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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.

Good news this morning. The construction companies that have previously trialled these units will now hopefully start using them in increasing numbers on their prestigious projects. Once project managers get use to hiring these units we should see a wider adoption. This will be a gradual process but one that will increasingly accelerate with time.

The next big step will be the signing of a similar agreement with Tamgo to supply the lease market of MENA. I would expect the initial order from them to be much larger. Then Europe and possibly North America although I may be getting carried away with such speculation.

We still have the ABB unit to be delivered, if that is followed up with further orders then we will surely achieve the success that we have all waited so patiently for.

I cast my votes today, also against motions 3 to 6. Not sure that we’ll get rid of them but at least they’ll know that they have a fight on their hands.

I really wonder what these guys do all day long to earn such a generous salary. They will hint that there’s lots going on behind the scenes but in reality they have failed to deliver for the shareholders and that surely is the most important performance indicator.

A disappointing day today which has given great encouragement to the shorters. However I remain optimistic as it’s clear that we are in a climate emergency and current levels of carbon emissions are not sustainable. Increasingly we are witnessing extreme weather events. Insurance premiums will be going up and whilst the government may have pushed back the date of banning new ice sales it has not abandoned its policy. The department for net zero will have to explain sooner rather than later how it’s going to be achieved. Current levels of carbon emissions are not sustainable. In 20 years time there will be massive changes to the way we power homes, industry and transport

. Change doesn’t happen overnight, steam trains were still being built as late as 1948 in this country and were only made redundant in India a decade or so ago. So historically there has been considerable overlap between the adoption of new technologies and the use of older ones. In the next 20 years that may not be the case as climate change disasters provide a catalyst to adopt new technologies.

The tipping point is fast approaching, hydrogen may well require some government subsidies to kick start the industry but economies of scale will soon happen. The carbon industries will do their best to delay the process but like King Canute they will not be able to turn the tide.

Here’s hoping for some positive news over the next few months so we can finally rid this board of all the parasites/ derampers. Afc have made great strides in the last few years and linked with some amazing companies. These collaborations should bear fruit soon.

I don’t expect them to get an offer at 5x the current price but I do expect to see a steady rise over the next year as KPI’s are reached and further contracts confirmed. By mid 2024 there will be less smoke and mirrors and a much clearer indication of earnings/ profits. It is at this stage that things will get interesting. It is then that we could get a bidding war

I think it would take a lot more than 10 p for a takeover bid to succeed. This was 12 p not that long ago. Every day is a day closer to profit and the directors clearly know it. Happy to wait until 2025/6 unless of course an offer arrives at 25 p before then.

Paul’s email arrived in my junk folder. Suggest that you check in there