Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
and consequently, I anticipate that sometime next week, we might wake-up to the surprise of AFC share suspension.!
Has anyone any expectations that any govt will announce anything that will directly benefit AFC.?
Maybe I am too optimistic, it just feels that the silence from AFC has to be explained by something bigger. Maybe it is just a continuation of less than impressive comms, although that doesn’t square with Mr Bond’s statements during this year.
Mr Johnson seems the type happy to steal thunder.!
Thanks Lutra, I didn’t know of that. So clearly a readily available fuel supply to run a system.
Trying to make 2+2=4, could this be a first indication that govt is kick starting H2.? There is really very little else about ExE that the govt can relate to, and so it appears this is acknowledging AFC Energy.? And just maybe a hint of far more to come from Mr Johnson at COP26 re H2.?
The only reason I can guess that the govt is involved might be that the AFC system will be ‘bought’ for the island to remain there.? Otherwise seems very strange.
Looks like multiple H2 containers in the second row.?
And Mr Sunak mentioned Hydrogen Fuel Cells in his first budget in 2019. All that 2019 budget was swamped by covid. This could be the ideal time to start H2FC investing.
Fascinating watching today, and from the closing price it looks likely 60p will be tested next week. Plenty willing to sell over 57, although buys in prominence most of the day. After hours aside, it must be expected some profit taking Friday, and even though still just low volumes, a steady daily 3-5% rise looks like the pattern.
Five trading days to COP26. To meet that at £500mMc is 68p. Expectations are for news flow to begin.
We can only wait and see.
Decent close @56.8, although after the bid reached 57 around 15.15, sells overtook buying. So unlikely to test 60 soon.?
Nice one junior, it might even feasibly be described as a GB / European / Middle East collaboration when you include DeNora’s contribution. That kind of international cooperation is what is required at COP26, and we all know how many pollution issues AFC’s tech can address.
You may be right kev, so why the drop 57 to 53.7p yesterday.? It may have been a reaction to the lack of mention of H2 in the gov’t strategy release, although any confirmed doubts might have taken this lower. And as you say, COP26 still yet to happen and maybe many deals to be struck there. Otherwise it is seeming to gravitate about the £400mMc whatever the buy/sell ratio.
And on that basis, and because non-specific market/sector sentiment dragged this away from a very consistent £500mMc recently, a close at or above 57, testing 60 tomorrow, it might suggest 500 not 400 could be where we welcome COP26, and all it may bring.
Be interesting to see close today, currently @57p=£419mMcap, whether the £400mMcap is the position being bounced off up and down. Volume still low, 2m+, B=S, so no strong market forces driving these erratic shifts. Expecting a small fall back to close @55, virtually on £400mMc, otherwise maybe, just maybe.!
Clearly the recent fall-back was sector driven, during which the volume was still relatively low around 3-5m daily, for a while sells were greater than buys. When the sentiment turned last week the volume was still low, and buys out-weighed sells. Today the Mcap is just shy of £400m. Coincidence, manipulation, or just creating a fair value market to trade stock based mainly on supply and demand.?
Still concerned that Hydrogen doesn’t get mentioned much at the moment leading into COP26. Any quantity of rumours should see this into 70-80’s. Nuclear seems to be the front-runner for future GB power, with more wind and solar. Although time enough still.
Nice one n888, maybe a key factor in the development of the Altaaqua MoU.?
Bid moving up nicely today, and now regularly B>S, although still low volume @1m by 10.30.
Seems to illustrate the uncertainty of AFC’s tech and business model until some clarity appears. Meanwhile, at approximately £340m Mcap, this looks stable on its’ own merits and may have broken out of the sector sentiment that has driven the price fluctuations recently. (IMHO).
Unusually tight spread …bid 45.95.v.46.00 ask.
Good to see volume picking up, B>S, maybe something soon.?,!
Fair enough Hmc, I agree to a point. On paper, so to speak, you are right. And I fully expect this discussion to be irrelevant with good news this year. That said, my point regarding £60m, cash burn, and revenue stream, is that unless this year expectations are met, and I am confident they will, the worst case scenario would be 15-25p SP range by February ‘22 and falling. No chance of further fund raise, and bottom line burning cash to live in never, never land.
I am as confident as you for the near to medium term, maybe we digress somewhat with judgement of urgency in that period. Something must transpire from the many relationships AFC have established to satisfy the market and maintain a growth trajectory.
Should it transpire there are no sales by 12 months to 1/10/22, the SP single digit and cash in bank virtually worthless at square one.
That is not flippant, it is simply wrong.
The funds raised were not to merely continue running the business in the same style of the previous 10yrs, the £60m+ is directly related to investing in all necessary requirements to reach a commercial revenue stream. All the participants in the fund raise understand that. Consequently their expectations are for a revenue stream within a reasonable timescale. First revenue in 2023 is outside of that timescale. 2021 is the timeframe, 2022 is a must.
£60m+ seems a reasonable amount to achieve the target. Missing the target translates £60m to next to nothing. A further ask for cash without a recognized revenue stream in place would be unsuccessful and not an option.
Anticipation and expectation are for a recognized revenue stream this year, or very clear indication of early next year. AFC have the funds, a commercial product delivered to first market is essential. Without that 9yrs 4mths is utterly irrelevant.
That is stretching it a bit too far Hmch. Although I understand you are basing that on historical annual cash-burn, the present and future will be very different. A number of factors: new premises fully fitted out; enlarged employee count; manufacturing deal with BK Gulf, etc. So quite impossible to say how long £60m might last. It was/is essential for progress, very difficult to comprehend the cost of commercialization, that amount should go a long way toward sufficient to creating the planned revenue stream.
a calm before the storm.!
This recent fall has to be viewed in a general market and sector context, two directors buying is always a good sign, just a week into Q4, the ABB launch/conference looming, COP26 on the horizon, and statements all year that the difficult transformation process to commercialisation will reap a good harvest later this year. Either the storm arrives or.?
Scarpa, that did make me laugh.! In boxing parlance there were a nice few jabs, good combinations, and then from nowhere a knock-out punch line.!
Pretty much all signs still OK.