Member Info for Bondy123

I think de Nora have got what they needed : the right to use AFC’s chemistry and tech In their electrolysis products. Afc have their finalised electrodes to use in fuel cell applications. Would be a simple deal and would explain why Afc don’t have their own electrolyser and why de Nora helped develop AFC’s electrodes for free.

Im totally speculating here, but it makes sense to me.

Garonne, can I plead that you give it a couple of weeks until the update, for you to take a view at that point - then post what you want?

If not anything else, it's depressing reading your posts all day every day. We get it : Bond has said stuff and then failed to deliver on it and has form for it. I don't disagree with you here.

I can only think you are still invested as something in you has decided to give him / the company the benefit of the doubt, otherwise you would have cut your losses and gone. Plenty of us with the same view, but are 'hopeful' of a positive update soon. Just give us a short break from the regular negativity please and let's see at the next major update.

The consensus here is that we are looking for updates to the two deliveries, Keltbray and Acciona - anything else is a bonus. Positive mental energy. GL.

DW, this is a lie. He did not say order book. It was qualified leads. Major difference.

Thanks for sharing the link cheekyboy. 22nd is around the time we expect the update and 2 days before the GM, could be a good time to release news.

Jhonboy, how can you say that is 'spot on', when it is so clearly manipulative? It is equally wrong to manipulate people whilst trying to ramp as it is to deramp.

How can you allow someone to speculate others are here to push the price down, 'rinse and repeat' - it's absolute baseless garbage - as much garbage as people who blatantly de-ramp the stock. Perhaps there are one or two that do it obviously (number, Ade, perhaps Daz) but I don't think you can put these two in that bucket. They are just inconvenient to Haggis, and annoying, but we need to get a bit real here.

The stock is down because the market has decided that this company, which is earning sub £5m per annum, is worth c.£200m (40 x revenue), and not £400 - £500m. The market has decided this because there are huge issues and risk out there in the world and local economy. The threat of recessions, inflation going out of control, etc. To that extent, Haggis is right, the share price is showing support, because we are lucky the market is not deciding this should be worth 10X revenue or 20X revenue (yet), and we hope it doesn't decide that later either - 10x and 20x are still massive multiples. All types of financial assets are taking a hammering, and it could get even worse going in to the second half of the year. This is the reality of the situation and the risks we are taking holding ANY stock today, especially those on AIM. Trying to make people think that people are trying to talk down the SP deliberately is delberately misleading, for Haggis's personal agenda.

The clear hope here, and I know I speak for Garonne, DW, and people on the other, more positive side, is that AFC can demonstrate progression against their stated goals. To do that, they have to achieve and communicate their achievements. Unfortunately, reporting back on stated goals has been somewhat of a weakness for this company, so people are rightly anxious and disgruntled. This doesn't mean they have to sell though, and it doesn't mean they don't want the SP to rise. The company must also be given room to achieve. There's equally no need to moan when we know what is expected in the near term, and an update is imminent. If you want to see something specific in the update, I encourage people write to the company. The more people that do this, arguably, the more compelled they will be to update us on common themes.

Alt, it was posted by Justaguess on the 8th of April

https://www.lse.co.uk/ShareChat.asp?ShareTicker=AFC&share=Afc-Energy&page=37

"Managed to get to the Agm yesterday and was pleasantly surprised by the slick presentation by Adam and the other directors, all very positive but they would say that wouldn’t they, l think the chairman mentioned at the beginning that there were 10 retail investors present so not that many, but you can see that the company is doing a great job and it’s all coming together, the power tower luck very impressive and l think will do very well, in the photos at the factory you can see a couple of units ready to be assembled so they obviously have customers and with another 2 staff taken on this week so 87 in total with an estimated 150 in the near term, the new website was ready but Adam wasn’t happy with it so some minor adjustments to make would of been ready for the agm except for that.all good and a great future lies ahead."

Alt, I do also actually remember someone posting this about the website. That there were a few tweaks to be made to it, AB wasn’t happy with the initial draft..

So not unreasonable to expect an update on it at the next major update, would you agree, alt?

Thanks Alt

So you don’t expect deployment at acciona before the end of this month, alt?? This is the first time I’m hearing of this, unless I’ve missed it somewhere??

I’d still love to know what our trade off with De Nora was.

Also - I would separate the company and the Ceo, as the ceo can be changed. Not saying that is what should happen, but it does and sometimes to a positive effect.

I’m with you on the persistence and volume of posts.

On investing somewhere where all things are ideal, I’m not sure that exists on aim. With Afc we are invested in a high risk, high reward stock for which there is a delicate balance between us all absolutely smashing it, or the company going bust before it is able to take off, hence the polarised and passionate discussion here. I can’t speak for Garonne but I have enough hope here that it will be the former in order to remain invested myself.

AIM, it is possible to think that Afc have a good underlying product, and enough money in the bank to make a success of it (and be invested for those reasons) and also question the ability of the current ceo to deliver. I can empathise with that view because I’ve been invested since way before AB, mainly due to the underlying technology and prospect of a breadth of applications. Still here due to the same reasons but cautious of the CEO due to his prolific tendency to mislead investors. He has to be held to account for his words and for delivery.

Don’t get me wrong, I can’t wait for the day that I can call him the messiah, but he does need to work on building trust and delivery. It’s not just Garonne that feels this way but plenty of others. Garonne is vocal and persistent with it, but the way I see it the thing he complains about is a persistent issue.

We all want it to change and for the share price to increase. The way I see it we have a marketable product (when finished?) and the promise to be a world leader. We need final product delivery, (any product) and confirmation there is a business here (sales) and the ability to deliver (manufacturing process) preferably within the next year or so if we are to maintain the current market cap. If this is still plodding along as an R&D organisation, not really delivering final product, not really getting a critical mass of sales, and getting to a point where the end of the £50m is in sight, do you think the mcap will be where it is today?

I’m not excusing garonnes persistence, but I do understand where his frustration comes from as the points are legitimate, even if the delivery is annoying.

… says the biggest con man on here….

Might be a bit early for them to confirm the last, but I guess we agree that acciona and keltbray deployment is the minimum we’re looking for - those two elements I do not think are too much to ask.

Garonne, what are your expectations?

Aside from a recap of the news in 2h, what I’m looking for is update on delivery to acciona and keltbray which is due end of month.

Aside from that, the ‘nice to haves’;

I. Update on alkamem
2. Commercial pipeline update
3. Altaaqa update
4. Any update on manufacturing facility
5. Hiring update, particularly the shape of the hiring

What are you expecting?

Nice to see a small rise today. My view is that the probability of news / update is pretty high in the next couple of weeks, so perhaps anticipation of this could help support / lift the price. This assumption is only based on the fact that there was an update on the 23rd last year, but I feel there has been a fairly significant period of silence and clearly most of us here would benefit from a robust update. Here’s to hoping.

Not a bad shout Mucksy!

If it is a £400k total, I don’t have any issues with that. Get who you need, to get it where it needs to be. We have the money, currently. Perhaps hiring a NED is actually cheaper than drafting in a consultancy and from that perspective it’s good value. Also nothing to say the next NED will take the full amount from £150k to £400k. Still maintain I want more from the company, but I’ll be waiting another few weeks to see if there is an update.