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Haggis
An FT article or a Guardian article provides different perspectives, great. Neither you nor I were involved in either research so we dig out information to share so everyone can build perspectives. Maybe you'll get your points across better to people without the put downs.
Tinlode
There was a recent research piece in I think the FT that when the environmental cost (CO2) of mining lithium, producing pure electric cars etc was added up that an electric car needs to travel 120000km BEFORE it becomes 'cleaner' than the full cost of a petrol car. This is mainly because of the amount of batteries required
Adam made it clear on Friday that samples had been sold to customers to test in their own applications. There was a brief additional comment on questionning that new users of AlkaMem may need to adjust tooling/ products to adapt to the membrane so orders from customers would take time. Longevity was not an issue and not for AFC to test for as there were so many applications that even they didn't know of. That is my memory of the discussion....hope it helps
BumbleB...Confirmation Bias the tendency to look only for facts that justify a belief. There is also a desperation to repeat the same facts when challenged, but louder. Trump has this.
There are only 3 prime reasons to get involved on this board
1) LTHs looking for information to help continuously assess their investment and determine the risks
2) Traders/shorters looking to make a profit out of SP momentum/changes
3) Attention seekers looking for validation
Interestingly certain posters, despite being challenged, continue to avoid answering what their motivation is for posting on this board. Only chategory 2's or 3's tend to avoid this question.
Really interesting watching this board. During the trading day all the short-termers come out and ramp/de-ramp, after close all the LTH's appear and talk about the future and the long-term faith in AFC.
Lets put this in perspective 5 days ago the SP was about 9p.....I don't see ANY LTH's worrying
Looking at the detail, it started at about 12c (10p ish) and finished at 22c (18p ish). Looking at trend, after crazy 62c spike, it was still steadily rising. On lower volumes and compared to AIMs rise today it bears comparison and perhaps it suggests maybe more to come tomorrow. I do wonder if something is known?
You are right Bumble about scaling up, but lets be honest AFC now have significant experience of scaling up their technology. This plus being able to use 'cracked' ammonia seems to be one of the more significant steps AFC has made
Its really hard to get why the SP is down so much when you look at what SAE management is acheiving. Summarising this week alone and the following stands out. The mgt bought Uskmouth for for £70m equivalent, they just agreed to sell 25% of it for HALF the amount they bought it for! Thats a great deal in ANYONES book! They've now bought a renewables company for £125m, which generates probably about £10m cash per annum, income enhanced and protected through FiT payments and they'll fund it mostly with infrastructure debt (which tends to have low interest rates) enhancing SAEs balance sheet....I think LTHs have got this one right not the day traders.
People, a massive opportunity was missed yesterday to talk in more detail about the massive technical strides AFC have made with their fuel cell because so many PI's appear to have gone with an agenda to simply complain. I personally don't remember being strong armed by Adam or the board into buying these shares. I research my investments for their products and management and buy/sell based on this and the risk I'm prepared to take; I do NOT buy based on imagined promises. I've seen similar in other company AGM's and its no wonder PI's feel they get no respect from company boards......they often don't deserve it! This is a ground breaking product, with many risks attached, and it may well still not end up being commercially viable. However do you seriously believe that the staff/management are not doing their utmost to make this work? Attacking them for every imagined 'failure', maybe because you've taken on more financial risk than you can bear, is not the way to invest. For those without business, technical or financial experience you lost the opportunity yesterday to listen to answers from questions asked by those who do, because the 'oxygen' got sucked out of the room. I'd suggest those who feel personally aggrieved that the board isn't paying them personal attention sell because you may never be satisfied, I'll certainly be buying more shares if the price drops. The technical advances Adam highlighted were huge and answered many of the concerns I've had over the past couple of years. It's no wonder its taken this amount of time. Developing an engineering product, particularly one with commercial viability, is a grindingly slow process of trial and error. I can now see how close they are. Also the professional management discipline that the new Chairman brings is such a relief. I have no doubts I'll get pilloried for my comments, but maybe this forum can get back to proper discussions, not endless complaints of 'we were promised'.
Atlantis are trying to get the government to look again at support for Meygen/tidal energy after the 'unbalanced' approach they took at the last auction. They are trying to get letters of support sent out by investors, public etc. They have a pro-forma which you can obtain from cameron.smith@atlantisresourcesltd.com. So if you are interested in being involved please contact them and pass this around. Cheers