Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
As far as I can see these were the top three trades today :
tradeTime,currency,price,volume,tradeValue,type,micCode,tradeType
2021-01-05T10:39:16.937,GBX,70.066,875000,613077.500,Off-Book,AIMX,LRGS
2021-01-05T08:41:53.317,GBX,69.8,286522,199992.356,Off-Book,AIMX,LRGS
2021-01-05T08:30:40.047,GBX,69.7,220000,153340.0,UT,AIMX,
-- https://www.londonstockexchange.com/stock/AFC/afc-energy-plc/trade-recap
We can compare mcaps until the cows come home, but it's not a very fair comparison until AFC too start to record some revenue, and hopefully publish the size of the order pipeline.
ITM only made £3m revenue with a pre-tax loss of £29m, if we can make anything approaching that revenue without spending all the £30m cash we have in the pot currently, we'll certainly get a re-rate nearer to ITMs mcap.
But not until then in my humble opinion.
I would increase my pot too if I had any liquidity. Trying not to kick myself for not filling my boots at ~4p, but it’s fair to say I was _very_ stressed at the possibility of losing my holding entirely. I am glad I partook of the 16p open raise however.
I wonder if we can hope for the government to throw funds our way, the same way they so freely gave - was it £10m? - to James Dyson to tinker with electric batteries. We are arguably far more deserving being publicly held and having an actual product to bring to market...
A nice flurry at the close of play to see us blue in a sea of red today.
A glance across the markets show H2 related stocks all fairing well against the combined storm of Brexit and nCoV2019, long may that continue, how nice it will be to be seen as a safe-haven stock against an uncertain future going into 2021.
I'd have thought our $4.4m cash reserve would buy us a chunk of that ?
24% of Sacgasco's Borba project is available for buy-in, news release from them (SGC) today.
It's nice to see this sentiment sustained, I'm guessing we'll enter into 2021 anywhere between 45-65p,
with the first half of the year seeing us grow to approach an mcap of ~500m if all goes to plan ?
In terms of my exit strategy, I'm not sure I have one as I don't need this investment money to survive on, and if AFC are successful why would I sell them...
Ahh yes, such genius comments as :
yellowf1 [AFC] (19 Aug 2020 07:55) RE: 29th August will be 12 months
Why don't people just recognise and acknowledge failure?.
Is it the "head in the sand" mentality?. Or just you want so much for this to succeed you are blind to the reality?.This company is a dud, with products that either don't work or are not fit for purpose, hence no sales or revenue.Wake up and smell the coffee..
From 17 Jul 2020 08:31, I noted :
This is an interesting comment at the end of the article (from 2nd July 2020) : "Formula E, which is backed by ABB, will be responsible for the new car charging system, **including the energy supply**, the distribution network and the charging equipment to be used. ***The suppliers for this, and the powertrain, have yet to be announced***, although Enel X currently provides the charging systems."- https://www.eenewspower.com/news/williams-gen3-formula-e-battery
Now I wonder who ABB might look to for this :)
I think all of the LTH, myself included, saw promise of great value in AFCs technology over the last decade (and more!), and whilst my blood pressure has been worryingly high for many of those years, I'm happy to see our faith is paying off finally.
Cant wait to see what the following year brings :)