Member Info for DD77

I would also add that Stuart Hawthorne has been heavily building his position here recently, so he must know what is going on - this provides me with some confidence. GLA

I work for a company who are active in a lot of hydrogen projects at a distance. Almost all have suffered from significant delays, often due to government policy which is not particularly supportive. They offer piecemeal support and expect the private sector to do all the legwork. This is fine in principle but for a fledgling sector such as hydrogen which requires collaborative joined up support from multiple sectors (producers, infrastructure providers, OEMs, offtakers and government regulation) it needs more than piecemeal support to appeal to investors to build a business case. At the moment there's so much uncertainty, and even more so when the Tories are going to get booted at the next election, so projects are inevitably getting delayed as investors wait and see what the policy landscape will look like.

I am so far underwater here, it is not funny. And I certainly no longer hold the same belief as I did previously. But if the stars align then I could still see a return. First thing needed is to sell the Leeds building to allay short turn funding issues

Have seen this tipped elsewhere, and after some research have taken an entry position. Looks very promising and a good price. GLA

Worth noting that there are £6.1m worth of warrants outstanding at an average of 22.5p. I struggle to understand why people are not converting these, because it's an instant gain at current SP if they wished to flip them. The conversion of warrants would certainly address funding concerns in the short term

Nice to get some well reasoned and informed discussion on this bb, all too rare on LSE. Volmer raises some very pertinent points, albeit focuses predominately on the red flags as opposed to the potential for the company to overcome them through growth/partnerships. I am probably where Jimzi is, and think we could well see a beauty parade for financing. I expect there will be plenty of avenues ONDO will be exploring for this, and pushing out the current debt arrangement is really just a placeholder, until they get alternative arrangements in place.

Tomorrow's call will be interesting, and I will probe on this topic (as i'm sure others will)

The shorts are definitely closing. Marshall Wace reduced their position by a further 0.33% on 17th Nov to 0.83%.

Total shorts currently between 1.44 and 2.42%

Agree with your summary David. ETX is another share I hold, which follows a very similar SP path to C4XD. Both in similar markets and the trend is there for all to see, despite both holding really good prospects

Thanks for sharing the stockbox jabberba. Where did you get the 40% figure from?

I've only heard 10% penetration mentioned, giving an expectation of $30m p/a.

I got the sense from the report and interview that things are taking longer than expected to materialise, however the outlook is unchanged and still very positive

Marshall Wace reduced their short by 0.08% on 16th Nov to 1.16%.

Current shorts between 1.77 and 2.75%

You could be right latics, Halifax set a hard deadline of mid November due to the intricacies involved……….however they have synchronised my account almost instantly following this deadline.

However, with the SP currently 3p higher than the warrants, I’m not sure why you wouldn’t take them up. I’m holding mine, brings my average down to just over 19p

So I received a msg from my broker Halifax that I needed to confirm the warrants by mid November if they were to execute on my behalf. I chose to and they have today been converted in my account.

Always found Halifax to be a very good broker in my 15 years with them

Some significant volume going through today and a sharp upturn in the SP. Really positive to see this momentum returning after the lull. You'd expect all those outstanding warrants to be getting executed now we're reaching these levels

The interims were disappointing and the volume of contract wins has tapered off - perhaps hype was not the correct word but the positive euphoria and momentum they had has dissipated

That's the site I use..............you'll note it doesn't track shorts that have gone under 0.5% as I said. And AHL and Marshall Wace Asia both went to below 0.5% so aren't included in that 1.85%. They may still hold at 0.49% though, so the shorts could be as high as 2.83%

As predicted, shorts are closing their positions further:

Marshall Wace reduced their short by a further 0.11% yesterday

Marshall Wace Asia reduced their short by 0.10% yesterday

AHL Partners and Marshall Wace Asia's shorts are now below 0.50%. How much is unsure because the short tracker website doesn't track when below 0.5%.

So shorts are now somewhere between 1.85% and 2.83%

SP has been decimated in recent weeks/months. This appears very unloved atm. All the hype has dissipated

Marshall Wace reduced their short further by 0.11% on 10th Nov. Now 3.04% but could be lower still.............I expect others are closing positions now too

Still too many question marks outstanding for me to consider investing, even after the placing. Until they can demonstrate they have a handle on the issues at hand and won't require further capital raises, I will hold off. I have seen too many of these companies burning through cash without a handle on operational management or cashflow

These data packages are due to be released shortly.

New Edison note below.

https://www.edisongroup.com/research/more-to-come-in-rnai-therapy-discovery/32906/

The next 12 months will likely be key for proving whether they will be successful or not..........otherwise they may need to raise further funds

An update on this - a number of institutions reduced their shorts after the results yesterday. Not significant but now down to 3.15%. Be interesting to see if they continue to close out their positions