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I will be extremely disappointed if any report out this week doesn't include clear facts and evidence of what has been going on at AFC over the last few months, and isn't just more regurgitation on how we're on the cusp of great things.
MIKODX - The news we would like is around EV orders...and why there are none so long after launch. We would also like some news re Alkamem as we have had vague snippets telling us it has been sent to third parties. We would like to know if hydroxy S is progressing as planned......and if so why there are no collaborations with those who would use it....train and ship builders who will be designing their 2022 vehicles about when it is ready. We would like some news re revenue generation as AFC has been telling us for several years now that the time is right and the product is right.
Is that clear enough?
We've had an update every month this year sometimes three or four in a month. I don't understand what news everyone is waiting for? We had an Interim Results RNS on the 24th July explaining everything the company is doing, and is going to do. Just don't understand what all the moaning is about. The only RNS due now is an update on Extreme E which I'm sure we'll get pretty soon.
I wonder Athansius whether there is plenty of news flow going on - just not to us. I know if I agreed to put a large chunk in as an II for a fundraise I’d be asking for at least a monthly call to update me on progress. It doesn’t need to be price sensitive to be useful after all.
The trouble is that AFC must realise that (unless they really are stupid) so it concerns me that they still say nothing.
Sometimes if one is suspected to be incompetent it is best to keep quiet, rather than open ones mouth and provide confirmation!
We must be due an update on many facets of the business. With the closed AGM it’s more important for the company to provide an information conduit otherwise the bed wetters can easily say things like red borenet did earlier.
As I said earlier, AFC need to get their fingers out now while there is a window of opportunity. But to be fair to the company, in the past Hydrogen energy hasn't really taken off anywhere in the world up until now, and a lot of money was pumped into developing the concept. The years of hard work is finally beginning to pay off and AFC have made great strides in the development of it's AlkaMem membrane technology, and other off grid products.
You can't really sell products when they are not quite ready and when companies are not really investing in Hydrogen energy. But what your seeing now is a change of direction and attitudes towards Hydrogen energy from countries around the world, brought on by this pandemic.
The window of opportunity is now, and AFC cannot let this opportunity pass them by, and I think they wont. My biggest investment is here and I wont be touching it for at least the next six months. I think very soon our level will easily be 50, then by next year we should start hitting £1. I see very good times ahead. Holding firmly.
Don't think Bond/Rennocks cares what the PI's think, they have secured their wages for another 5 years.
Hey Adam. - wake Up.
300k for 6 years you had a good ride
Time to work hard or pss of back to oz
AFC needs a better CEO, someone with proven delivery from R&D to commercialisation.
We’re just treading water, no progress, and no partnerships!
If you put in a new CEO with industry knowledge now, things might look up; continue as we are, failure!
Sadly this sums up nicely why nothing Bond says will raise confidence. AFC needs firm orders and nothing else will do.
Absolutely Mikodx, from Nov 2018 -
Adam Bond, AFC Energy's Chief Executive Officer, said: "It's been a busy but successful twelve months both in terms of AFC Energy's preparedness for commercial deployment, and in its drive towards clear platforms for deployment in the massive off grid power market. The technology has never been in a better state, our partners and supply chain have never been more focussed and the market for hydrogen based solutions to the ever increasing decarbonisation agenda has never been more prevalent. Our aspiration to become a leading supplier of hydrogen based solutions across the value chain is now within sight and we look forward to consolidating and growing our existing pipeline of projects both in the UK, Australia and internationally."
Elsewhere in this update it mentions exploring partnerships in Japan, Australia, etc, so much promised and little delivered. How long ago was on the cusp mentioned, right products at the right time at the right price ? And instead of orders all we get is excuses.
With ITM making serious inroads and with their SP tripling in ten months, AFC Energy has to start delivering, no more talk. In a time when the govt are investing heavily in cleaner greener energy, the SP should be well past £1 by now. Get your finger out Mr. Bond we've been waiting far too long for this stock to breakout. The breakout should be happening NOW.