’re doing on this board.
You seem to be spending an inordinate amount of time posting on here. If you genuinely see no immediate future in this company (you keep wittering on about 5 years it’ll come good) then why are you even wasting your time messaging?
Come on, come clean, be a man and tell us please. I for one am intrigued.
Very close to a sector reversal IMO. Should see share price improve over the next few weeks, months and hopefully years.
Thanks for the reassurance Scarpa. It's good to get your views on the recent down turn in the sector and how you put it in perspective. Patience as you say will I'm sure pay off here.
Two things worth keeping in mind.
1. If you were a competitor, would you be concerned about AFC products? I think it’s a ‘yes’.
2. We have a lot of cash in the bank. Cash burn is going to increase but we’re not going to get through £60 million before orders come in.
If I had to pick a stock to be in atm, it’s this one.
Garonne, it’ll all come good. It drops, it picks up again and I’ve learnt to live with it. My head tells me it’s a buy and so I keep accumulating at the best prices I can get. The sector is taking a pasting but that can’t continue so just keep telling yourself you’re in at the right time. One decent order changes everything and your patience will be rewarded.
Well done dude, as others have said, let the CME take effect, due diligence, get the complete manufacture covered …accept what comes.!
*bought some not but some!
I also but some recently at 72p! I'm going to hold though beach as I'm confident it will all come good. Garry Bullard's missus and Joseph Mangion must know that something good is coming.
Maybe something on HiiRoc could lift the mood. We must be due a progress report on our collaboration with them anytime now.