Member Info for Gitfinger

While I’m at it, Thongstring, are you being remotely serious? The energy requirements for producing a bottle of gin are considerable less than for boiling up large vats of sugar….does anyone have the FC. capability to accommodate this? I suspect not…..

For the pedants….auto text errors….should read “produce a totally useless product”

Am I missing something here, but if you’ve spent gazillions on developing a process to turn hydrogen produced from renewables or whatever in ammonia as a method of carrying said hydrogen, then why would you not bother to develop the thing that’s needed to extract the damn stuff at the other end? Otherwise, without an extraction method (never fear, AFC are on the case!) then all you have succeeded in doing is produce s totally useless produce within the context of this technology…no doubt some genius will explain why my logic is completely skewed….

M3

Bit touchy, aren't we? Nothing bashing in my post chap......all good......

Recent developments all good news on the face of it. It will be interesting to see how this pans out.......no doubt we won't see any traction on any of the current developments for some time, so fingers crossed the ABB thing progresses as hoped for, and that the units currently on test with the various construction companies start a flyin off the shelves pretty soon....or, maybe, just maybe, the future is so bright with Speedy that these things will pale into insignificance......

JM

So are you debunking the “all naysayers are in the employ of the shorters”myth?

Buenavista

Where does it say that it’s a 1:1 match fund? Most government schemes require that the company has some skin in the game, so the assumption that the company gets back 100% of its qualifying spend MAY be correct, but I’m afraid that’s purely supposition your part….happy to apologise if you can direct me to something that says it’s a 1:1 match fund….

B3

We agree on one thing, and that’s that the fact that the share price moving upwards is good news.

However, if you don’t know the way match funding works, and the interaction between R&D tax credits and government support works, then it might be a good idea to not comment on it….

I do understand how both of these work, and it isn’t a simple matter……..

Ref RNS... two things to note. It's a consortium, and not just AFC. We don't know what slice of the pie AFC are going to get.

It's a match funding arrangement, this means that the company will only get back an amount equal to what it has put into the project, insofar as R&D is concerned, so by definition, it's effectively a subsidy on getting a product market ready (funny, I thought that the kettle boiler was already market ready, and orders were about to flood in). Also, the company gets R&D tax credits on research work, but R&D credits are not necessarily available where the company is in receipt of government support, so it isn't inconceivable that the grant nets off against the tax credits and the company is actually no better off.

Just bear this in mind before getting all creamy, folks!

B3

You'd know about deleting posts that don't tell your story.......

Mr Membrane.....just out of interest, what's the definition of an electrode within the context of an alkaline fuel cell?

Bondy

Affordable? you sure? whats the CAPEX on the thing?

Mucksy

So when’s the income gonna flow from the kettle boilers then, big boy?

B3…….the posts you refer to didn’t “mysteriously disappear” because there has never been a post from me which has confused membrane and electrode, simply because I’ve never posted such a thing, this hypothesis is a product of your deluded mind…..if any of my posts have been deleted, there’s no mystery, because we all know that the reports were made by the thin skinned wonder who seems to post gloating posts after each deletion….you know who I mean….

Keep on posting the same deluded tripe, it all adds to the credibility void you’re successfully creating for yourself……

I guess the current indefensible position that the company is in means it’s about time for another reincarnation, eh? Which would be convenient as it would mean that all of the earlier drivel posted can disappear into the ether….that is your modus operandi, isn’t it?

Mucksy

Duh! it was their investment that caused the spike!

If they were selling down from those dizzy heights, then they will have been chrystallsing a loss, which, if that is the case, makes Bondy's statement even less relevant......the land of wishful thinking must be a wondeful place, you only have to wish, and logic and reality go right out of the window!

Bondy

That's the idiotic response I got from AIM ages ago. The loss exists, it needs to be recognised, the fact that it hasn't been realised is completely irrelevant. If it is a limited company, then the accounting standards dictate that the asset must be shown at it's realisable value as at the balance sheet date, and any surplus / deficit shown in the revaluation reserve, by doing this, the value of the shareholders funds is reduced to take into account this diminution of value, when the shares are ultimately disposed of, this is effected by a movement in the revaluation reserve in the first instance, and the profit and loss in the second instance.....For clarification, see note 15 of ABB's Q2 2023 report......

The numbers and the actual real world accounting treatment doesn't lie, unlike the wishful thinking rose tinted world....

That's not ironic, it's worrying......ABB subscribed for £3.25M worth of shares which are sat at £617,500, so they've been burned to the tune of £2.63M......even taking into account the free 10,000,000 shares, they're down £1.4M on a goodwill investments with a JV partner...

Dutco, similar, down £1.2M.......

Not the way to make friends and influence people.....Maybe Bond should read the Dale Carnegie book......

“Respecting the integrity of the market and maintaining trust with stakeholders are paramount considerations that outweigh potential gains from such actions.”

Hahahahahaha!

B3

No essays, not needed because you’re quite capable of outing yourself as an irrational, obsessive deluded loon all on your own, without help from me……

Oh, just noted…..you seem to be implying that AFC need to look offshore or they may go bust…..strange statement

What on earth has eu funding got to do with the company considering exporting a part of its trade that the British government has funded to a significant degree? Taking the kings shilling and then legging it is bad form in my book…

Developing British company…… as in still an R&D company (and still claiming R&D tax credits ) when according to captain big swinger we should by now be well done the road to commerciality….commercially viable products anyone?

B3

My word, you’re appearing to get quite rattled……why would I remove any of my posts, I stand by them all, because unlike you, I’m prepared to stand by what I say, because the arguments are reasoned…I’m not the one who throws a hissy fit when they can’t respond and get things deleted…..I guess you must have not liked something in the apparently incriminating post and had it deleted and now it’s bitten you….so no evidence to support your position, yet again…..

Even if I had got the thing wrong (which I haven’t) why is that such a major, major victory for you, because it doesn’t detract one iota from the undeniable statements of fact that I have made, none of which you have ever responded to with a valid counter argument….keep up the good work…..