Member Info for Daz9643

from 2 separate RNS's we had -

£4 million Convertible Bond Facility
The Company can draw down up to a maximum amount of £500,000 in any 60 day period. The maturity date of the Convertible Loan Notes is 42 months from the date of the Instrument.

Subscription Raising £1.1m and Grant of Warrants
AFC Energy the leading alkaline fuel cell power company, is pleased to announce that it has raised £1.066 million before expenses by way of subscription for 22,214,584 ordinary shares

Have we drawn down £1m rather than the £500k maximum, or are these 2 separate instruments ?

And we were told there is demand for the flow plates in their own right so we will have another revenue stream in just a few weeks

Hi Bumble, I work for a major international company with offices all over the world, all marketing material has to be approved by the US head office before release, so everyone uses the same logos, fonts, images etc do that a unified coherent messages are sent out. AFC should be driving the marketing themselves not sitting back and letting others do it for them, the wording may not quite be correct, indeed, just yesterday we have already seen a good example, Rolex rep saying ev charger will be ready in a few months, AFC saying by Q4, it’s this incoherent information that they need to control because it makes them look like they don’t know what they’re doing and they lose trust.
The RNS today is a massive step forwards and I believe will now pave the way for a string of similar RNS’s, but again, remember the initial announcement confirming AP as manufacturing partner, it was vague, made no sense to anyone and has now been confirmed as completely misleading.

Manufacturing agreement signed with Advanced plastics. Finally confirmed !

We now know that for the first time in 12 years of development we will finally have a finished product for sale in the market that customers can purchase by the end of this year. The latest RNS cannot be any clearer. The enquires are mounting up, we have the right product at the right price, we’ve paid consultants to research our marketplace and tell us what we should focus on, so let’s all look forward to lots of orders and revenue before the end of this year !

Here's one for starters - RNS dated 8th Jan 2018 - Technology Progression -

In December 2017, De Nora and AFC Energy commenced work on a programme of activities that will further enhance the electrode performance to a point where the objective is to achieve a cathode and anode pairing capable of operating for a period of up to four years.

Adam Bond, AFC Energy's Chief Executive Officer, said: "I am delighted to confirm that, following a period of rapid progress, we have through deliberate design changes successfully validated the revised basis for the Company's commercial fuel cell system whilst also, in collaboration with De Nora, achieving massive strides forward in electrode performance. This enhanced fuel cell system upgrade builds on the work of many individuals closely collaborating with our technology partners and is expected to provide the cornerstone of a commercial fuel cell system that is now capable of achieving the Company's PLACE metrics. Completion of this work within a three-year window was always going to be challenging, however, we are today seeing the fruits of our labour as we progress into a very exciting 2018."

Is anyone else seeing the fruits of their labour because i'm not, maybe Thalion and Adams high net worth friends are....

Did we have a very exciting 2018 ?
How about 2019 ?

The reason we are under 5p again is because we were noyl around 5.5p yesterday and today 22m extra shares hit the market, the price was only ever going to go one way. And remember, we'll have this every 2 months now to pay Adam Bonds salary.

Nearly a year ago now, we were given -

Outlook

The technology and commercial progression achieved by AFC Energy sets a solid platform for the remainder of this calendar year. In brief, through the course of 2018, we expect to:

finalise the scope and scale of AFC Energy's fuel cell technology package to Southern Oil in Australia - NOT DONE
confirm a decision on the final scope and scale of the Company's fuel cell deployment programme at Dunsfold Park - NOT DONE

release details of one or more hydrogen technology licenses with third party technology companies with the prospect of one or more projects to demonstrate the integrated technology platform - ROLEC PERHAPS ALTHOUGH NOT SURE THIS IS WHAT THEY WERE REFERRING TO

execute a mass manufacturing agreement with De Nora ready for commercial deployment - NOT DONE

make strides towards a four year operability of the electrodes with De Nora I DON'T KNOW BUT I'M GUESSING, NOT DONE !

continued progression towards further commercial fuel cell deployment opportunities and partners in support of this ambition across key target markets. WITH NO TIMELINES MEANS NOTHING

Oh yes, and they've had to change the working, developed over the last 10 years, to over the last 12 years.

Very Important ! So we are now back to NOT BEING COMMERCIAL FFS!!!!

AFC Energy plc is commercialising a scalable alkaline fuel cell system, to provide clean electricity for on and off grid applications. The state-of-the-art technology, pioneered over the past twelve years in the UK, is designed to address key target markets in electric vehicle charging, stationary off grid diesel generation displacement, energy storage and across large petrochemical facilities where by-product hydrogen is surplus to requirements.

Very important ! So we are now back to

Just got back from an outdoor cinema run by adventure cinema who operate all over the country, the air screen is inflated using a generator and the noise drowned out all the quiet parts of the film. Please, someone from AFC make contact with them and offer them a quiet fuel cell alternative.

interesting that previously we had multiple buys and the price was dropping, now we have multiple sells and the price is rising

Home page, share price information, currently 4.45p, oh wait a minute not real time, price at 22nd May. So Carr Kamasa who needed pointing out to them that they didn't know how to spell what they do 'developement' can't even provide a live stream to the website for share price information.

If the 800k raise needs to be added to this figure, even still by end of June cash position will be £1m, i.e 2 months of trading

Notes, from the RNS 12th April -

Proceeds from the issuance of Convertible Loan Notes will supplement the Company's cash position, which as of 31 March 2019 was £1.4 million, and will enable AFC Energy to continue its product development and commercialisation strategy.

Unfortunately another round of dilution must be coming any time

And you’ve been invested for how many minutes ? When you’ve been here 7 plus years and seen little progress and little sign of revenue and the BOD taking huge salaries, being too to be patient is a bit of a smack in the face

ANNOUNCEMENT: The Australian chapter of the Ammonia Energy Association (AEA Australia) has announced details of its inaugural conference, which will take place on August 22 and 23, 2019, at the CSIRO campus in Clayton, Victoria.

Entitled “Ammonia = Hydrogen 2.0,” the conference will focus on the role of ammonia within the Australian hydrogen economy, specifically “Building an energy export industry using Green Ammonia.” In addition to a full program of talks by invited speakers from industry, government and research sectors, networking events will include panel discussions, a poster session, and the conference dinner. Registration for the event is now open, with an early booking discount available until July 5.

The opening address will be given by the Honourable Lily D’Ambrosio, Victorian Minister for Energy, Environment and Climate Change, and Minister for Solar Homes. The plenary speaker will be Shigeru Muraki, Representative Director at the Green Ammonia Consortium and Executive Advisor at Tokyo Gas, who will speak about “the aspirations of Japan, as one of Australia’s largest energy customers, to import carbon-free ammonia into their energy market.”

Does this mean Southern Oil will get far more revenue from exporting hydrogen to Japan than using it themselves to lower their electricity bill ?

Unfortunately what is having an effect on the AFC share price is that we have been commercial for several months now but still no orders (apart from Southern) and the one order we do have still no updates