Member Info for Bananaman2

Cheekyboy. That is exactly the sort of attitude we all need to take to ensure that the good sentiment returns and attract people to buy all the way up to the £1.50.

Just need to remember that at £1.50 AFC will still not be valued the same as ITM.

But at £2 they will.

I think the AFC product range and the fact they generate energy and not hydrogen makes them a much better proposition than anything else in the sector now they have the capital to advance.

Good luck all.

Always one. Doesn't look like that the 22p close will happen today.

Still not a bad week considering. Very postive outcome.

I expect plenty of news next week of only TR1s to let us know who the investors from the placing are.

Maybe. Its difficult to tell when reading. Can be taken out of context.

Sorry if offended !

Thats is ridiculous AnneOwl, absolutely ridiculous.

I take it from that comment you are a petrochemical engineer. Oil refining is incredibly complex. Requiring multiple processes and temperatures to extract different fuel types.

Electrolysis and energy generation is a chemical reaction which utilises or produces 4 main ingredients, power, water, hydrogen and oxygen.

I dont think it would take much to look at a fuel cell and reverse the process. Inputs become out puts and vice versa. Obviously losses in efficency.

Oil refining completely different.

surely an electrolyser is a fuel cell in reverse.

Water and electric in - hydrogen and oxygen out

Hydrogen and oxygen in - water and electricity out.

If AFC have the holy grail of fuelcell systems why would they not be able to reverse the process to make the gases using Alkamem membrane and have the holy grail of electrolyser.

They don't but Acciona may use the De Nora/Thyssen Electrolyser with Alkamem membrane

Ooh move higher. No commitment there.

I will commit to my opinion that for AFC to be successful they need orders to be placed short term. I think that is inevitable now that that will happen.

Whe this does happen the SP will move quickly and find resistance around the £1 per share mark before moving through and reaching £1.50.

I see no reason why the AFC MCap with 666 million shares in issue would be any less than CWR or ITM. but i will settle for £1bn and the £1.50 MCap for now.

Once they have the solid system in play I think this will put them on a global scale and potentially push the MCap to heights not seen for a fuel cell company before. This may be diluted a little in the SP as they will inevitably need more capital (perhaps) to manufacture multiple 2Mw solid systems for trains and ships but they will have free cash flow at some point which may minimise this impact.

18 to 36 month target of £2bn plus MCap and an SP of £2 plus

Ooh move higher. No commitment there.

I will commit to my opinion that for AFC to be successful they need orders to be placed short term. I think that is inevitable now that that will happen.

Whe this does happen the SP will move quickly and find resistance around the £1 per share mark before moving through and reaching £1.50.

I see no reason why the AFC MCap with 666 million shares in issue would be any less than CWR or ITM. but i will settle for £1bn and the £1.50 MCap for now.

Once they have the solid system in play I think this will put them on a global scale and potentially push the MCap to heights not seen for a fuel cell company before. This may be diluted a little in the SP as they will inevitably need more capital (perhaps) to manufacture multiple 2Mw solid systems for trains and ships but they will have free cash flow at some point which may minimise this impact.

18 to 36 month target of £2bn plus MCap and an SP of £2 plus

Considering it only took 3 hours to shift 187,500,000 shares I think they did pretty well regardless of the discount.

Anyway, we are now back above the closing orice from the day the RNS was released which is very positive reaction

Hargreaves Lansdown have always provided with a buy or sell quote. Not had a problem over the last few days.

I am sure AFC have a unit near to the offices at Dunsfold. Well at least they did.

Not sure of the size or if they still have it. With the manufacturing partners I am convinced that AFC will only be assembly and components will all be manufactured and bought in.

Specialist equipment potentially just for the membrane and and high frequency welding of the electrodes which was mentioned previously. Cant remember if they bought this or if this will be by sub contractor.

Nice.

With today current sharw capital a £1bn MCap would still be £1.50

Certainly not out of the question. I think the AFC product is superior to its peers. They have just not got it to market fully yet.

The £31.6m will most certainly help to achieve this. Loooking forward to seeing who the new investors are and how they may have an interest in helping AFC achieve the MCap of its peers.

MIKODX.

Sorry, I must have missed that. Must have been asleep since 2010.

Been here since the 3kw alpha system. Well aware of where we are currently.

Can't just buy a company out. You would first need to have a significant interest in the business in respect to shareholding.

Maybe Acciona or another has this and we dont yet know.

To just buy out a company is a different type of takeover for which the name defies me this morning. It would take the resolution of all the shareholders on the price and not the directors.

Topped up with 50% of my intended top up this morning. Saving the other 50% incase of retrace.

Been caught on the rise to many times. This time I have split it.

If it goes up. Great. I will top up again just get less. If it goes down, then I get more

Let's see what happens with the first funding capital before we jump to more conclusions.

Been here 10 years now and don't expect anything less. Would be stupid to move on at this point as they are potentially now closer to greatness than ever before.

Really could be moving towards £1 per share or higher if they provide the promised media storm now they have the capital to get on with it.

This surely should not be accepted without strict caveats such as the SP being above a certain level and subject to deployment of systems to customers.

To raise £31.6m and not have anything to show for it then come cap in hand for more would be the worst leadership performance.

Do they care ?

Probably not ?

whats the view on this ?

Yesterday was highest all time close. Will this continue ?

If they raise more capital after the £31.6m and the SP is not over £1 per share Bond has to go.

He would have failed to deliver and clearly shown that he has no respect for shareholders. The most important thing is to return shareholder value as it is the shareholders that own the business he should feel privileged to run.

looking at the figures in the resolutions 2 and 3 the monetary values are very specific. Resolution 2 states that essentially the company can propose to allot tranches of shares with a value of £2,219,965 in nominal value to a maximum of 33% of the enlarged share capital. If you remove the £ from the £2,219,965 the number becomes simply 2,219,965. Could they have meant that they wish to have the authority to issue 2,219,965 shares equal to approximately 0.33% of the enlarged share capital ?

Same applies to resolution 3.

· Resolution 2 - an ordinary resolution to provide general authority for the Directors to issue and allot a further £2,219,965.48 in nominal amount of Ordinary Shares from time to time, being an amount equal to approximately 33 per cent. of the Enlarged Issued Share Capital

Jim.

The text I posted was pulled straight out of the RNS.

It clear states on or before 0800 on the 3rd July.

Could we have conflicting information in the RNS

I was wondering of the 2nd and 3rd resolution which states £2. Something million up to 33% should have read 2. Something million shares up to 0.33 % of the enlarged share capital. With the same for the 3rd resolution.