Member Info for breakofdawn

Todays fall needn't have happened.

ITM don't need to fundraise, and it is impossible for them to do so, as they maxxed their limit with the 10.4% chunk to the Government.

See you in a couple of weeks.

Look at that volume racking up now

In fact it's flitting in and out of being blue.

Ceees by comparision is down only 0.25%

ITM should in my opinion have noted the CWR fundraise, factvwe seem to have been falling in sympathy and clarified that at this time they have more than sufficient cash, i.e their cash guidance , and that in any case they couldn't raise even if they wanted to, as tney have maxxed out this years authority.

Next ladder rung.

So if we have fallen because of that then it is a false narrative.

'Authority to allot new shares.

That the Directors of the Company be and they are hereby generally and unconditionally authorised for the purposesmof Section 551of the Companies Act 2006 (the 2006 Act) to exercise all the powersnof the Company to allot shares or grant rights to subscribe for, or convert any security into, shares in the Company on, and subject to, such terms as the Directors may determine: (a) up to an aggregate nominal amountnof £10,289,516 .... (b) comprising equity securities ( as defined in section 560 of thev2006 Act) up to an aggregate nominal amount of £30, 868,549(....'

I agree they don't need to as they have more than sufficient Cash.

Just showing what I think is the case, in that they have already virtually limited out for this year after issuing £40 m worth to the UK government. So they can't in any case.

Its going so be interesting day if we have fallen in sympathy with any rumours circulating in advance of the Ceres fundraise.

Why?

Because I don't think we are able to raise any further new money, even if we wished this year.

Thats because I think the Directors have used up virtually all that ability, with the £40 million subscription to the UK Government.

What they can issue gets approved at the AGM each year.

Don't take it as godpel for me check for yourself.

'...and just 8 sessions to take us back down again.'

But the news hasn't changed...

There is a 3 fold problem as I see it.

Firstly people are just plucking numbers out the sky and hoping to get others to sell up and wait for it, traders mainly, and hoping that the market makers or funds read the bulletin board and oblige them. Like for instance 140p. Pat yourselves on the back for that one, Yes it got there. But how's about we take another 10p off so you sell what you just bought an hour ago. Rarely does anyone ever call the bottom correctly. Pick your entry price and stick with it. Ladder it, to create an average with good space between levels to insulate.

Secondly and related is that I suspect a part of the volume is traders buying and selling, buying and selling ... trying to catch that elusive bottom. If so you only have yourself to blame really for the continuance, as you are not only losing money, but contributing to others faĺls and encouraging the pattern to continue. It all generates volume.

Thirdly some on here think they are on Instsgram keep getting sucked into to talking to blatant derampers and shorters, subtle or otherwse and to clog the board up with driv el. Did the year or so of Spicy Tuna not teach you anything?

Such is ITM's Cash position and additional £46.5m grant money that it'll see them through comfortably to the very big profits that will flow from the Blockbuster NATO deal, Chronos production line, then there are the existing business wins and 20GigaWatts of business also being tendered for...

Just ask yourself also, where are all the shares are going that are being sold. Who is gobbling them up? Somebody is.

Robert1234.

It didn't just go up on news. It went up for 7 whole weeks on the news. Each time building higher floors and rebounding higher off at least 5 treeshakes. So there are a lot, not just pi's, but institutions, holding substantially and higher including those having to passively buy on the MSCI Index inclusion.

Have to agree, not much to justify this level of retrace

So, its now a whopping 87p off a 217p peak.

Both irrational an remarkable at the same time springs to mind given the shorts were closing fast and recognising the significance of the UK Govt. GB Energy deal and the blockbuster NATO deal.

But such irrationality presents prices many thought were long gone.

Somebody seems very determined to sink this right down.

Probably targeting the 130p stops.

Got a fair bit to go to my next laddered entry.

Bilbo you've done well given an hour ago you were stuck 'on the moors' in a rainstorm and using your hands and fingers to type in the pouring rain.

Glad your home now, all safe, warm and showered.

Which confirms whats in the presentation you highlight.

'As for our grant, confirmation RNS of DESNZ £46.5m grant being assigned to FID expansion plans would be welcome right now.'

Your English seems a little confusing.

The grant was contracted after passing subsidy control scrutiny so it is there to draw on and is assigned solely for Chtonos expansion

Re FID Morgan Stanley in their 170p broker note expect it in June.

NewKOTB when it passed the subdidy control scrutiny it was contracted. It's in the RNS.

Can't stress it enough. Best way to play the volatility. Set your intervals and pick up when it hits your trigger or better.

133p, some 84p under peak. Thank you very much

Reason for the drop: None.

In fact didn't we just a couple of days back just have Cromarty Hydrogen, 15 mW to ITM, and the Protium partnership with sight on a FID and Hydropulse first activity.

Aim to Main, and get us off Aim.

Ceres. Up 2% now.

I think we can understand why companes are quitting Aim in droves.

Its alĺ smaĺl digit market maker codes this morning, meaning mm's

Ceres down only 1.8%

Thanks gorvreplying cureboy.

In my haste I forgot to add into the post the Alpha 50, 50 MegaWatt pricing link. It is one of the best things Dennis has done for shareholders for it lets them price things for themselves Full partbof the post.

'Deal of the decade for ITM with NATO, for 'several hundred' 'up to 50 'MegaWatt' ITM electrolysers. Got to be somewhere in the €5 Billion to £15 Bilĺion range.'

€50 million each.

https://itm-power.com/products/alpha

So how much do we think GS have made and how many shares do we think they have squirelled away in the last week.

Deal of the decade for ITM with NATO, for 'several hundred' 'up to 50 'MegaWatt' ITM electrolysers. Got to be somewhere in the €5 Billion to £15 Bilĺion range.

ITM down about 72p from a 217p peak in just over a week.

Cromarty Hydrogen and the Protium partnership deal overriden also amidst the fall when it has wider significance for ITM and its Hydropulse offshoot.

Wasn't watching today but I sèe a rise back into the 150's at one point and it seemed less frenetic today and the volume seems to have been calming also.

Any guesses ITM'ers?

Who knows on price predictions. It could go up, it could go down.

All I knows is that there was a perfectly good FID relevant RNS last week for Cromarty hydrogen and the wider Protium partnership re their other projects, with FID expected date, and Hydropulse active, and that somebody decided to deduct 20p from the days peak thst day, when it was share price enhancing. Anybody can see that.

Then was it the day after, we had in my view a totally 'crooked' broker note off Goldman Sachs, delivered in a dip, after a 7 week delay waiting for their analyst comment that: saw the UK Govt £86.5 million to ITM RNS and guidance upgraded, A NATO deal worth Multiple BILLIONS, and the share price 3 times hitting 217p, plus the Protium deal. They raise their target to a lauhhable 60p, when 2 others say 170p snd 173p to 212p. Resulting in another 18p fall on the day.

Sorry but not taken in with either of those 2 days, and now 70p down from a recent peak.

It will probably all depend on whether the Market Makers, Goldman Sachs or whoever else dropped the price having their eye on ITM gaining inclusion into the FTSE GEIS Eutope Index at the end of the month which would mean approx another £35million of fund having to passively buy and potentially a lot more in positioning prior and after.

Personally I doubt there will be a bigger deal signed this year by any UK small cap, probably even up to FTSE 250 level.

Ran out os space.

Take it or leave it, your choice.