Member Info for Bondy123

I.e - that's how we achieved the 85% cost reduction..

We've moved from 12 [roprietery stacks to one 'off the shelf' stack - Significant. This means that after all that time, our own proprietary fuel cell stacks couldn't stack up and now we're using a third party stack. Is that how you guys interpreted that? If not, keen to hear your thoughts.

Or it’s a signal that retail investors have had enough of the promises and don’t want to risk throwing more good money after bad. The year of delivery?…

I think it's clear where we sit with Nifty Lift - it did not seem like the new management's priority. They've stated clearly where they lie, and as it relates to fuel cells its Speedy, and that's it. We can't afford to do everything at once, and I'm ok with that.

Can anyone remember whether they make the recordings available post presentation?

This money takes us in to mid 2026 - by that time we will be able to see if they have actually reduced the cost of fuel cells by 85% and also where these crackers are going. I honestly hope it’s enough to put afc on the shop shelf to someone who can fulfil the manufacturing..

1. Annoyed that I was not able to participate in the fundraise - I have been invested for 13 years + and always had and took the opportunity in the past.

2. Accepted the fact that the company would have needed money sooner or later - considering I am looking for £250-£500m MCap minimum before considering offloading anything - will take the fact that they now have another year's cash runway for -20% this year. Shocked, however, at the speed at which the money ran out - and also at the £3m write off.

3. Disappointed it was not at a higher level - but happy the SP has held over the placing price.

4. Optimistic about finding out the name and associated projects related to S&P 500 partner. Believe the partner is confidential due to AFC wanting to keep it 'quiet' to get the fundraise away. Therefore I believe we will find out who it is in due course.

5. Unsure where the funding will come from after this year - and want to understand where management see shareholder value to come from.

6. Interested to see if any significant shareholders have come on board / increased their shareholding. Also interested to see who took what from the management team.

Placing complete.

Who else suspects the artists name was kept consfodential to get this placing away?

It’s not a certainty, but let’s see.

It’s possible we get an RNS first thing in the morning that says the fundraising has been completed.

He seems to be in hiding lol

I expect there to be strong support at £100m Market cap - rising to about £250m should rock solid partners and validation of technology be announced.

Will be interesting to see if they have a solid announcement to follow up with - afterall £500k is a substantial amount amongst directors.

Why choose a platform that can only facilitate participation through a handful of brokers!? This is pretty unfair to LTH's using other platforms.

For what it's worth - I'm fine for the company to raise £20m. I'm actually also fine with not throwing any more good money after bad. My hopes and expectations for this share is for it to hit multiples of where it is now, so -20% for in return for financial runway with new management and stratgey is fine.

With that said - we should taper our expectations ;

"· Commercially, the business is focused on:

o Orderbook development for the Hy-5;

o Selling hydrogen from the pilot cracker (up to 400 kg per day) from an ICL site; and

o Supporting Speedy Hire's generator deployments to drive future generator orders."

None of the above looks like volume to me, so the news they are going to have to generate will need to be sufficient to get people excited...

Further, I should add that I like how the JV models are almost identical on the Fuel Cell and Cracker side. End to end - Production to Generation, ready-made products with established manufacturing and distribution channels and market-leading partners. My bet is that the new management are not messing around and will look for their exit in the next couple of years.

This is another great step forward. No more questions on how we will source Ammonia, handle logistics and obtain customers for hydrogen pretty much from the off. AFC are embedding themselves as a key component in the hydrogen economy - most importantly at a cost competitive price to alternative technologies and due to the portability of the units, with a lot less hassle. The fact that AFC can compete on regular 'grey' hydrogen immediately is compelling, by the time the green hydrogen comes on board this company will be in a very different place in terms of valuation.

Since the production of hydrogen itself does not rely on government subsidies, the government should find a way to support AFC's scale up. No doubt with the relationships we have that have reduced the cost of manufacturing the cost of the fuel cell, the cracker will also be able to hit the production lines sooner. Having units in the field working in 2026 will be great evidence for a major industrial company (perhaps an S&P 500 company) to look at AFC and say 'i'll buy that' . Obviously, 'delivery' is still the name of the game between now and then, but if you have a proven technology in this space, surely you'd sell it for £1-£2bn?

More acompetitor for itm, no?

One is facts, the other is fiction.

Interesting thay Zeus believe we will find out who the partner is quite soon - I wonder if this is going to be around some sort f project / partnership announcement.

I did say this the other day.....