George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Some things that go around my head:
^ How much H can be stored in the gas network at the maximum of 20% mix?
^ How many units would ITM need to sell to meet this demand?
^ Will consumers use MicroCHP boilers (see CWR) to ingest this gas mix and produce clean electricity?
^ Can H be generated on site for businesses (solar & wind) and consumed as needed via fuel cell?
^ I used to work for a datacentre company, in case the power went off we had huge diesel generators and big tanks of fuel. Could this be replaced by fuel cells and on-site H generation, when storage = 100% switch to H power and run for 'free' until H storage = 50%? Would it be possible to generate more H in 24hrs than is demanded by an average business?
I feel the short term future for ITM is grid injection. This allows them to generate revenue, it removes the chicken and egg we have with H vehicles. It allows them to generate cash which can then be invested in their own refuelling stations - thus producing the egg! Meanwhile they chip away at businesses selling on-site generation.
I absolutely love being invested in this company, you'll hopefully make a few quid while knowing you're funding the future of energy. You're not just running your mouth about a climate 'emergency', you're actually funding a company that is actively doing something about it, a company that has a proper, workable solution.
When people ask me what I'm doing about climate change, what I've done personally.... I say I've put every spare penny I have in to 3 or 4 companies that are going to change the world. "What about you?" I say. "Well, err, I use a re-usable Starbucks cup." ;)
Experience of Edinburgh wasn't great, the battery busses had to be removed as they couldn't make it up the hills! All now have Diesel engines fitted!
H is the only workable solution.
https://www.scotsman.com/read-this/removal-of-lothian-hybrid-bus-fleet-everything-you-need-to-know
I think you're all being a little unfair to yellowf1. I agree with most of what he has said.
I'm invested but am under no illusion as to the risks involved here. We have what sounds like an excellent proposal, but as it stands, is unproven.
If the tech is as good as they say it is, then we could be looking at huge returns. But that's a big If, so big, that I could easily see me lose my investment. Been here before, CFU, IEH. Just don't bet the mortgage on it folks.
My top 5:
1) CWR
2) ITM
3) PPS
4) PHE
5) IKA
Joined you all yesterday @ 1p, the fundamentals of this stock are excellent. Very undervalued IMO.
Hi Hopeabound, thanks for the response.
I was referring to XSG's cash burn. not TRX. An increase is understandable if they're moving to full commercialisation, but that's still a big increase! I'll do some more reading / research on their financial position and then may take the plunge.
CN.
A market cap of 12 million & revenue @ 31/12/2018 of 11 Million?
Why is the market cap so low?
Thanks, they're a new one on me. Look interesting, fundamentals look good too.
That's some serious cash burn, I like the sound of the tech but the fundamentals look too rocky. What are people's thoughts here?
What about the revenue from the rubbish? Wouldn't expect PHE to just take it for free... They'd actually pay you to process it?
Yup those two, also have a look at PHE. Very high risk, but their offering is intriguing. Getting H from waste plastic... Seems like a no brainer... Just comes down to their tech, is it any good? That I don't know.
A nice write-up, https://www.ii.co.uk/analysis-commentary/two-aim-stocks-funds-and-ground-breaking-technology-ii510344 he should also have mentioned PPS, AFC and PHE, but hey... can't win 'em all!
M
Fuel Cells are the future, it's just a question of what slice of the pie Ceres will take. If they're a key player then FTSE 100 is surely possible. If their tech is fringe, then my guess is they'll remain in the smaller indexes.
I don't know enough to say which it is, but with Bosch on-board, it's all looking positive.
I'm just happy to have my cash in a Green, British company that's developing their own technology / Intellectual property.
CN
I was looking at my old trade notes, 0.017 is what I paid.
This was the grim news!: https://www.cerespower.com/investors/regulatory-news/rns-announcement/wkm5ldr
Still makes me shudder reading that now!
It shows as that high because of the split. I do remember 0.017p though... That was a fun day... Taking the decision to tripple my holding and average down... True **** or bust moment.... Wonder how many there were that bought in at that price? (with the split since, 0.017 is actually about 12p today)
it's out: https://www.asx.com.au/asxpdf/20200130/pdf/44dm804rkmqxjr.pdf
Add PHE to your list, they certainly look interesting, be warned, high risk!
Since 2008! Topping up all the way down to 0.017…. keep the faith boys & girls!
The potential in ITM is huge, sure the filling stations, but energy storage at Renewable Energy sites with Grid injection... that's a game changer, massive.
The Market Cap has been concerning me for awhile, so this is good to hear. I've always come to the conclusion though, that if you were to setup a company, from scratch, and start building this technology, taking it to the point you were ready to inject H into the national grid.... 500 million won't be far off!