George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
One tiny bit of possible light is that as Speedy are so open on social media we will know exactly when units are delivered to them and hired out, no NDA crap that Speedy hide behind ! So how are AFC going to supply hydrogen to site ? Anyone any wiser ?
If this was a video game, Bond has just given us bashers a powerful weapon to shoot StockChump every time he rears his tiny little head above the parapit. I suspect we won’t hear from him for several weeks now, he’ll be shot down every time. Mr £200k buyer was OBVIOUSLY MR £100k SELLER as Bond CONFIRMED THAT IIs have been told to REDUCE THEIR HOLDING IN AFC, but we knew that too because every time Mr £100k buyer returned the SP WENT DOWN. What a pathetic loser 🤡 aka StockChump.
What a completely disingenuous pair ! Is a fundraiser required in the future ? PDC yes if we want to scale up.
NO ! you already said we won’t break even for several years !!! That’s not scaling up, the current cash burn would continue without scaling up !!!
And PDC catching himself out as well ! If we deliver on the pipeline we’ve got, sorry on the backlog, haha, I mean the orderbook.
Embarrassing or what !
Clearly they’ve had discussions how to spin the orderbook and catching themselves out in what they call it in front of 350 investors, you couldn’t make it up !
One of the brokers estimated break even in 3 years time, Bond said it certainly won’t be in the next year or two, PDC said break even is not the way to look at it as we are constantly adding value. So broker forecast completely at odds with the AFC board - there you have it - and that means the SP forecast also completely inaccurate but we know that anyway
Once you start hiring out generators via Speedy how do you anticipate delivering the hydrogen to site ?
Answer: there’s enough hydrogen supply in the uk to meet demand 🤡. Question not answered !!! He doesn’t know !!!
Currently talking to a number of suppliers about the scaling up manufacturing of the stacks, I don’t want to give the impression that it will be this year or next but it’s certainly…
I can see the reason for the big drop today now…
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 !