Member Info for Eastwood

144 and it is trying to go for it now. Lets see if it sticks

ITM shares

Today - 688.16m

29/06/2023 616,743,434

26/10/2022 614,683,780

11/11/2021 613,158,155

11/10/2021 550,658,155

AI says the below. Not sure if 100% accurate but looks to be about right if I remember

ITM Power had approximately 500 million (0.50 billion) shares outstanding at the end of 2021. This represented a significant increase from 2020, driven by capital raises and continued growth in the company's electrolyser manufacturing business, such as the major £250m fundraise announced that year.

Shares Outstanding (End of 2021): ~0.50 Billion

Change from 2020: 27.33% increase

Context: Significant funding was raised in early 2021 for manufacturing expansion.

I would think Helikon dropped some more today with 10m volume.

Https://www.bbc.co.uk/news/articles/c79jg43vd8no

Yesterday after UT, there were 4 further trades totalling 1,163,917 shares. They look to have been buys as the bid was 100 and the ask was 136, but you cannot be sure. I am thinking it is the shorts lowering again, but once again am not sure. It could be someone buying in.

4m traded now Digi.

UT until 08:05 at least. L2 currently showing 143.50. It obv might not open at that.

HI Forest,

If you go to the https://www.fca.org.uk/markets/short-selling/notification-disclosure-net-short-positions and look halfway down there is a URL called "public short positions disclosed to us – daily update (XLSX)." You can then look at current disclosures and historic. You are prob better off feeding it through AI and getting it to calculate it in to a spreadsheet as it gets a bit tricky and difficult trying to work it out as you work on historic etc. ITM had 616m shares roughly till the last week and then GBE added to the pot so it is 688m now but those shares were bought straight by GBE so in my mind will not dilute Helikon, but I cannot be certain in that it could have, if that makes sense.

Thanks,

Eastwood.

Estimated and best educated guess.

Qube - was 76p their average @ at 93p there were -£1.4m and @ close on friday roughly @ 131.5 -£3.1m. If they have not started closing and buying and it goes to 150p they will be -£3.8m. Amount of shares to buy to clear roughly 7m shares

Helikon average is 180 @ at 93p there were £14m profit and @ close on friday roughly @ 131.5 £7.8m profit. (So dropped 6.2m) If they have not started closing and buying and it goes to 150p they will be £4.8m profit. Amount of shares to buy to clear roughly 16m shares

Veleon average is 260 @ at 93p there were £6.3m profit and @ close on friday roughly @ 131.5 £4.9m profit. (So dropped 1.4m) If they have not started closing and buying and it goes to 150p they will be £4.2m profit. Amount of shares to buy to clear roughly 3.7m shares

I think Qube has to start blinking and trying to close. They cannot afford more good news coming through. Helikon if it is goes to 150 have to start thinking of exiting whilst they still have profit. Once again they cannot wait for more good news. Veleon have the most leeway as they can ride it all the way to 260.

I would also think If Qube start trying to clear along with Helikon this will churn the volume on monday and Tuesday right out of the gate. Qube do not want to be paying 150 and Helikon want to be paying 130s whilst they can.

Just my own thoughts and should not be taken as gospel.

All, I gladly bought Justin a few beers over a quick catchup on behalf of all of us on LSE. It is the least I could for Justin on behalf of all us for everything he has done for us and ITM.

For me personally Justin inviting me on the investor day in Oct 25 and touring the factory showed me the full potential of ITM and what it could be come (We are seeing the fruits of the labour).

It is very rare that individual investors, who in reality are quite important, have as much open access to a plc as Justin provides, and that Justin responds very quickly. For that access, on behalf of everyone who talks to him, I say thank you, for your time and effort.

I hope everyone has a great weekend. I know I am a happy investor after this week.

I joked with Justin that if Chronos can be made smaller can we all please have a Chronos SB (Small Boy) that I can put in my garage and fill my car up from home. If it happens one day and a Chronos SB is released. I said it 1st 🙂

I use to pay for L2 data her on LSE, but moved away due to the issues you seeing now the data lagging sometimes.

We are still waiting on

1) Uniper 120MW

2) 300MW APAC

3) 21st Nov- Selected for 710MW of projects in Germany

4) a Basic Design Engineering Package (BDEP) contract by an industrial customer for a project in Australia

5) a Front-End Engineering Design (FEED) contract for a project in Canada, which aims to produce hydrogen for transportation from hydroelectric power.

6) Hydropulse 1st contract

If you remember I asked about FEED at the investor day in Oct 25. Dennis answered us directly. I put it below again for ease of reference. But yes I expect 4 and 5 to move to FID or contract orders.

Question: Could you please explain what the FEED contracts are and how they progress to FID?

Answer (Dennis):

In relation to ITM, a FEED contract stands for Front-End Engineering Design. Essentially, it involves ITM assessing and designing how a system—such as a Neptune II, Neptune V, or POSEIDON electrolyser—will fit within a customer’s specific site.

No two installations are exactly the same. For example, a site might have enough space for a Neptune II, but pipework and connections could need routing through complex existing infrastructure. Another site might require two or more Neptune Vs placed apart due to space limits, which means the engineering design must ensure the systems work together efficiently.

FEEDs usually cost between 1 and 2% of the total project value and take approximately 6 to 9 months to complete. Based on Dennis’s experience, about a 9:1 conversion ratio exists—out of every 10 FEED contracts, nine advance to Financial Close (FC) and subsequently to Final Investment Decision (FID).

133 just hit. 8.7m vol

124 breached with 7.3m vol

Just breached 112 with 4.3m vol traded in 16 min

Opened at 104. sitting at 105. 1.5m vol traded in 1st 90s

Auction is currently sitting at 103 with 230k vol showing

Do you hear those screams?.... The screams of Qube....going FOR F$%% sake

Rheinmetall presents project vision Giga PtX – E-fuels

https://www.youtube.com/watch?v=3WYe1CWXJhM&t=1s