You make the point for me Heath. As you rightly point out they have two contracts. One for a trial, one to supply goods at a cost that will not make them money (they will lose money on E Extreme) but will give good publicity. So that's zero commercial profit-making contracts then.
Sadly I am breaking the cardinal rules of investing here. My head tells me to get out, but I have been here a long time and my heart is winning.
The company could help by confirming what any of its goals are now. Are they chasing orders for EV, genset replacement, banking on the solid cell and Alkamem. Who knows? At least they are having lots of conversations. So that's ok then.
The solid cell is still under development....indeed any testing on it must be computer modelling as a full working system has never been built. I feel that we are still in the R&D stage, and there is nothing tangible to suggest otherwise.
Heath, I do think that, but again have to admit to no greater knowledge or insight than anyone else on the topic. I hope some of the L cells will be used as genset replacements, but enough to be profitable. I don't know. Once we have the solid cell I can't see any advantages to the liquid cell. Muscorum suggests cost, but I think economies of scale will render the S cell cheaper quite quickly.
What would give me real confidence now would be MOUs with companies looking to develop products incorporating the solid cell.....it is due to be available in two years so in terms of the timelines of product development this would be about right.
All of this supports my personal view that AFC will thrive on Alkamem and the solid cell. The latter has significant advantages over PEM in heavy transport. I think EV and the liquid cell will be passing phases in our evolution that contribute nothing financially.
Rennocks may have thought we have the right product at the right place at the right time in April 19, but he was wrong. Not to worry. It's not as if he's running the company or anything.
We can power a ship Daz, but not until we have the solid fuel cell in 2022. Specific vessel design could be undertaken now however and MOUs entered into.
The 20 GW taget by 2020 is historical and has no relevance to AFC now. It's cloud cuckoo land, as it the suggested valuation of £700m to $1Bn any time soon.
The best bet for an early SP rise in my view is re diesel genset replacement given the legislation coming in and the fact it can use the liquid cell. I hope for orders very soon after the Acciona trial and expect that to support a SP of 50-60p. I think this is 6-8 months away now. I hope EV will contribute something, but have less confidence.
Welcome to the board and good luck with your investment. I think many of us would feel that you have timed it well....and certainly better than those of us who have been here for over a decade waiting for things to happen!! Good luck.
Nowhere Klunk. Which might be why I never said you did! But Garonne was clearly alluding to commercial contracts in his use of the word "interest" . As he has suggested, purveyors or PEMs are selling them. Purveyors of AFCs (us) are not. Yet.
Acciona has agreed to take part in a trial, not to buy anything. I suggested some weeks ago that the liquid cell, and by extension at present EV charging, will not provide a viable basis for AFC. The solid cell and Alkamem however will be transformational and we should be attracting the likes of Cummins and Wartsila now as the vehicles currently in design will need power plants at a time when the solid cell will be available. Given our contacts JCB and RR to name but two should be all over this. I like the idea of trains most of all though and we know there is a desire for hydrogen rolling stock.
Yellow, instead of posting facile questions (although I have no doubt you feel very smug doing so) why not use some evidence to answer them and contribute something? Or is your sole intention to disrupt. In which case you are beyond redemption, but at least you probably understand what sort of a person you are.