Member Info for haggismchaggis1

Goatlegs,

I'm hoping for something a lot more proactive from Acciona, where they buy a large number of AFC systems and replace at least 50% of their 50-80 kVA Genset fleet, all the oldest one's can go straight away, either for spare parts, kept as 'hot spares' or sold to be broken down for the metals etc.

No doubt they will have some fairly new 30-80 kVA gensets in the fleet that are much lower emissions than the older stock, so they may choose to keep those for a while.

But Acciona want to go to zero emissions from gensets and zero pollution for site workers, so a lot depends on how determined they are.

https://www.acciona.com/our-purpose/sustainability/climate-emergency/?_adin=01742670631

On that front you can also look at their renewable energy installations including sizable Hydrogen generation in Mallorca, Solar power, Wind power, Hydro power, Biomethane, etc. I'd say they are pretty determined on Net Zero, check out their Acciona Energia part of the business.
https://www.acciona-energia.com/technologies-and-solutions/?_adin=01742670631

"The solar plants, located in the municipalities of Lloseta and Petra, will have a capacity of 6.9 and 6.5 MW respectively. They will produce enough renewable energy for the green hydrogen plant, which will generate and distribute more than 300 tonnes of H2 per year."
https://www.acciona.com/projects/power-to-green-hydrogen-mallorca/?_adin=01742670631
https://www.rechargenews.com/energy-transition/spain-starts-up-flagship-industrial-green-hydrogen-plant-and-first-ever-hydroduct/2-1-1185088

So if the Board feel it's the 'right thing to do', they could order all genset s in the 30-80kVA be replaced with AFC systems, and <30kVa replaced with smaller Power Towers. That would leave them with just a small number of much bigger Gensets of >80 kVA that will require bigger S and S+ Series systems.

Another high profile project that could use AFC systems.

"Keltbray to deliver £73 million contract for City of London Corporation’s Salisbury Square Development on behalf of Mace"

"... where sustainable circular economy techniques are being deployed to minimise waste and reduce the overall environmental impact of the scheme."

Michael O’Hagan, Managing Director of Keltbray’s Built Environment division, said:
“With the redevelopment set to take a further three years, we recognise the desire for a highly sustainable build with carbon reduction and the circular economy are key drivers. Therefore, where possible, we have developed a methodology to complete the works in the most sustainable manner.”

https://www.keltbray.com/2023/04/19/keltbray-to-deliver-73-million-contract-for-city-of-london-corporations-salisbury-square-development-on-behalf-of-mace/

Great to see Peel Hunt still backing AFC and still insisting that their DCF valuation of 195p is correct.

The con men battering this board day in day out make no difference to Peel Hunt, or to their genuinely calculated valuation versus numbers plucked from the air by con men.

In fact, your post "the person behind this company" is way off topic. His other directorships have absolutely nothing to do with the business that is doing Plastic to Hydrogen in the UK and claiming it will be first to have a commercial plant.

The Directors of PHE, HUI, etc, their other interests have nothing to do with this BB either. Or would like like to post those and compare them and their success vs failures too?

"Your thread is off-topic to PHE"

I disagree. It is about Plastic to Hydrogen, which is PHE's sole market, and it's about a competitor in that market. It is very relevant.

Maybe you are too short sighted to see the big picture, but I'm not.

"AFC Energy hefty target price reiterated after ACCIONA order"

"Peel Hunt's target of 195p is ten times the market"

"AFC Energy’s first hydrogen-generator order from contractor Acciona reflects feedback from the Spanish group after a trial of a smaller version, notes broker Peel Hunt."

"Acciona’s engineers gave a detailed definition of shape, size and power output that an emission-free generator should have to hit the construction industry's mass adoption “sweet spot”, notes the house broker."

"The Spanish group added that “the system’s modularity, scalability and compactness make this an ideal platform to displace diesel generation from our construction sites in the near term”."

"Peel Hunt has maintained its ‘buy’ recommendation and 195p price target, compared to a market price of 19.5p, up 0.6% today"

https://www.proactiveinvestors.com/companies/news/1012613/afc-energy-hefty-target-price-reiterated-after-acciona-order-1012613.html

For sure a takeover by either Piedmont or a big Lithium user could be on the cards. I doubt they would make a move before the main mine is completed and running satisfactorily, so mid 2025 to late 2025, bid say 30% on the MCap and maybe a bidding war with Piedmont if it's not them with first bid.

Just checked my average and I got it down from 47.28p to 30.57p by buying more on the dip. Now for the long (not that long!) ride up.

The other thing is that although the price has gone up 70% from the bottom after the BO lies, a lot of people have an average price higher than the current price, so did not make any profit on the 70% rise unless they added stock at the bottom, but even then the vast majority of longs are not interested in taking the profit on the top up shares, they would much rather keep that stock as it reduces their average price. I am one in that situation, topped up and staying long for the big money.

"ML + DFS (50-60p+ July+?) "

I am thinking 75p to £1 on those as they are just as good as having the mine built, they confirm that the mine WILL go ahead, so there's no need to wait for construction to start, especially as they are looking at Modular DMS which means minimal construction before revenues.

"Mine built and producing Q2 2025 (£1-1.50+)."

I think "the rapid deployment of Modular Dense Media Separation ("DMS") units to capitalise on the current SC6 price environment." and "to potentially shorten the timeline to initial production against a backdrop of current buoyant lithium pricing." and "The Company believes that the Modular DMS units can be easily installed, enabling earlier production in the current high lithium price environment.", will mean production in early 2024. Plus we will have the increases in resources between now and then from Passive Seismic and drilling, so I think a share price of £1.50 by mid-2024.

Another very good point:

"is a step towards displacing ACCIONA's incumbent internal fleet of 30 - 80 kVA diesel generators"

So this is a fleet of gensets that Acciona own, they are not owned by a hire company. No doubt Acciona also hire gensets if they need more than they own at any point, but the fact they own a fleet of gensets means that Acciona themselves will buy or lease the AFC systems, so there is no need to wait for hire companies to get on board as far as Acciona are concerned. Most likely I see them buying, as it will reduce the CAPEX.

Oh I did that already, so I see this:

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But when others post what the filtered are saying, if I have a point to make I feel obliged to make it.

https://errin.eu/events/reciprocity-workshop-learning-replicating-innovative-urban-air-mobility-solutions

Miguel Paris Torres, Head of Area at ACCIONA's Construction R&D Centre, said:

"The system's modularity, scalability and compactness make this an ideal platform to displace diesel generators from our construction sites in the NEAR TERM"

https://industry.nt.gov.au/industries/emerging-industries/space-industry/industry-case-studies/minerals-core-lithiums-use-of-space-tech-to-expand-its-mineral-resource

https://mining.com.au/core-lithium-signs-contract-with-fleet-space-technologies-for-satellite-based-mineral-exploration-services/

Well worth an RNS!!

"Core Lithium described the results of the trial as “an outstanding success”, noting an excellent correlation with the pegmatite body interpreted from drilling to depths in excess of 500m and stating that a number of previously unknown targets have emerged — a major boost for exploration"

Andy Bennett, Exploration Manager Core Lithium added, “The success of this trial shows the potential of the technology to deliver our next generation of exploration targets and we are excited by the prospect of doing further work with Exosphere.“

"ExoSphere is Fleet’s pioneering exploration technology. It delivers detailed subsurface 3D mapping using an array of Geodes. These devices are so portable and lightweight they can be transported and placed by hand. The geodes use edge computing to analyze ambient seismic noise which is sent by Fleet’s network of small satellites for processing. The data is rapidly processed in the cloud to deliver a 3D visualization of the area to support critical exploration decisions. This makes searching for key energy transition minerals faster, more sustainable, less expensive and more accurate. "

"ExoSphere is a first-of-its-kind system that combines Geodes, Fleet’s satellite connected geophones with edge computing, and a constellation of Low Earth Orbit (LEO) nanosatellites to discover critical resources by up to 15X times faster than traditional methods."

"Using a bespoke Fleet-developed system, these visualizations are accessible to view and export anywhere on Earth in real-time. The speed of this imaging now means that thousands of square kilometers of area can be imaged in a fraction of the time of traditional methods"

https://news.satnews.com/2022/08/15/fleet-spaces-exosphere-earth-scanning-technologys-success-at-australian-lithium-exploration-project-trial/

"is in a "sweet spot" for mass deployment."
"we are confident the Company's new 50kVA generator set will have wide reaching adoption across the construction industry."

So who's next to take one of these:
Mace
Keltbray
Kier
Taylor Woodrow
Colas Rail
????

It's an S Series "30kW "S" Series fuel cell"

S Series is an existing product
https://www.afcenergy.com/our-offering/technology-products/

It's NOT a new product

This is NOT another 'new' product, it is just a bigger version of an existing product. The battery pack will be an existing product as well, likely from our partner MSP. The only thing that's 'new' about it will be the cabinet!!

I'm looking forward to an AB interview video later on today's news, where I'm sure he'll elaborate on this being the final step to mass orders.

AFC have stated very clearly that they are seeking the ADVICE of auditors on what they SHOULD state in their accounts. There is NO QUESTION of the auditors finding anything wrong with AFC's accounts, it is AFC seeking how to change the accounts so that NOTHING CAN BE QUESTIONED by the Auditors when AFC SUBSEQUENTLY present the accounts to them for audit.

"As a result of last week's announcement of the successful validation of the Company's "S+" Series fuel cell technology and associated update to commercial arrangements with ABB E-mobility, AFC Energy is working with its auditors to confirm the appropriate accounting and disclosures for the revised agreement within the accounts."

Meanwhile, if anyone is thinking that the process is 'taking too long', please educate yourselves on the huge issue Auditors have had for a few years now, of staff shortages. These shortages have delayed many companies accounts and is usually stated in RNS as 'Auditors resourcing issues' or similar. So allow them plenty of time to do their work, and ignore the con men trying to panic investors with false claims and scaremongering market abuse fiction.

"Nine out of ten FDs attribute audit delays to auditor resourcing issues"
https://www.room151.co.uk/brief/nine-out-of-ten-fds-attribute-audit-delays-to-auditor-resourcing-issues/

"Significant changes to the audit profession in recent years mean that the industry is facing a recruitment crisis."
https://www.menzies.co.uk/audit-skills-gap/

"English local audit delays continue"
https://www.icaew.com/insights/viewpoints-on-the-news/2022/dec-2022/english-local-audit-delays-continue

"Mears Group has been forced to delay the release of its financial results due to the “unanticipated” absence of a senior auditor."
https://www.business-live.co.uk/economic-development/social-housing-provider-mears-group-26511000

https://www.icaew.com/insights/viewpoints-on-the-news/2023/feb-2023/whats-creating-the-talent-shortage

https://www.thehrdirector.com/business-news/skills-shortage/number-crunch-lack-accountants-auditors-causing-recruitment-woes/

https://www.accountancyage.com/2022/07/08/accounting-firms-must-discover-create-and-train-talent-amid-global-shortage/

https://www.businessinsider.com/shortage-accountants-we-should-be-worried-recruit-young-talent-2023-2

https://futurecfo.net/auditing-and-accounting-talent-shortage-remain-a-top-issue/

https://www.first2recruit.co.uk/blog/view/1049/resignations-and-staff-shortages-in-accounting-what-you-need-to-know.aspx

I'd say a month is all they really need to give them enough information to make a decision to go for the mass order. Make it two months just to please the naysayers. All they need on top of the data from the previous trial is CAPEX, OPEX, and proof that at a larger size it still provides the same performance levels, and has no issues.

So to me the 6 month rental agreement is just to provide plenty of wiggle room, but the order could come a lot sooner.