Member Info for Daz9643

Silures, I think you’re being over optimistic, that’ll be a cash flow out not cash flowing in !

Southern aren’t a partner, they are a customer. Maybe something to do with an EV partner perhaps ? Either way, we’ve got plenty of partners, what we need now is customers.

They could have RNS’d 2 year longevity confirmed in large scale electrodes. When they made the announcement regarding advanced plastics why on earth didn’t they remove the ambiguity and just announce them as their manufacturing partner ?

I’m not sure what payment we are expecting from Southern as AFC’s business model is to install, own, and operate the plant, at least that’s what it currently says on the website

The current burn rate is £833k every 60 days, allowing for the extra £800k if they continue at the current spend with no income they will run out of money therefore they must have factored in revenue being generated this year.

he Southern Oil project has incorporated an initial engineering study and logistics exercise which has identified key areas for project optimisation and improved efficiencies in design, leading to a potentially lower cost and rescoped solution for both parties. The project, subject to confirmation of final commercial terms, remains on track for delivery to Australia and commissioning within the early part of the third quarter of 2019, with the sale and lease agreement between the two companies expected to be completed in the near future.

The fund raise just about covers Bonds salary for another year, doesn’t leave much for R&D does it, and the ‘go to market’ strategy!

Chippjo, it’s all OUR FAULT the placing price is so low, because we talked the share price down remember?

Which one is the good one ?

i never said you and Richlist did, learn not to assume.

If PLACE is now not important then why does the AFC website still state this - ?

Customers

We regard our customers as our partners – if they succeed, then so do we. The Company has identified priority performance metrics for a commercial product, which our customers will demand – it is our duty to supply this and ensure that our fuel cell system remains robust in divergent environments, reliable and available when power is required.

Are you suggesting AFC are full of meat heads ?

They're targeting mobility scooters because they know we'll all be using them by the time they achieve place.

AFC present you with a picture of a completed 1000 piece puzzle, then when you get it you realise there's bits missing and the bits you do have don't fit together properly.

And back to a bid of 3.5p, more suckers under water.

are you having a laugh ? conclusion of the technical development ?

this is just the start, they've now got to build a protoype, years of teatsing, back to the drawing board etc etc.

On a positive note we are moving ever closer to ‘delivery and commissioning of the Southern Oil fuel cell system early in the 3rd quarter’, so only another 3 months.

As they say, the proof is in the share price

A new high power density technology has been developed in one sentence and the last, we’re now going to build prototype, priceless ! Another 10 years then !

We've got DW here, he finds stuff before it's even been published !