Member Info for Bananaman2

Thanks for clarification investmentpro. £4 AFC is not impossible and would give them a market cap equal to ITMs current value. I expect ITM to continue it growth as the hydrogen sector and green hydrogen becomes more and more important to the energy transition.

When you look at EQT at £180m you just can't help but think it has plenty of upside from this level regardless of what we have seen already. Pipeline is at least equal to ITM and in the £100s millions. Would be nice to see a £1bn MCap at EQT this year (14.5p SP) given the rest of the market and some with multiple billion valuations yet to see a profit. I bet EQT will be the first to generate a profit if they are successful with delivering the pipeline.

Oh yes Yellow. However much we want it to get there the recent acceleration looks good for the PF on paper but I'm not keen on the rate either. Slow and steady, stealthy even wins the race for me.

Rishi. Its been pretty good but I have been waiting a very long time for the move in the sector. I am not a trader and have always believed that clean energy and green tech would present an opportunity. I never invested in any of the COVID stocks and have not had the best of years because of the lack of diversity. Things started to pick up around July and August but dropped back hard in September. Kept the faith and sat it out. I learnt to diversify a little so moved into ARB at 6p as I like their strategy and growth model. Also holding CGNR since August for the gold exploration. My real investment passion and belief is deeply into this sector and very happy to see it getting out the starting blocks even if my investments are only following ITM and CWR as first movers I'm not concerned as I can see more upside here from this level than anywhere else (AFC similar) in the next 12 - 18 months. Thats a medium term for me as I have 11 years of AFC roller coaster.

Best of luck for 2021

Yes, still very much coiled and consolidation being a healthy part of the process on the way up.

AFC are clearly in discussion with further strategic partners and potentially multi system orders. AB has told us that in the recent RNS' and interviews. He can't say anymore as I expect AFC are in NDAs but will clearly be notifying the market when the time is right. Letting the ABB partnership sink in, Extreme E system delivery and manufacturing partnership work on market sentiment before dropping the next piece is perfect and will keep momentum and excitement going.

If AFC are at £3 per share or £2.1bn by H2 2021 I would expect ITM to be much higher than their current £3bn. Whilst we as shareholders feel that valuation may be fair its likely to be a continued widening of the valuation gap, but that's OK as AFC still has potentially the greatest upside from current levels.

GarryParry. You are right. EQT will need to utilise an EPC for their owned projects. This does not have to be Wood it can be 1 of many EPCs.

DPs background in investment is perfect for EQT to get projects over the line of financial closure. The EPC, who ever that would be, could be different for each project, will accelerate the construction of the plant and ensure the right level of expertise to deliver the project.

It may look like EQT has had a huge rise and perhaps needs to cool off but the price at which it has come from was incredibly undervalued given the long term operational experience of the tech and pipeline of business ahead.

I am still looking at EQT and AFC as having the most potential upside in the sector as other companies keep pulling away in valuation and these are only just starting to work in closing the gap.

Its a very promising looking 2021 and EQT will be certain to select the right partner for each project through successful tender process. From memory it was the tender documentation which is currently being produced for Deeside, so EQT is likely to be moving at pace during 2021 in many areas

Absolutely. Whenever I estimate a potential share price I base it upon MCap. Looking at clean energy sector its easy to see that MCaps are in the billions for companies without profit and in some cases any meaningful revenue. EQT is exceptional as they have a valuable pipeline, a long term proven product, generate clean energy at the same time as dealing with numerous waste issues.

8p or 10p would only be a £700m MCap which is perfectly reasonable given some of the other valuations in the sector. Not to say they are over valued as they are incredibly valuable to the future and the way we will change the way we live, but EQT seem to be ahead of the market in respect of production hours and proven technology. EQT could easily be worth parity to some of the more valuable in the sector (ITM, CWE etc) but let's not get over excited. 2.6p or £180m MCap is nothing in comparison. 10p could be achieved in a flash (£700m MCap) and thats what excited me.

Bluetoff, I agree. Its been the lack of support and direction that has been the failure. A focus on profit from the market. Fortunately I have been involved in the oil and gas sector and seen a small shift over the years towards sustainability and the way businesses invest in projects. It has literally been the last few months (Biden winning the US election kick started) that the market in general has started to wake up to what companies like EQT have to offer. This week, a Brexit agreement has helped with foreign investment in UK stocks. To be fair, as a chartered engineer having previously working internationally, I believe the UK has the most and best to offer in respect to business and engineering on a global platform. The future for EQT is incredibly bright and I am looking forward to 2021 with mass excitement as my 11 year old vision is finally starting to look more like a reality.

This is good. PW is entitled to exercise warrants and sell immediately. His reason was perfectly valid and is a non event in respect to SP direction. If I could but at that price and sell at 29p I would. Its a no brained. Especially having 5 million odd left to exercise.

All I can say is ' What a geezer !'

Spot on. Come on ARB SP, catch up the market.

My god. Aim higher people. Why would this not at least be equal to ITM or CWR current MCap. AFC don't produce uneconomical green hydrogen. They have developed and economical way to use any hydrogen including low grade.

Potential is much bigger for AFC than ITM or CWR so achieving a £2bn MCap next year for me is an absolute essential. This is £3 based on current shares in issue.

CWR are £2.3bn based upon a licencing agreement with Bosch and fuel cell deployment of 200Mw by 2024. AFC are advanced of this and have partnered with ABB who have two feet in the EV charger market.

ITM generate green hydrogen. What use is that other than a store of energy. The real money is in the economical use of the green hydrogen to generate clean power. AFC are the only low cost, high efficiency fuel cell developer.

£3 per share or £2bn MCap in my opinion has to happen in 2021 or there is something wrong with the market.

And AFC still has plenty of legs. I always thought 50p was conservative but lack of partnerships and orders was holding them back. Adam Bond was consistent in his message in the fact partnerships were coming and they did.

Here is a different kettle of fish. We have visibility of the pipeline and still only about £180m MCap. I had an initial target of 5p by end of 2021 because I did not see the change in investment strategy beyond COVID. I have been researching clean energy a green tech for 11 years. September this year was the most frustrated I had been due to the lack of investment in the sector. Now look, a shift change has occurred and institutions are getting behind this sector and rightly so. Its ethical, environmentally friendly, it provides solutions to regulation and governance and it provides better social wellbeing by cleaning the air we breath and reducing waste and landfill.

2021 is going to be the year of clean energy and green tech as the world emerges from COVID and deal with the most prominent and immediate issue of climate change.

Happy new year everyone. Its been a great few weeks and this is just the start.

At 3p EQT still looks undervalued given the market they operate and their pipeline. Just give it time and it will work its way up to 5p and beyond. Its come a long way from 0.5p only a few weeks ago. stagnated for months unloved. Now its becoming visible and on many radars for next years transformational year.

Wood group will be looking for a route to other markets. Heavily involved with oil and gas projects they will be looking for other avenues to utilise and transfer their EPC skills. The strategic collaboration would be a very good opportunity for Wood to do this whilst utilising their market presence to seek out opportunities to deliver gasification projects through their own network of clients.

For EQT it provides the perfect delivery partner and works hand in hand with EQT to leverage their proprietary gasification equipment and planning and development expertise whilst allowing an accelerated build for new plants.

Its a massive win win if it moves forward.

Expecting to be fully operational by February means that some of the S19s will be installed and operational in January. Unfortunately February is a short month but BTC may be higher by then. Next year is looking very attractive for holders

'The new mining hardware is expected to be fully operational by February 2021 and will add approximately 430 petahash to the Company's installed computing power as well as consuming approximately 15 megawatts ("MW") of electricity.'

beachandsurf, I'm not sure if you are invested here or how much work you done on researching EQT but I do know you are a long term AFC holder.

I would advise looking a bit deeper into what EQT can use as feed stock as the potential goes way beyond olive skins and pumice. EQT will start construction on municipal waste plants next year. 20-25Mwe ridding the country of 200k tonnes of waste destined for landfill, picking up between £60-£100/tonne gate fee and selling the energy to a private customer through PPA. EQT are not just the equipment sales but they will be the owner of the site.

They have been working in several areas to identify feedstock for the gasification equipment. This does not have to be niche but niche is good as it could see EQT working with large businesses that produce waste such as that in Moviasla.

For their current value and looking at the pipeline (MOUs etc) and their tender opportunities the upside is staggering. EQT have a head for business and not currently focusing on hydrogen (although this is possible) but focusing on dealing with the waste issue and generating clean revenues and profitability.

Correct duke.

Come on. Apetite is strong. I feel 2021 is going to be a good year. I remember looking towards 2020 from 2015 and thinking by then AFC would have made it. Its been unfortunate this year but in some respects its allowed AFC to carve out some strong partnerships and get their ducks in a row. Now we are in 2020 I am happy to wait until 2021 for a transformational year.

Billfunk, fully understand your frustration. I am feel exactly the same on other areas of my PF. You get some real nuggets popping up not prepared to do the leg work or understand potential. Its going to happen here. It has to, we've moved from low single digits to 32p. Its a good start and thats it. Now for the middle part where £1 is very achievable starting with the OTC listing.

Well, not sure it has taken either ITM or CWR a few years. ITM has been just over a year. Given the drive towards clean energy and EQTs ability to solve a waste to landfill issue as well as generate sustainable energy the current pipeline and potential strategic partnership could easily lead to a £700m MCap next year which taking 1p as a base is a 10 x or taking 0.5p as the base from August a 20 x to 10p SP. I think this could be very possible in 2021

What i noticed having done this review when looking to see what the potential affect would be on AFC, I can say that in most cases the reaction to news likw this is delayed before a gradual rise followed by exponential growth.

EQT have not obviously had the confirmation or acceptance of the tech and market by Wood yet so they are currently at pre news stage, which is exciting.

AFC have received the strategic partnership news with ABB. Initial reaction was slow and the SP rose perhaps 20% over a few days. As word has spread it has risen over 100% since the announcement in less than a month. The is still much upside and the exponential gains have not started where we see perhaps gains of 50% of the initial share price in one day. Initial share price being the price before the news and rise.

ITM and CWR are in this exponential growth stage. SP changes can be significant for people holding from prior to the news that kick started their rise to glory. For example, ITM was 60p ish prior to Linde, a 60p rise today would be approximately 10%.

ITM was 3rd October 2019 for the Linde partnership and CWR was 22nd January 2020 when Bosch increased holding to 18%.

AFC announced a strategic partnership with ABB in early December at a SP of 36p and has since risen to todays close, 5% down on yesterday at 81p approx.

All these companies have risen off the back of partnerships, either investment into the business or strategic partnerships.

Wood will offer the benefit of EPC expertise and accelerate the detailed design, procurement of construction and equipment services and delivery of the projects. Thats what they do. This will eliminate doubt that EQT are not capable of delivery. I assume a strategic partnership or 'collaboration of this nature will add significant
value to EQT but will give Wood access to a new and growing market using the EQT proprietary gasification equipment. Not a one sided collaboration !