RE: James5 Aug 2023 06:17
Great Escala, until you said ‘- That AFC is a risk. But the maximum downside is 14p a share, and the maximum upside is potentially much higher. ’
Actually the maximum downside is 0p but hey ho.
Yes the gov grant is good news, and the speedy jv too, but, £200k revenue after all these years is shocking, revenue has to start ramping up urgently. All we actually have right now are the power towers which are too small and unstable, it’s a start but AFC cannot survive in its current form just delivering power towers. The 50kva system for Acciona should be straight forward and the sooner this can be finished and delivered the better. The ABB system is still not a guarantee as we’ve seen in the past and could go the same way as Julich, very disappointing that we get no updates on where we actually are with the system other than will be ready at year end, comments like that don’t instil confidence. Robin leaving is a bad sign, especially since we also had 2 ex caterpillar sales guys and the Rolec guy also both leave and ex employee reviews of AFC seem to support a problem with management.
Bond has to get the terms of the agreement right with Speedy and has to deliver this time and keep us updated ! If he does this the negativity will die down as the sp goes up.