Member Info for Daz9643

From 6 days ago !

Everyone here just needs a little bit more patience 😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂

So you’re already down 50% on that investment and you’re pumping in more cash and you’re now under water on that investment from this morning, smart move.

So 40p and 125p targets by 2 brokers, doesn’t exactly give you much confidence does it ?

Great advice, not. This is definitely not a buying opportunity. Don’t waste your money.

I think the golden nugget will turn out to be a brown nugget

In June 2024 - reason for fund raiseToday 16:13

AFC Energy is in a growth phase and looking to continue to scale up its manufacturing capabilities to meet increased demand for its unique hydrogen fuel cells. The net proceeds of the Placing and Subscription will be utilised to capitalise on the Company's existing commercial routes to market for its H-Power generators (specifically the roll out of initial orders from Speedy Hydrogen Solutions and, when placed, orders from TAMGO) and to support commercial development.

HAVE WE BEEN HAD OFF HERE?

Of course we have, AFC Raised £13.7m to build and deliver a £2m order to Speedy and to keep the lights on while they do it. I can guarantee that no units will be built with that money to fulfil any order from Tamgo. Sorry I’ll go now as I’m a (pick any one of the names I’ve been called over the years)

I have no idea CN because I’ve traded and taken some profit out but my first buy was 60p about 11 years ago, I also bought more at 12p when the Southern oil deal was announced and another £10k at 66p when the ABB deal was announced. Probably about 50p.

Ceres finished on the leaderboard 26% up. AFC RNS is just to confirm we have 110m more shares in circulation than the last total voting rights RNS. AFC just print money to stay afloat rather than actually build something and deliver it.

We were also told by Bond we were approaching with the cost of diesel generators not that I ever believed it for a second but I feel sorry for the likes of CN, and Haggis who believe every word that Bond uttered.

It will be interesting to see the final revenue figures for 2024 seeing as we only have one committed order of £2m from Speedy, some rental revenue from one unit for ABB, where is the other £2m going to come from ? Are they now including grants in the revenue figures ? I like the way Bond previously announced they have a different method for reporting the order book, which includes uncommitted orders and that the £27m order book won’t be delivered this year but spread out over several years. That goes without saying that it included the additional order that Speedy will hopefully place and the 10 units that ABB will hopefully place, other than those I don’t know what else there is. I’m not sure how legally you can basically call your sales pipeline your order book, no other company I’ve ever worked for has done this.

I don’t want to hear Mike Rendalls lame excuses why industry aren’t buying our hydrogen fuel cells when Bond has been saying they are seeing massive demand, so which is it ? Is the £27m order book real or not ?

Bond also claimed multiple times about huge reductions in component costs through bulk buying yet Rendall is citing this -

An interesting article in yesterdays Telegraph. The UK's progress to net-zero is being based on moving to green electrical based energy sources which are significantly more expensive than the current natural gas option. This race for decarbonisation could lead to the UK de-industrialising as it cannot economically compete whilst meeting the emissions reduction targets.

They are silent because there is no news, that has always been the case, rampers say they are quietly working away behind the scenes but it has been proven over many years that Bond over exaggerated everything including the £27m order book I mean pipeline, I mean uncommitted orders, oh sausages.

There was once a partnership with Altaaqa, you’d think by now there’d be a smidge of news from them or the wider Middle East but zilch.

ABB news when it comes won’t even register on the sp as it’s just confirming CE marking of a prototype, can guarantee there’ll be no sign of them ordering the 10 discounted units. Bond left AFC high and dry, and got out before the blame landed on him.

They all are. Do you really think the big oil giants are doing nothing ? Been listening to Bond too much spouting our first mover advantage ?

Many of the big oil companies are actively involved in the development of hydrogen fuel cells and the broader hydrogen economy. This involvement is part of their strategy to diversify and transition toward cleaner energy sources in response to growing pressure to reduce carbon emissions. Here are some examples of how major oil giants are participating in hydrogen fuel cell development:

### 1. **Shell**:

- **Hydrogen Projects**: Shell is one of the leaders in hydrogen infrastructure development. It has been investing in hydrogen fueling stations and is working on building a "hydrogen corridor" in Europe and North America. Shell has been developing hydrogen production facilities using both renewable energy (green hydrogen) and natural gas (blue hydrogen).

- **Partnerships**: Shell has partnered with companies like Toyota and BMW to promote hydrogen fuel cell vehicle adoption and infrastructure.

### 2. **BP**:

- **Hydrogen Plans**: BP has outlined plans to become a major player in the hydrogen market by 2030, targeting both green and blue hydrogen production. The company has announced investments in hydrogen hubs, including a significant one in Teesside, UK, where it aims to develop a blue hydrogen facility.

- **Strategic Shifts**: BP has been focusing on reducing carbon emissions and views hydrogen as a critical element in decarbonizing heavy industry and transport sectors like shipping, aviation, and trucking.

### 3. **TotalEnergies**:

- **Hydrogen Projects**: TotalEnergies has been investing in green hydrogen production using renewable energy sources. The company is also engaged in partnerships for hydrogen infrastructure development, with a particular focus on Europe.

- **Renewable Integration**: TotalEnergies aims to integrate its hydrogen production into its broader renewable energy portfolio, supporting the production of green hydrogen with solar and wind power.

### 4. **Chevron**:

- **Hydrogen Focus**: Chevron has been increasingly investing in hydrogen, focusing primarily on the U.S. market. The company has partnered with Caterpillar to develop hydrogen fuel solutions for industrial machinery and trucks.

- **Future Hydrogen Economy**: Chevron's approach includes blue hydrogen (from natural gas with carbon capture) and green hydrogen, aiming to develop a hydrogen economy for heavy industries and large-scale transportation.

### 5. **ExxonMobil**:

- **Hydrogen as Part of Carbon Strategy**: ExxonMobil is investing in blue hydrogen as part of its carbon capture, utilization, and storage (CCUS) initiatives. The company sees hydrogen as a significant opportunity to decarbonize high-emission sectors, including refineries, power plants, and manufacturing industries.

- **Industrial Hydrogen**: ExxonMobil has been working on large-scale hydrogen projects

CN you had to be there to understand. There was a question about Hydrogen supply and Bonds answer was ‘ look, hydrogen is the most abundant element in the universe’ giving the impression to naive investors that supply wasn’t an issue.

Snork I agree the year end accounts won’t be released for several months but if the 2024 revenue falls significantly short of £4m that will need to be RNS’d soon.

If an order is placed today, what is the delivery time ?

With a £27m order book, and £4m revenue expected this year, was £11m for next year, that’s at least 2 year minimum wait for delivery. Assuming that £27m order book is real 😂, who’s going to wait over 2 years for delivery ? And if you £27m order book is real 😂, why didn’t Bond sort out sub contract manufacturing earlier ?

Anyway, 5 weeks til financial year end and we’ll see how much of that revised downward revenue target actually gets hit. And still no sign of the 2nd order from Speedy hire that was expected’.

Too funny that the first thing Rendall says is companies can’t get enough hydrogen for their demand, rewind to one of the capital market events where bond opened with its the most abundant element in the universe LOL !

Correct StockCheque, he plucked it from Bonds book of buzzwords, that contains accelerating, accelerated, glidepath, on the cusp, delivering shareholder value, near term, imminent, shortly, great strides, the holy grail. Unfortunately AFC is synonymous with the exact opposite of all those phrases.

But I have CN because Bond told us ! 4 units a month, that’s what he said, surely even you can work out that’s roughly one a week ?

How many years was Bond rubbing shoulders with all the top people in industry as you kept reminding us ? What good has it done ?

The comment from the former employee rings so true, AFC is badly managed, disorganised with no clear direction. Even now diverting away from fuel cell generators to try their luck at ammonia crackers.

CN, re your list,

No.1 Everyone knows there are 30kw units being built & shipped every week to Speedyhire, 1 a week.

No.2 ABB 200kw unit it well through CE marking. If a product doesnt work it would be pointless putting it through CE marking.

When completed shortly the 200kw units will not only be available to ABB but other customers world wide. It’s already for sale but no orders.

No 3. The Ammonia cracker is now being pushed through Afc's new company Hyamtec.Ltd. It’s abit stupid for some people on here to be saying it’s all hot air. Yawn, another slow burner.

No 4. Acciona have received their first 45kva system from Afc after testing & CE marking (Fact), hopefully one of many to come. Not for at least 6 months.