Member Info for Bondy123

To say it is lazy is just lazy de-ramping in my view.

Alt, I make you right. Of all posters, you have called this one most accurately, and it’s thanks to the fact you do your research properly, like turn up and ask people real questions that work for the company.

It must suck to wake up every day hating your investments so much that you have to write about it all day. What a miserable existence that must be! Haha

I prefer to stick to investments that excite me, and Afc is most definitely one of those! Glah.

It's actually good that they didn't RNS it. It shows acknowledgement that this isn't the big news that everyone's looking for.

Whatever way you look at it, it is a positive update, Garonne. It shows diversification, something else AFC can talk about to prospective customers, validating the technology.

The construction trials are ongoing. That means, they're still running and are not over, and we will have to wait to find out the final results. As for running out of road, far from it, there is still lots of cash runway the company to finalise testing of PT's and larger units, and get to a point where they can realistically make sales and deliver on them. You will just have to sit on your loss for a bit longer, or sell out. GLAH.

Why would the be obligated to tell you that a contract has ended, Garonne?

Personally, I think it puts a lot more resource in other places, perhaps where we need them more to support scale up. We have plenty of fingers in plenty of pies and Afc can’t do everything. Especially we can’t run things like extreme e at a loss to just market it to the same audience for a third year.

I agree 100% with your post, haggis. It’s time for afc to move on from extreme e.

An alternative explanation is that enowa paid a large sum to exe for their brand to be aligned with clean energy - they don’t actually have much product to provide themselves at the moment so have laid claim to the afc fuel cell so they actually have something to talk about. Im hoping that Afc step in to clarify this all.

How are these facts though? It’s pure speculation. Afc did not mention enowa once in their last post and if there was an agreement it would certainly have been needed to be rns’d.

You’re right - there was a time when I was criticising AB, Garonne, around about end of 2020, I admit that. I felt strongly about what I perceived as overpromising and under-delivering, however, considering progress I have seen since (launch of a more marketable product platform, real life deployments etc) have come round to accepting the following;

1. A much better product platform was launched since.
2. Market feedback required lower size footprint and flex fuel - and we just needed to adapt and improve, which we have!
3. Had the market cap been where it was now it would have been extremely difficult to raise £60m which has supported the company in getting it where it is today, which is in to a realistic position where it’s products will be tried and tested in multiple environments at the same time - a significant step towards sales.
4. AFC has recruited a quality leadership team with the right credentials to get us where we need to.
5. Afc has built partnerships with even stronger, more relevant companies in the markets it wishes to enter.
6. We now have a factory.
7. Changing the ceo at this time would be the absolute worst thing that could happen - this is not a football club, we need continuity to follow through on the great work we’ve seen over the past year or so.

Looking back on my original posts about AB, which were critical of him and along the lines of wanting him to go, I maintain that was genuine, frustrated but emotional posting. In hindsight, I wouldn’t have used as strong language, because I genuinely believe that from a market readiness and partnerships perspective, Afc have never been in a better place, and AB does deserve a good amount of the credit for that.

What I haven’t done, like you, is post multiple times every single day since then (almost 2 years). It’s ok to have a view, it’s ok to change that view, it’s ok to post at any point, but what you’re up to is just weird at this point. Use some of that energy to support AB and the company at this time, that is if you do actually have anything invested in Afc. Personally, I’m excited as ever. Glah.

Why are you still invested Garonne? Isn’t it about time you cut your losses and went? I don’t get it. If you’re so convinced this company is not being run properly and have done for a long time, why do you keep your money in it? How do you know Afc didnt reply? You don’t. So what you’re doing is deliberately trying to create negative sentiment. AFC is doing completely fine at this stage by my watch.

A number of demonstrators out in the field.
Successful trials so far at mace keltbray and acciona.
Successful completion of another extreme e series.
Update due on ABB solid cell - senior ABB folks keep liking Afc posts.
Positive alignment with Enowa / Neom.
Still a lot of cash in the bank.

Things are going well…

Nope, a new CEO is definitely not what we need right now. We need stability, and momentum on the progress we have made with current deployments. MACE deployment not even announced, excited to see what comes of that.

Same with you DW, if there is so much incompetence, why haven't you sold and gone?

So you must be still invested because you believe the share price is more likely to go up rather than down?

Question for you Daz - why have you not sold by now then?

As long term investors, many of us have learned to take the rough with the smooth. There's been rough times in the past, and I'll admit that I have myself called for AB's head in the past - but it is definitety not the time for a change in CEO, quite the opposite, we need to see what we're doing through and get behind and support the company.

At the moment, there is tangible progress. Real systems, operating in real life environments, and as Alt says, more flexible in terms of fuel intake than the competitors. This is what is being proven out in the field. Like it or hate it, we have to let things take their course. It is a course I am happy with, accepting I may not get updates on demand and when I want them and timelines can move. If AFC completely change course again, I will probably be upset - and likely express it, but to me, the methanol PT, and any other PT for that matter, look more or less like complete and finished products, ready to be bought.

Not to mention, we have had real, commercial real-life deployments at an Urban Airport and been at the forefront of a clean energy racing event. As a salesman, I imagine this makes it much easier to persuade people to sign on the dotted line, compared if AFC hadn't done those things. AFC have delivered the methanol system on time, and there's nothing to say there's not progress in other areas such as the ABB cell. I don't imagine AFC would be getting endorsements from leadership at ABB if things were not on track. they would not be paraded by the department of international trade if they didn't have a credible plan.

It's quite simple - if you're not confident in AFC, you can find many other investments that you feel you can support. go away and leave AFC alone to get on with it! However, if you're here, you know that this company has the potential to deliver something special - seeing real units in real deployments at a number of major players gives me the confidence I need for a company at this stage of it's development. Oh, and there's still plenty of cash for the company to take the room and space it needs, for many, many months yet - thanks to none other than AB and team who raised money at the right time, reducing the risk to us LT SH who otherwise would have been facing the risk of dilution at a much lower MC, as today.

Patience. It's happening. It will happen. Come on AFC. GLAH.

Well I bought 25k anyway.

Thanks for that explanation, Boffin.

Haggis - I think you're missing the question. Methanol is CH3OH - the question is what happens to the 'c' in the process?

I agree DW. BTW for ammonia, in my mind, that was scheduled for Q1 next year, so anything this side of the year would be a bonus anyway. This is great for now. Additionally, we know there is a MACE HS2 deployment that's not been announced yet, so there is more positive news potentially to hit in the coming days or weeks. Feels like each announcement will be progressive development of the narrative, which is great for me.

For me, this is massive. Even if there isn't a spike in the SP today, this is a massive advancement in the validity of the product and therefore the company.

One of the biggest questions in my head was how they would transport enough bottled hydrogen around to these off grid chargers. Space / Safety issues, but with Methanol - this concern is eradicated. I think this will be the first of a spate of info coming out over the coming days / weeks. We know there was a photo shoot at HQ last week, so let's see. Good times ahead. Accionna has hundreds of sites btw.

GLAH.

And reply to their messages. All is well. Power Towers at some excellent destinations. A little more patience required, but plenty of cash in the bank to ride out any near term economic storms. In that time, we have trial data and new product deployments to look forward to. Im fine with the silence for now. Thanks.

Yet you're still here, Desertwolfch - they must have something that you like.