Member Info for haggismchaggis1

I was always expecting a Chinese built, fast track spur to a processing plant and then processed gas into the main pipeline. Could ARA have other ideas, or is this just about getting the ball rolling so the pipeline is built in time for gas production from Ruvuma?

"Founded in 2004, Marussia Beverages is a producer and international distributor of wines, sakes and spirits. In 2019, the company recorded a turnover of 250 million euros across all activities. The group has a presence in 12 different countries with 15 production sites and a distribution network of 12 subsidiaries. It produces and distributes its own portfolio of premium brands: Mamont Vodka, Mozart Liqueurs, Austrian Schlumberger sparkling wines, Château Mukhrani, Tamada, Old Tbilisi and Vismino (Georgian wines), Mossburn and Torabhaig Scottish whiskies, Mezan rum, Akashi-Tai sake, Hatozaki Japanese whisky and 135°EAST gin."
https://ch.linkedin.com/company/marussia-beverages

They also cover USA, so maybe FINALLY we will get USA Distribution going!!

"Since 1992, the team has launched and created powerful sales and marketing programs by collaborating with wine and spirit partners to build brands in the US market. Portfolio includes such brands as, Hatozaki Japanese Whiskies, Mozart Chocolate Liqueurs, Barenjager Honey Liqueurs, Mamont Vodka, Mossburn Scotch Whiskies, STROH Rums, Schladerer Fruit Brandies, Lenz Moser Wines, to name a few."
https://www.linkedin.com/company/marussiabeveragesusa

https://marussiabeverages.co.uk/

I take it the distributor change idea came from RG. I wonder if he owns part of Marussia too?

"Part of the Swiss-based Marussia Beverages Group, Marussia is the UK's leading artisanal spirits business..."

It's nice to see DIS taking control and making changes that will hopefully boost DIS sales and profits, but the big return for investors still remains the sale of brands, a decade on we've not sold a single brand, so will we ever?

AFC has the Ammonia solution to muscle into the South Korea power market. Ammonia combustion is not the answer, cracking it and putting the Hydrogen through Fuel Cells is the answer.

South Korea sets targets for hydrogen & ammonia power generation
By Julian Atchison on November 24, 2021
https://www.ammoniaenergy.org/articles/south-korea-sets-targets-for-hydrogen-ammonia-power-generation/

Japan has similar plans, and AFC should be targeting there too.

Also see this. The 3 companies may well be interested in AFC's products.
https://www.reuters.com/business/energy/south-korean-companies-build-1-bln-green-hydrogen-plant-uae-2022-06-03/

Maybe AFC can resurrect or recreate some of the deals done a long time back. The interest in Fuel Cells in South Korea has always been huge, and the money is there too.

https://www.proactiveinvestors.co.uk/companies/news/45400/afc-energy-looks-to-east-asian-market-with-new-south-korea-office-54169.html

https://www.investegate.co.uk/afc-energy-plc--afc-/rns/landmark-agreement-signed-in-south-korea/201407170700085512M/

https://eepower.com/news/1-billion-of-british-fuel-cells-to-be-deployed-in-south-korea/

This time it would be minus the hype though, as this time we have the products to deliver what we claim.

taskmaster,

Ah the usual baseless dismissive tosh. No point talking to you if all you want to do is twist things around to suit your pointless argument. I've stated the facts, if you don't like the facts about Tanzania being an emerging country (emerging from 3rd World slowly becoming 1st World) then don't invest in them, simple. Shouts of greenwashing are pathetic and baseless in the case of Tanzania, as I'm sure you well know.

PS

It's not a fossil hedge. I've held AEX stock way longer than I have AFC. When I invested in AEX the words Fuel Cell and EV were for lab technicians not investors. As with AFC and every other stock I own, I follow the story from start to finish, I don't 'hedge' anything. I have always said that AEX would come good, and just like Warren Buffett I keep my holdings until companies do make it.

As I just said, Gas in Tanzania will significantly reduce it's emissions.

You can't compare Gas in Tanzania (just above 3rd World countries) with EV's (being sold to the rich in first World countries. Just like you can't compare buying iPhones in London with buying fish from hunters in the Amazon jungle.

taskmaster,

They are carried for $35m of drilling in Tanzania. The drilling is to bring it's Ruvuma assets to Gas production with multiple wells. 3D Seismic over the area is well underway (possibly finished) to establish the most accurate well placement. Drilling the first well is planned for November. 3D results could increase the resource figures prior to drilling. So, fully funded to commercial gas in 2024. Currently held down by the overhang from it's placing earlier this year, but once clear of that I'm looking at it being many multiples of the current valuation. Another one I'll be adding a load more of when my money arrives.

I'm sure the con men will post garbage about me investing in Gas, when I tell them to buy EV's, but the fact is, local Gas production will significantly reduce Tanzania's current CO2, Particulates, NOx, SOx and other emissions, where loads of power currently comes from oil and diesel. So it's a big move in the right direction. Once they build their LNG plant and get income from the massive international gas sales, they can start investing in Solar, Hydrogen, etc.

Sales of only one type of car were up in June, Battery Electric Vehicles (BEV), with ALL other types down.

Its great to see the UK ditching polluting vehicles, even PHEV and HEV, in favour of 100% electric vehicles.

I can see the AFC EV Chargers doing very well with demand shifting by the month.

Stats:
https://www.smmt.co.uk/vehicle-data/car-registrations/

P.S

Be sure to read the financial figures that show thee Hydrogen Fuel Cells model to be the clear winner on cost savings!!

The stinking low life rats are still all over the ship, still trying to sink it, but they forget that the ship still had a year cash balance of £48,600,000 at end of April 2022 and will therefore be here a long while yet. Well within In that timescale it will see commercial sales of it's Power Tower and S Series into several market.

Anyone talking down AFC at this price can only be doing so while they load up, no other option makes any sense.

As many on here spend the entire day having a tug while posting baseless garbage, here's an ABB Fuel Cell Tug to balance things out!

"Figure 10 showcases the utilization of seven 200 kW fuel cell modules for most of the power required and battery for the peak loads."

https://library.abb.com/d/9AKK108467A0435

The diagram shows 6 x 200kW not 7, whereas the text says 7. This coincides with AFC's image of it's Marinised Container on page 13 of the AGM Presentation, where the diagram text says 3 or 4 x 200kW per container. So 2 containers could hold 6, 7 or 8 x 200kW units.

https://www.afcenergy.com/media/h2rjqfwx/afc-energy-agm-presentation-7-april-2022-_final.pdf

ABB has announced that Microsoft has joined its Energy Efficiency Movement. Launched in March 2021 by ABB, the #energyefficiencymovement is a multi-stakeholder initiative to raise awareness and spur action to reduce energy consumption and carbon emissions to combat climate change. Companies are invited to join the movement and make a public pledge as a way of inspiring others to take action. Microsoft represents one of the largest corporate partners to join the initiative to date.

“Microsoft is joining the ABB Energy Efficiency Movement to help accelerate global progress on energy efficiency and carbon reduction,” comments Elisabeth Brinton, Corporate Vice President Sustainability, Microsoft. “Microsoft is committed to become carbon negative by 2030 and 100% powered by renewable electricity by 2025, and these goals are well aligned to both ABB and the Movement’s aims.

ABB has also committed to help its customers in reducing their annual CO2 emissions by at least 100 megatons by 2030, the equivalent of removing 30 million combustion cars from the roads each year. With partners like Microsoft, Deutsche Post DHL Group and Alfa Laval, the ABB Energy Efficiency Movement brings together an ecosystem of like-minded industry leaders to accelerate efforts in decarbonisation.

https://dcnnmagazine.com/news/abb-microsoft-low-carbon/

Yet if anyone takes a look:

AFC -5.6%
CWR -4.8%
ITM -7.1%

So the results RNS has had no real effect on the AFC share price, it's a market drop, not a drop on results.

Half year cash balance of GBP48.6m, plenty of money for years, with sales lift off this year, genuine investors have no worries here.

Excellent news on many fronts. Systems going out all through the rest of the year, plus as AB says:

"We continue to assess our manufacturing scale up and supply chain and are preparing for growth in system production and deployment. The Power Tower, whilst currently focussing on Hydrogen fuel, will also be able to meet the demands of clients for Hydrogen carrier fuel compatibility later this year with the integration of methanol reformer technology. We believe, based on market feedback, that this will lead to an increase in the number of systems deployed and also the size of those systems.

"Our robust cash position enables us to continue to invest in our people, products and technology platforms to maximise our potential within the global clean energy space. The macro environment of high global energy prices and drive for enhanced energy security and independence continues to create a compelling environment for accelerated growth of the global Hydrogen market and we remain focused on delivering tangible deployment expectations for the full year."

"Creation of new technology platforms upstream of the fuel cell for wider value chain exposure."

Upstream means Hydrogen Production technology, for example an Electrolyzer, Ammonia Cracker, Methanol Reformer, etc.

I put before you the following evidence that backs up my case for AFC to only be working with companies 100% committed to implementing our Fuel Cells.

Adam Bond said in today's RNS:

"We are carefully selecting strategic partners that have a pressing need and desire to lead in the decarbonisation of their industries in line with Net Zero aspirations.."

Not clients, strategic partners, look up the difference if you don't know what it means.

Could alternatively be due to EV Charger config, as these will be supplied by ABB from existing production and it might have made more sense to install it on the other side?