Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Ignore the con man that waits for lse admins to go home for the week before posting more libellous market abuse garbage, knowing that it won't be deleted until the admins return on Monday and wake up after a dozen coffees.
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
It's still April for another 2 weeks. No guarantee we will be told when the trial starts, we might only be told when it ends or when the results are available. So no need to get stressed for at least a month.
"60mt of MSAR® and 10mt of bioMSAR™, together with the trial equipment are now all at Site B. Quadrise has now completed the site engineering set up and is concluding scheduling discussions with the client linked to its site production programme. The trial is expected to commence in April 2023, with the results available soon thereafter. Following a successful trial, Quadrise expects to enter discussions to conclude a commercial fuel supply agreement in Q2 2023 as planned."
Yeah, the multi login con men, talk it up for a month, then switch login and talk it down for a month. We know their game, we are not falling for it.
Long term has been shown to beat short term trading significantly, but some can't see any further than the end of their nose, they can't see the big picture so choose short term and then spend all their time trying to fool people about the share price direction in the hope it makes their trades pay off. What a sad life some lead. And with me it always leads to them being filtered.
The mutineers were so busy friggin in the riggin they missed the bottom at 0.4p. I hope they keep missing out, and that their attempts to talk it down continue to be in vein.
haggismchaggis1
3 Oct '22
Posts: 8,362
Price: 1.05
"CAROIL #3 rig: 1200 HP"
http://drillers.enligne-ch.com/mini_cv.php?code=50852dfd2291a2ce
Sakson (as posted a few posts back)
"The capacity of this fleet ranges from 1,000HP truck-mounted units to 3,000HP rigs"
https://www.dockstr.com/companies/5936-sakson-drilling-oil-servies
Here's hoping for a big beefy 2000HP to 3000HP rig!!
Rig PR3 2000 HP LAND RIG
http://sakson1.promolinks.com/services/drilling/rig-fleet/rig-PR3/
Rig PR4 2000 HP LAND RIG
http://sakson1.promolinks.com/services/drilling/rig-fleet/rig-PR4/
Rig PR5 2000 HP LAND RIG
http://sakson1.promolinks.com/services/drilling/rig-fleet/rig-PR5/
Rig Sk 501 1500 HP LAND RIG
http://sakson1.promolinks.com/services/drilling/rig-fleet/rig-sk-501/
Rig SK 601 2000 HP LAND RIG
http://sakson1.promolinks.com/services/drilling/rig-fleet/rig-sk-601/
Rig SK 602 2600 HP LAND RIG
http://sakson1.promolinks.com/services/drilling/rig-fleet/rig-sk-602/
Rig SK 801 3000 HP LAND RIG
http://sakson1.promolinks.com/services/drilling/rig-fleet/rig-sk-801/
PR 1 and SK 301 are only 1000HP so being smaller than Caroil 3 I have ruled those out.
ASK 1.23 vs BID 1.19.
.
Nothing like the advertised prices!
My post from 31/3 copied below:
The long term and short term charts, both looking great now. Clear sky to 55p now on the long term chart.
https://ibb.co/B2nchwN
https://ibb.co/rdN5W8H
No need to hope, there's a lot more to come based on the project fundamentals, funded mine, and potential to bring production possibly a year sooner using mobile processing plants. Then there's the Definitive Feasibility Study coming in June, the Mining License coming soon, big names to drop soon with signed offtake agreements, and Passive Seismic finds soon too.
As the boss said, the biggest 3 months in the companies history. He was referring to April, May and June.
Hiiroc
About time we got up to date with where Hiiroc are at.
04 April 2023
"Demonstrator deployed in 2022. Pilot units contracted for deployment through 2023 across a range of hydrogen use cases"
https://www.londonstockexchange.com/news-article/HGEN/annual-financial-report/15903553
Hiiroc and Jaguar Land Rover project:
https://www.gov.uk/government/publications/industrial-hydrogen-accelerator-programme-successful-projects/industrial-hydrogen-accelerator-programme-stream-2a-successful-projects--2
AFC Hiiroc agreement:
"AFC Energy is investing £100,000, payable in AFC Energy shares, into HiiROC's scaling up programme, which were allotted to HiiROC on 24 January 2020 conditional on admission to trading on AIM. AFC Energy also intends to make up to £300,000 of "in-kind" contribution to HiiROC over 12-18 months to support the development of a prototype unit."
https://www.investegate.co.uk/afc-energy-plc/rns/hiiroc-agreement/202001270700099316A/
So things are definitely moving ahead for Hiiroc with one demonstrator in place and more being put in place this year, suggesting all is good with their technology, otherwise it would have fallen at the first demo hurdle.
"Expected lithium price rebound to add further volatility"
While prices were still under pressure from weak demand, some market participants expected a rebound in the second half of the year, potentially adding more volatility to lithium prices in 2023.
“With resupply markets looking well discounted to futures, and demandthat’s going to support prices and push them up in the second half of the year,” Fastmarkets battery raw materials analyst Jordan Roberts said, adding that prices were not expected to return to the highs seen last year.
Fastmarkets from EV producers likely to soften in the summer, the overall curve does appear to want to bottom out,” Hoffmann said.
Fastmarkets’ researchers have forecast that prices for hydroxide would average $62 per kg in the third and fourth quarters of 2023.
“There are going to be some delays to supply coming online that were expected, and ’ battery raw materials research team has forecast that the global lithium market will be in a deficit of 68,900 tonnes of lithium carbonate equivalent (LCE) in 2023.
https://www.fastmarkets.com/insights/spot-price-volatility-drives-record-volumes-cme-lithium-contract
"Expected lithium price rebound to add further volatility"
While prices were still under pressure from weak demand, some market participants expected a rebound in the second half of the year, potentially adding more volatility to lithium prices in 2023.
“With resupply markets looking well discounted to futures, and demandthat’s going to support prices and push them up in the second half of the year,” Fastmarkets battery raw materials analyst Jordan Roberts said, adding that prices were not expected to return to the highs seen last year.
Fastmarkets from EV producers likely to soften in the summer, the overall curve does appear to want to bottom out,” Hoffmann said.
Fastmarkets’ researchers have forecast that prices for hydroxide would average $62 per kg in the third and fourth quarters of 2023.
“There are going to be some delays to supply coming online that were expected, and ’ battery raw materials research team has forecast that the global lithium market will be in a deficit of 68,900 tonnes of lithium carbonate equivalent (LCE) in 2023.
https://www.fastmarkets.com/insights/spot-price-volatility-drives-record-volumes-cme-lithium-contract
AFC have previously mentioned Fuel Cell power at Ports.
Now our client Mace have contracts with Associated British Ports (ABP) and Peel Ports Group Ltd (PPG).
“The new appointment will see Mace's Consult arm provide professional services, such as project and commercial management, across a multimillion-pound sustainable infrastructure programme over the next eight years.”
“Mace joins PPG's list of trusted suppliers at a time when both firms are working hard to reduce carbon emissions and tackle the climate emergency. Mace, which recently set an ambitious target of helping its clients to save 10 million tonnes of carbon as part of its responsible business plan, will help drive PPG's commitment to become carbon neutral by 2040.”
Sean Gray, Director of Transportation, Mace Consult, said: "Ports blend local benefits with global growth; add ambitious carbon reduction targets and an intelligent approach to infrastructure improvement, the legacy potential of this programme is clear. We can’t wait to begin delivering on the ground."
https://www.construction.co.uk/construction-news/295988/mace-awarded-another-major-appointment-in-the-ports-sector
So Mace will be able to specify AFC Energy Fuel Cell systems in projects, and promote them across UK Port infrastructure with two huge port infrastructure companies.
Those following PHE will know that Peel Ports Group Ltd is part of Peel Group that is working on Hydrogen from plastic waste with PHE. It is a huge group with fingers in many pies that could utilise AFC Fuel Cells in many locations and end uses.
https://en.wikipedia.org/wiki/The_Peel_Group
Wave bye-bye to Poop as we leave the station LOL!!
BB3,
Difficult to know what anyone would pay as it depends on availability in country, competition, etc.
Have a read of this.
https://www.chemanalyst.com/Pricing-data/ammonia-37
JM bought 8m yesterday, but there were 2x 8m so who bought the other 8m?
There were 2x 4m as well. I thought all trades were Bed & ISA but maybe they were all buys?
3rd highest riser, who'd have thought!
"Why are GenieFlex prices increasing??
Since the introduction of the Energy Bill Relief Scheme (EBRS) in October 2022, which was put in place to protect businesses against high wholesale electricity prices and market volatility, the price we have paid for electricity has been supported by Government. This has enabled us to pass on the benefit to our customers by keeping our GenieFlex tariff as low as possible. Unfortunately, on the 31st March, the EBRS scheme came to an end.???
We are actively working with our electricity supplier and government to find other solutions to mitigate against this significant increase in the price we pay for electricity and therefore will, as always, continue to keep this revised GenieFlex tariff under review.?"
https://drivers.geniepoint.co.uk/blog/update-to-GenieFlex
AFC's target price using Ammonia is 25p-30p/kWh, so it could power all of the Geniepoint chargers and others much cheaper than Grid power, and offer a price cut for those using the chargers. (think long and hard about the implications of that).
"Roughly two-thirds of the price of [fuel cell] electricity derives from your fuel. Anything that is more efficient or can accept a lower and cheaper grade of hydrogen will give you a preferential or lower energy price," Bond said.
Feedback on PEM fuel cells trialed on construction sites in the UK and Europe showed the fuel component of generation costs at between GBP1.40-1.50/kWh due to exorbitant hydrogen transportation costs.
"They could not make this work financially. What we're targeting is about 25 to 30 pence per kWh for ammonia – it's that big a difference. Fuel is the dominant factor, that is why the likes of Maersk are coming out and saying shipping will move to ammonia," he said."
https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/electric-power/051021-uk-fuel-cell-company-afc-energy-targets-20-billion-diesel-genset-market
Maybe some of this will rub off on the Asia markets overnight and then the UK and EU markets tomorrow:
"Nasdaq 100, Dow Jones, S&P 500: Tech Stocks Surge in Anticipation of Fed Rate Hike Pause"
https://www.fxempire.com/forecasts/article/nasdaq-100-dow-jones-sp-500-tech-stocks-surge-in-anticipation-of-fed-rate-hike-pause-1336062
If the client had any interest in putting in electric kilns it would have done it long ago instead of going with QED.
Also, the type of Kiln has to fit the job it is performing. Electric only appears on the indirect fired rotary kilns, so if the client uses and needs a direct-fired rotary kiln it can't use an electric one. Check out the typical processes that each are suitable for.
Rotary Kilns:
In a direct-fired rotary kiln, the burner is situated inside the kiln body, that is, inside the reaction chamber. The material is heated directly by the burner flame and the stream of hot gas produced by the burner. These kilns are usually lined with refractory (heat-resistant) material so that they can be operated at higher temperatures than kilns with plain metal tubes. Directly fired kilns are highly robust and easily scalable and can be used to achieve high throughput rates with relatively low production costs.
Facts & Data
Temperature range: 100 – 1,550°C
Residence time: 15 – 180 minutes
Reaction modes: continuous, batch, co-current, counter-current
Typical Processes: calcination , sintering , reduction , oxidation and drying
In contrast to directly fired kilns, indirect fired rotary kilns (also called rotary calciners) are equipped with natural gas burners or electric heating elements located outside the reaction chamber, so that the heat is transferred to the interior through the kiln shell. This arrangement makes it easy to operate the kiln with a controlled gas atmosphere in the reaction chamber (e.g. inert or reducing). Because combustion gases are kept out of the reaction chamber, the gas volume flow in an indirectly fired kiln is generally lower than in directly fired kilns. This means the indirect rotary kilns are excellent for treatment of very fine powders. They are also easier to clean, so that cross-contamination of materials can be more effectively prevented.
Facts & Data
Temperature range: 100 – 1,400°C
Residence time: 15 – 180 minutes
Reaction modes: continuous, co-current, counter-current, batch
Typical Processes: pyrolysis, calcination, reduction and surface treatment of catalyst supports
https://www.ibu-tec.com/facilities/rotary-kilns/