Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Wow just wow, so my first question was the first one addressed, namely that uncommitted orders is orders that haven’t been placed yet, Bond citing Speedy as an example where they have a placed a £2m order and intend to increase to £4.7m ! I’m not sure how much more dishonest you can get than that. So the orderbook contains actual orders and orders they are hoping to get. I hope they have weighted the expected orders by % chance of being received rather than at the full price.
Of course it is ! Bond needs a massive carrot for the next fundraiser ! He’s not going to get any investment on the current performance so make up a fictitious talk with industry about a product that doesn’t exist yet.
Can you imagine how the chat went ?
Bond: we’re working on a world leading ammonia cracker the size of a washing machine that’s way more efficient than anything currently available, how much do you think it’s worth ?
At least now we have confirmed which is what I said, that Robin Koeken left because he didn’t have anything to sell. So why take him on in the first place ? Bond still making it up as he goes.
They believe the SP is undervalued, now why could that possibly be ?
Years of telling us we’re on the cusp ?
Telling us Alkamem is the holy grail ?
Years ago telling us we’re on the glidepath to sales, we’re accelerating towards sales, we’ve got the right products at the right time at the right price ?
We’re targetting the Chlor Alkali market where there’s free hydrogen that just gets vented ?
Were making huge strides
Partnered with BK Gulf to containerise the fuel cell
Lots of previous products announced with great fanfare and now dropped.
And after years of failure and burning through £60m of cash we’ve got £200k of revenue.
I think that’s why we’re undervalued
Just catching up, reading the comments it seems none of my questions were answered just like previous years, no surprises there then. As Anneowl said, £27m orderbook but not going to be delivered for at least 3 years, pathetic given every fundraiser for the last few years has been for scale up
Have Zeus got a screw loose and StockChump for posting this and thinking it made sense ?
"Despite heavy investment, the cash position at £24.7m was SLIGHTLY BETTER than our estimate for £26.9m,
Wow just Wow, so AFCs annual report states -
2023 strategy focussed on market penetration with key agreements signed to expand distribution channels for the fuel cell division, resulting in a £27m orderbook[1] for 30kW S Series H-Power Generators and ancillary equipment
[1] As at the date of publication, comprising committed and uncommitted elements within existing contracts.
While Liberium have stated £27m orderbook, incredible !
Bondy, we were told not long ago that we would deliver to ABB by end of 2023, Chump even stated he believed it was already in Germany, we now find out they have only just received the fuel cell stacks, are you not slightly concerned ?
Anyone loading up ? Hoovering up all the cheap stock ? Helikon losing their pants ? Doesn’t look like it. Chump called it wrong again for the gazillionth time. Whereas I said weeks ago this would fall when the financials were released because there is no revenue.
Not FAKE NEWS, REAL NEWS.
Jimmy, you do realise the power tower is meant to be a commercial product but they haven’t been able to sell any because they can only power 3 kettles at once ? They wasted millions on a product without actually asking industry what they wanted.