Member Info for haggismchaggis1

What gives with SCIR? Fundraising? Down 30% on just 3.8m traded!

PF,

Your buy 4,520,141 £50K still not appeared, that's some delay!

ICB,

There could of course be an increase in the estimated gas in the Chikumbi targets with the first batch of Seismic that is being processed to confirm the well location. They need to have enough Seismic processed to ascertain the complete shape and size of the Chikumbi targets, in order to optimally position the wells. Within that batch will be the CH-1a and CH-1b well targets of Lobe 2 and Lobe 3, plus Lobes 1 and 4, plus the deeper Jurassic target which both CH wells go to TD on. As per slide 12 on the May 2022 AGM presentation. So 5 zones we know of, that ARA will be able to more accurately estimate the volume of.

It would be good if ARA made even the slightest mention of the oil potential (however big they consider it), now that they have SCIR's 25% secured (I don't think SCIR can back out now "Scirocco has now entered into binding agreements with APT").

Quiggers52,

Only if that short position is 0.5% of the issued stock or more.

Goldman can sit on a 0.4999% short and tell the world to sell the stock, with no breach of the law.

ICB,

I just this second got an online quote (just testing!) to sell 1m and was offered 1.0851p!

Sorry, meant "with Goldman only going short recently .."

Going back to this thread, Goldman have made a few quid with their short position today, as have Blackrock and JP Morgan. With Blackrock only going short recently, is it possible they had been leaked today's news?

BlackRock Investment Management (UK) Limited ITM POWER PLC GB00B0130H42 1.32% 22/06/2022

JPMorgan Asset Management (UK) Ltd ITM POWER PLC GB00B0130H42 1.21% 05/09/2022

chameleon1,

Very unlikely to happen, just ask Acciona, Mace, ABB, Keltbray, etc, etc.

We have the right product (Ammonia or Methanol fuelled) at the right price. In fact, the crazy new grid prices to businesses opens up another load of possibilities where our systems can now compete with the grid, and I expect AFC have already been getting many new enquiries on that in the past few weeks.

PF,

Absolutely the time.

We soon move from being an explorer to being a decent producer with revenues far bigger than our costs. In fact, that transition is already a long way ahead of the curve, with the reduction in staff and operations. ARA have taken over as operator for Ruvuma and they look really professional, as well as being willing and able to chuck everything at the project.

Even though I've been in for over a decade and sitting on a pile of zero cost AEX stock, I topped up a few months back and again with 1m shares on Monday this week. That means I've gone from zero cost stock to having stock at a price (although the average is still well below the current price), such is my belief that this is AEX's time.

PF,

Me, BG and a few others have been here over a decade, patience is our middle name!

Oh look, here's the village idiot to talk more tosh LOL! So glad this site has a filter!

As at the close on 12 01 2022:
AFC Energy
MCap £495m

ITM Power
MCap £2,866m
------------------------------------------------------
Right now:
AFC Energy
MCap £175m (down 64.65%)

ITM Power
MCap £695m (down 75.76%
------------------------------------------------------

By my calculation that makes AFC the best performer of the two, even though ITM have sales, their production is too low so is not clearing the backlog and that backlog would just increase if they sold more. A great example of putting the cart before the horse.

AFC procured a huge factory building, fitted it out, and are ready for production once the big sales begin, so AFC won't fall into the trap that ITM have fallen into.

ITM production ramp up is over 2 years, and alongside that development of the bigger systems, so with those timelines I can't see them going meaningfully back up anytime soon. Meanwhile AFC will be moving into sales of Power Tower and S Series systems, so could actually overtake the MCap of ITM over the next 12 months.

PF,

Nice one!

Big buys not reported yet? SP rising on no reported trades

With the production ramp up being over the next 2 years, plus development of the bigger systems taking a while, it's going to take a long while to claw its way back to 200p, let alone the 527p high of this year.

ITM News today, bigger loss, bigger backlog, no new factory (despite raising £259m not long ago to build it), investment instead going into current factories to increase production there over the next 2 years. Their CEO resigns!

I can see them dropping a lot today, as the above are big setbacks and bad news.

DW and other con men have been claiming for years that ITM is better run than AFC, that they have sales, well there we have proof in RNS of what garbage they spouted.

I did say they need to ramp up production to reduce the backlog and to cut cash burn, and there we go, the results say it all, and they finally have their lightbulb moment!

Vike1,

That is a 100% more realistic theory than AEX holding back price sensitive information.

And ARA are an Omani company, not UK.

smudger63,

You do not seem to have a grasp of the legal requirements for listed companies under the LSE and FCA rules and regulations.

It is fact that if ARA tell AEX the Seismic news, AEX by law must announce it without delay to all of its shareholders, they cannot sit on it for days until they feel like announcing it!