Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Yet the SP still drops. 57.4p now, despite decent buying pressure. AIM really is a bizarre place at times but nothing to worry about of course !
Good spot. Being an individual partnership agreement that is being tweeted out by the official account of the government of Abu Dhabi, this surely warrants an RNS. Over to AB et al, who have perhaps been busier than people assumed at COP26,
Croqman, how many times do you need to be told that people can easily open a short position. I could do it right now if I wanted to on my CFD account. Telling me countless times that you are an expert in the financial services sector and that I am wrong will not change that fact. Add in the reality that people do all kinds of murky things on AIM, and generally get away with it, and you can see why I do not appreciate your opinion on this.
PS, the same logic can be applied to the rampers (who may well be the same people, sometimes with different usernames) on days when the SP is rising strongly.
Of course there are people on here who are deramping/shorting the stock. Some pretend to be disgruntlled shareholders, some openly admit that they are doing it and some change their mood depending upon their position. The only questions are whether they work as a pack or individually and, either way, whether they are effective. Logic dictates that it would make sense to work as a pack and that at least some of them make some money oud of it, as there would be no point otherwise.
Clearly, many will try to convince you that this is not the case, as this suits their narrative, but the reality is that this board would be a far better place if they were not able to take it over on days like today, regardless of what effect that would have on the share price, although I strongly suggest that the share price would be far less volatile and probably higher without them too.
I see that nearly the full bashing/shorting crew is out today. Strange how this happens each time that the sector is under pressure. Nothing fundamental has changed since yesterday or the day before. The volume of trades and nature of the trades do not justify the drop back in themselves. No doubt they are all waiting for the next buy signal, whatever that might be. Rinse and repeat, as enough people fall for it every time.
None of this removes the responsibility from AB and his fellow directors to deliver but the end of year report should provide proper guidance, as opposed to the fear and propaganda spread by the parasites on here.
I posted the Surrey University story back on 28th October but there is no harm in posting it twice. I look forward to the day when AFC actually starts to tell us these sorts of things themselves rather than having to find them ourselves. I had hoped that the Head of Communications would do that but sadly not!
There are certainly some big names in the credits so it doesn't appear to be a load of startups. This is at least the third or fourth time that a government department has released a video involving AFC in some way but it does seem that this one is of a very different scale. I also note that Ricardo and Urban Airport are in there so perhaps there are links to AFC with of those partner. Let's see what the event tomorrow brings but there must be a chance that AB will be there....
The Fool writers are continuing to focus on AFC, with their optimism continuing to rise. Given that some previous negative bashing articles seemed to coincide with selling pressure, I guess it can't hurt the SP. Spelling "Surrey" right would help though.
https://www.fool.co.uk/2021/11/09/invest-in-renewable-energy-today-with-these-5-green-companies/
AFC Energy
Another hydrogen company on my radar is AFC Energy (LSE: AFC). This Surry-based company manufactures the fuel cells needed to turn hydrogen fuel into electricity. I’m particularly bullish on AFC because it has a patent on alkaline fuel cells. Alkaline fuel cells use lower purity hydrogen than their non-alkaline counterparts. Cars, trucks, and even buildings using alkaline fuel cells will be able to be run at a far lower cost, giving AFC a competitive edge.
On the financial side, unfortunately, AFC suffers from many of the same setbacks as ITM power: high debt and a track record of low income.
But, just like ITM, revenues are up, and are projected to climb over the next few years. The market has a clear desire for hydrogen. JCB just signed a multibillion-pound deal with Fortescue Future industries to import green hydrogen all the way from Australia.
Hydrogen power still remains untested at a commercial scale. It’s a risky investment compared to some already established technologies. What I’m betting on is that to bring down carbon emissions, firms around the world need access to low carbon fuel that can be produced and used today. I fully expect these companies to have some growing pains, but to ultimately come out on top.
Number, I am sorry to hear about your incontinence.
As we await news, whether from ABB or elsewhere, it looks like someone is happy to offload at under 63p. It continues to baffle me that there are so many shares still available at these prices, especially given the reasonably heavy trading over the last week in the 60-65p range and the fact that the last placing was at 64.5p, but the seller(s) will presumably eventually run out of shares.
As quite a few people have been saying since the June update, AB has pretty much nailed his colours to the mast by saying that he expected multiple orders, multiple new products and other progress this calendar year. Whatever else he may be, AB is not a fool and he will know that there will be incredible pressure on him to go if he does not deliver this time.
Some slippage on certain aspects would be accepted, provided that it is a "when" not an "if", but he only really has a few weeks to start to put the pieces together if he wants to keep his job.
In the absence of anything to the contrary, and AB plus his fellow directors would have a duty to report any issues, my hope is that (as has happened a couple of times late in the year) there is about to be a rich vein of output from the company, with this including a lot of key updates in the imminent end of year report but time will tell.
In the meantime, I see that the army of people spreading fear and doubt is growing. Presumably, some are genuinely concerned but I suspect that many simply want to try to undermine the share price for their own ends. As ever, DYOR and let's see what AB and the company can manage in the current climate which seems to be as good as it ever has been for the sector.
The Fool does seem to be mentioning AFC more and more these days, with some of their scattergun commentary becoming more positive. Who knows, maybe AFC will start to sign more contracts and we will see a flurry of positive articles from the Fool and elsewhere...
https://www.fool.co.uk/2021/11/05/some-of-the-best-penny-stocks-to-buy-in-november/
Clean energy
The green energy sector offers some interesting penny stocks. Among them, AFC Energy is trading at 64p as I write. AFC develops alkaline fuel cell systems, which use hydrogen. As an alternative to battery storage, they offer high electrical and cost efficiency. The share price is up more than 250% over the past 12 months.
The big risk I see is that it’s hard to tell who will be successful at this early stage. AFC isn’t yet profitable, so that’s an extra risk. But it does seem to be attracting a lot of partnership interest. And it seems to have enough cash, for now.
7.4% down with relentless kamikaze AT trade sells. There is nothing suspicious about that at all! This really is back to being a day trader's toy as we await substantive news.
Thanks, Croqman. Whatever the case, it has been a very effective walk down today and some on here will be delighted!
Oggs, I am not suggesting that the funds should trade, just that funds who are looking to increase or initiate their positions in AFC could take advantage of the drops to do so.
Good points, Sturmtrooper. What surprises me is that more investors, including funds, don't predict the game and buy into the drops more quickly. It is still possible that AFC will release some news during COP26 but I agree that the end of year report is now more likely to come out after AB returns to the office, whenever that is, and I hope that it will contain lots of interesting news including about the trip to COP26.
Whilst I accept that ups and downs are part of the AIM game. these low volume walkdowns are getting more and more ridiculous. With under 1.5million shares traded (about 0.2% of the shares in issue) and there is a 5% drop. Add in that "buys" and "sells" are nearly equal and it gets even more ridiculous. I guess that we are stuck with this nonsense in the absence of major news but I still do not understand why these tactics work every time, only to bounce back pretty much every time afterwards.
We need to factor n that today the MMs are playing the old trick of letting lots of "buys" go through just under the mid-price, making them appear as sell. This used to happen a lot in previous sharp rises but it has been less prevalent recently. Whatever the case, IMHO it links back to my earlier point about institutions/funds buying in as the sector gains traction again and as AFC's profile shoots up, especially after the demo yesterday, but let's see where this goes for the rest of the year.
Whilst it seems to be very difficult to get accurate figures on which funds/institutions are investing in AFC, it really does look like more and more are getting onboard. Quite a few have been mentioned on here over the months but, fur example, I don't recall seeing Assenagon Asset Management SA before and they seem to have 14,481,989 shares.
https://www.fidelity.co.uk/factsheet-data/factsheet/GB00B18S7B29-afc-energy/profile