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So after attending today and having had time to reflect I still remain positive but feel that timelines are likely to be extended. The cracker technology appears great and can be a fantastic solution for many industries energy needs but that depends on how long before places like Neom come on line producing cheap ammonia ( or North America)
A few of the things that I am most pleased to hear about regarded the layout of production facilities at Dunsford, this will help iron out production issues and will provide a blueprint for the future mass manufacturing by an external company.
My other big takeaways from today are:
1) How severely constrained the electricity grid is, companies requiring 5mw or more are signing contracts for connections years in the future
2) A major tier 1 construction company failed to win a government contract worth £100 million despite having the lowest cost bid. The reason they were unsuccessful was because they had no plans in place for decarbonisation. Recently they sent a large delegation to visit AFC.
3) clearer explanation of the £27 million pipeline/orders/ potential orders.
Good luck to all holders
Another positive Rns, S cell fuel costs 16% lower than last year power tower. Congratulations and please keep the good news flowing at AFC.
When afc announce further sales to Tamgo and acconia and orders firm up does anyone on this board seriously believe that raising finance for mass production of technology products that are desperately needed to combat climate change will be a problem.
I remember all too well when ITM attracted a huge investment from Linde, the share price rose dramatically over the next year. Whilst their share value has dropped back significantly they are still in a strong position to benefit from orders when the hydrogen economy takes off.
I think it’s safe to assume that afc will be at the forefront of decarbonisation of construction sites as well as earning significant profits from their new cracker division.
The sad fact is that the negative doomsayers on this board can’t let go of their misery. Why continue holding a share that they are constantly predicting to be headed for disaster?
Five posts from Ade before 9am , all of them the usual nonsense, next week/month/ year this will be worth nothing.
Simple question Ade, why such interest in a share you don’t own?
And if you do own shares here why do you continue to hold when you are so certain you will be able to purchase them cheaper in the future?
I think it’s pretty obvious that you’re either being paid by shorters or have a mental health issue. Either way you’re a sad case
Garonne, if you are so convinced that this is heading towards bankruptcy and Afc are a Mickey Mouse outfit I cannot understand why you haven’t sold out. The only explanation I can think of is that you are either a masochist or a shorter.
I assume you believe all the various leading construction companies have been merely greenwashing. That the various national councils that Afc are members of allow any Tom, dick or harry to join. That Japanese delegations are tourists in disguise. That the government hands out grants without any pathway to success.
In future try to show some balance. Almost all hydrogen companies are way below their share price peaks. CWR , ITM, PPS are just a few that come to mind
If GingerT is correct we only have two more weeks to put up with ade. At my age I don’t like wishing my life away so for the next two weeks I’m going to avoid this board as much as possible, enjoy life and return when we have good news and a much higher share price.
Nice to see the government recognising the potential of ammonia cracking technology. It may be a relatively small grant especially in light of the government handling Tata steel half a billion, however tata are being forced to close their carbon polluting furnaces and that is an important indicator of the direction of travel we are going.
Big decisions are being taken regarding the phasing out of fossil fuels. Many countries, including our own are looking at hydrogen as an important alternative.
I’m sure that Afc will be a part of the solution, how big a part remains to be seen but with every passing day our success looks more likely and hence the increasing desperation of the shorters on this board.
Not long now
I thought that the extension decision was expected by the end of January. Any chance that our well paid BOD’s might find some time to inform investors about what is happening. They have spent years talking up Ireland and how it will be a company changer. Surely they will not just let it wither. If the Irish government does not extend the licence will Europa take legal action?
Will Ade close his short this week or will we have to endure his gloom ridden posts until the end of January. Whilst it would be nice to hear from ABB sooner rather than later I’m not expecting validation until around March time. However, news of acconia delivery or Tamgo could drop anytime. Either could lead to a positive rerate and must be extremely worrying for the likes of Ade.
So far we have won 3’000 out of 300’000 . That’s 1% already. It’s very early days yet and it’s quite possible that further contracts will be announced before Easter. We have to walk before we can run and I remain confident that we have a good runner in SEE. My confidence is underpinned by the large number of director buys last year, particularly by the CFO.
Apologies, keyboard error
I have just read over the last few days posts, another-15 minutes wasted and I really should have known better as it’s the holiday season and obviously many posters have been on the bottle.
Next week is when business fully reopens. We should be seeing power towers being leased by speedy hire by the end of January. As stock has indicated lots of news in the pipeline. Tamgo and ABB are just for starters, we may also get a curveball announcement.
Any decent sales contract will see this easily surpass 30p. The question is will shorters such as Ade hold or fold.
Dear oh dear, I detect a note of desperation in your post. What has been achieved is the laying down of solid foundations. We rarely get to see them but they are crucial to building a successful future. Partnerships have been developed, product ranges increased. Early sales underway. Global appetite for hydrogen is increasing. Construction and maritime sectors looking to decarbonise . Right products, right time, right place. Once we meet right price ( which we are heading towards with cost reductions expected) then we are ready for take off.
Time for the shorters to close and run for cover. This company is proving too strong for them to manipulate.
It’s time to wind down and enjoy the festivities. Also time to give thanks for what we have rather than what we haven’t got. Remember that if you have food, shelter, access to clean water/ sanitation and education you are already in the richest 25% of the world’s population. Add in the bonus of good health ( if it applies ) and we should all be pretty happy.
Of course as investors we want to see a return on our money but that’s the icing on the cake. I remain optimistic about this stock and will return to hopefully good news in the new year.
All the best and enjoy the break
I think my greatest fear over the next few months is not whether the share price rises or falls by a couple of pence daily, it is the fear that we get taken over at a bargain price.
Many people on this forum have held through thick and thin in the belief that we have an amazing technology that will not only help decarbonise our planet but also be a globally profitable company.
Despite the return of negative vibes from our resident derampers it is clear that AFC are about to become commercially successful. If the products in development produce the expected results then a huge number of markets open up to AFC from maritime to back up power. A takeover at £1 a share might be attractive to some given today’s price and is easily affordable for a large number of oil companies looking to diversify.
With luck the new brokers will bring in new institutional investors to help grow the company sufficiently over the next few years so that we can achieve that figure of £7 that Adam talked about all those years ago
Happy days are almost here
Now below 1p. The BOD must be revelling in their success. I wouldn’t be surprised if they finally started purchasing at this price as surely even they couldn’t drive the share price any lower ( unless they plan another rights issue).
If that’s the best that theBOD can come up with then it’s not much of a defence for them. I voted against motions 3 to 6 at the agm through Halifax share dealing account. Surely good governance would require all nominees accounts to be treated in the same manner. I hope EOG’s lawyers have acted in good faith, they must know that the owners of the company are the shareholders and not the board of directors. Hopefully this is just a procedural delay.
You have to admire the absolute gall of this board of directors. The classic line from today’s RNs has to be ‘balanced against due and proper process and the prudent use of shareholder resources’.
If only they were so concerned about the prudent use of shareholders resources when they rolled the dice on serenity or when they diluted by raising capital for such a risky venture or when the poor souls decided that they should increase their salaries as another operator was successfully managing their 30% interest in Wressle production.
Daz, try not to get too hung up on relative valuations of different companies. AFC are in a huge growth area.
In 1712 Newcomen developed the first steam engine, it was expensive and inefficient and had limited uses mostly in the coal mines. Years later rotary motion and a separate condenser was added and the market for steam engines hugely increased. The Industrial Revolution and the railway age followed. The changes did not take place overnight but once started there was no stopping them. Fortunes were made and lost.
Now maybe I’m a dreamer but just imagine that everything that afc are working on comes together in the next few years. That fuel cells become the go to power source on construction sites worldwide. That Hydrogen is the back up power source for data centres and hospitals etc. Remote communities have off grid power.
Afc might or might not succeed but climate change needs to be addressed and I’m happy to risk investing my hard earned in such a future.
I have just returned home from today’s AGM. Although two directors have resigned and some see this as progress it was made clear that the directors will be replaced, therefore no overall savings.
The year was described as being a successful one, clearly they do not define success as increasing shareholder value.
Will Holland talked through the same presentation as has been seen previously. Much was said about Cloughton, however, this lies under a national park and the only available pads would be on the duchy of Lancaster land. Duchy of Lancaster, controlled by King Charles, who is the well-known environmentalist And therefore I think it’s highly unlikely, he would give permission for such drilling to take place. There are some plans for further drilling at Wressle but I got no great sense of urgency.
Ireland remains the great hope but is still politically challenging and most majors will not touch it given the uncertainty.
Twenty eight possible projects have been explored, they have bid on four of them ( I presume Serenity was one of them).
They have also bid on the North Sea in the current round but they will not hear until the round is completed. I didn’t get the sense that they are about to pull a rabbit out of the hat.