Member Info for AnneOwl

I'm nitpicking here DesertWolf, but the 240kW unit is approx 1TEU, not 40ft.

AFC Energy should be considered wholly incompetent if they dont RNS some serious progress before announcing a placing when the SP is at these levels. I really dont want to be locked out of a massively dilutive placing offered mainly/only to institutions.

The markets will want to see substantial contracts signed, not just deposits paid, before they believe anything AFC Energy promise.

Many years of jam tomorrow from AB and those before him...

That's not to say it won't come good eventually of course!

This bit is interesting :
"AFC Energy also achieved a world first this year where it successfully integrated and generated power from a prospective, innovative new hydrogen generation technology. As part of this integration, we transported one of our fuel cell systems to the United States for the week-long testing programme where, in parallel with commercial discussions, we were able to demonstrate the potential for clean, localised power generation."

On the other hand, given Chlor-Alkali seems to have been a bridge to nowhere, AFC still hunting for meaningful (large) commercial opportunities, and hence involving FTI Consulting?

Presumably AFC cover the cost of shipping the weighty stacks to Australia (and back when they need refreshing).
A manufacturing partner in Asia would be nice...

How many contracts of this size until we can pay Adam Bonds salary and still break even ?

Skeptically...

Not a contract yet, and for possibly less than a Kores worth of capacity, was this RNS rushed out before the actual contract was signed just to appease us shareholders, or is some manner of fund raising to be expected imminently.

I'm still happy AFC have turned a corner finally!

I'm picking up a few more currently

Sorry, make that 350 million pounds, so if we could get a Kore out the door for less than £1.094m, we'd be price competitive ?

80MW of fuel cells for 250 million pounds, roll on 1GW of planned or deployed fuel cells by 2020 eh Mr Bond ?

Should we be thinking carefully about corporate governance here?
- share dilutions excluding small shareholders, (tick)
- executive pay, (tick)
- selling assets at below fair market value.

Thinking about De Nora and the £1mill worth of effort they have apparently given AFC Energy for free. No company would expend that amount of money and effort without some kind of written agreement, so what exactly was agreed, what are the terms and conditions, and why isn't this public?

In terms of having your cake AND eating it, I don't think you can sell the H2, and then also burn the syngas.

What a shame none of the figure images are included.

ItsallBull, dont take this personally please, I simply suggest you would be wise not to invest just because you see an investment fund taking a position. I doubt Schroders are fools per se.

I think a cursory look around the fund management markets will show an surprising number are under-performing even an index tracker, and I know a few fund managers so I can tell you they really dont care as much as you'd hope.

ItsallBull: " All we can do is follow the big investors" Schroeders, investing other peoples money probably via an 'green energy' fund, does the fund manager really care if AFC go bust, I doubt his green portfolio is turning a huge profit anyway. Abramovitch, again probably one of his investment managers who advised the initial investment, and it's a small one in the grand scheme of his wealth management. If you invest in AFC based on either of these 'big investors', you are a fool In my humble opinion.

Oh my, they've really ruined III haven't they!

By crack and track I meant frack.

Not a bad thing to hear from an appraisal well! A quite modest rate of 1.2MMcfd, but we've known for months this needed a crack at almost all the levels intersected. It's hard not to be impatient given the speed of progress but I'm happy money is coming in whilst the track permit is being granted.

What would they want with investment from Blackstone if it were not to expand and grow (both products and partnerships)?