Member Info for haggismchaggis1

North Sea Oil Production Could Fall By 80% By 2030

https://oilprice.com/Energy/Crude-Oil/North-Sea-Oil-Production-Could-Fall-By-80-By-2030.html

Add to that:

Tsunami' of industrial action to hit North Sea oil and gas industry

A 'tsunami' of industrial action is to hit the oil and gas industry as 1350 offshore workers are predicted to bring dozens of platforms to a ‘standstill’ in the biggest offshore stoppage in a generation.

Workers will commence 48-hour strike action to demand a better deal on jobs, pay and conditions on April 26, with companies including BP, Shell and Total assets affected.

https://www.dailyrecord.co.uk/news/scottish-news/tsunami-industrial-action-hit-north-29656043

BB3,

Yes! Cantor had a target price of 77p. and AFC subsequently reached a high of 92p on 29/12/2020.

People should take note of what brokers say. ii's do, that is why there are 43 ii's holding 22.29% of AFC stock between them.

UJO has a lot going for it for long term investors looking for a safe place to put some money, including ii's.

The current MCap of £29m is crazy low (should be at least £60m-£70m I think)
Continuing profit stream and no debt
Dividends being paid
The free float of stock is being reduced (it does not matter if they don't cancel the stock, it is less stock in the supply/demand balance, tighter supply, just like oil, means bigger rises)
Organic growth
More potential for growth through investment
If they want cash for investment, rather than do a costly placing or open offer, they can just offer the stock that's in treasury to an ii. This means that chunk of stock is still not in the free float and unlikely to go there near term, and there is no dilution for PI's to have a panic attack over. No point cancelling shares and then diluting later at a discount and at a cost.

This site breaks the URL's, so copy and paste the complete URL, than save in your favourites once on the page.

This is a good site for Satellite view, it updates every 2-3 days. Just change the date at the top to update it, highlighted dates are the one's where the Satellite has passed over and captured new images.

It's a bit cloudy on it's last pass yesterday but you can see both dry docks next to Leandra are in use:
https://apps.sentinel-hub.com/sentinel-playground/?source=S2&lat=39.50389721510402&lng=121.40001297040726&zoom=16&preset=1-NATURAL-COLOR&layers=B01,B02,B03&maxcc=100&gain=1.0&gamma=0.8&time=2022-10-01%7C2023-04-06&atmFilter=&showDates=false

Here's a clearer image from 1 April where you can see an empty dry dock, and in the image from the above link you can see a vessel is now in that dry dock. So it is updating OK.
https://apps.sentinel-hub.com/sentinel-playground/?source=S2&lat=39.50389721510402&lng=121.40001297040726&zoom=16&preset=1-NATURAL-COLOR&layers=B01,B02,B03&maxcc=100&gain=1.0&gamma=0.8&time=2022-10-01%7C2023-04-01&atmFilter=&showDates=false

"Peel Hunt is maintaining a buy rating and target price of 195p."

https://www.proactiveinvestors.co.uk/companies/news/1008596/afc-energy-getting-good-feedback-for-hydrogen-generator-says-peel-hunt-1008596.html

Zeus Capital
"We will review our long term valuation which was in excess of 180p per share post results."

https://shorturl.at/fMPS8

That is Peel Hunt at £1,468,350,000 valuation and Zeus Capital at a minimum of £1,323,000,000 valuation, which makes the current valuation of £150m DIRT CHEAP.

These valuations are real published FACT, not some fiction made up by a shorter to try and justify his short position.

Brokers do the research and DCF valuations to calculate a price for the stock, the do not pluck a price from the air and then posts baseless garbage and years old info to try and justify that price, that's what shorters do.

I see sponger is still digging a hole with his baseless ridiculous fiction and pathetic insults. Keep on posting, because every post just adds to your zero credibility.

You should have realised by now that your pathetic insults of my intelligence get you nowhere but ignored by everyone else, apart from the other AFC bashers that just love another crook on the board, and nobody is swayed by them either.

I post facts, you just post disinformation, everyone knows it, so you carry on being delusional in thinking you are winning some kind of game on here, because there is no game, there's fact and fiction, and all you have is fiction, and posting pathetic insults does not turn fiction into fact in anyone's minds.

Multiple news items possible:

https://www.investegate.co.uk/aminex-plc/rns/strategy-company-ops-update/202303020700035799R/

How many weeks do you think the pipeline will take to construct?

I am not asking when you think it will start, only how many weeks to construct. From this we can then look for the furthest time that the pipeline could start in order for it to still be completed for first gas in October, as advised by AEX/ARA.

Here's my thoughts on it:

The pipeline is 35 Kilometres long, which in old money is 21.748 Miles. The land will be vacated ahead of the construction, leaving a clear path for construction.

The image on the following page is from the Kinyerezi spur, so could be quite similar in size and depth to ours. (the image name is GASKINYEREZI-780x470.jpg)
https://dailynews.co.tz/tpdc-embarks-on-final-process-to-compensate-255-people/

Looking at the image there is:
Delivery of piping along the route.
Digging the trench and levelling the base.
Welding the pipe sections together in movable pipe runs.
Lifting the welded pipe runs into the trench.
Welding the pipe runs together.
Completing the connections at the ends of the pipeline.
Testing the competed pipeline and remediating any issues that might be found.
Filling in the trench.

Delivery can take place as soon as the piping is available, it doesn't need to wait for pipe laying to start, so that time does not need to be counted.
I'd have 10 excavators and rollers each working on a 2 mile stretch of trench and taking 10 days to complete their section.
If they then welded and laid half a mile of pipe per day, that would be 44 days to lay the pipe. (I'm sure this could be done a lot faster, but going very conservative here)
Add 10 days to complete the ends and testing, and 5 days for any remediation.
Filling the trench, 10 diggers and rollers again, 5 days to complete.

That gives me 10 + 44 +10 + 5 + 5 is 74 days or 11 weeks.

To have the pipeline in for first gas on 1st of October, the furthest they could start the pipeline based on those numbers is 17 July. To complete by 31 October it would be 14 August.

So by my *** packet calculations TPDC's contractor will have a minimum of 15 weeks to start the work in order to complete it by 1st of October, or 19 weeks to complete it by end of October.

It is 7 weeks to 1st of June, past the May rains. So from then they would still have 8-12 weeks in which to start.

Based on the urgency that TPDC are moving on this, I am very confident that the pipeline will start in time, and will be completed in time for first gas in October.

Contrary to the rubbish spouted by certain crooks that we are all aware of on here, AFC has 43 ii's holding its stock.

43 ii's that have done their significant due diligence on the company, the CEO and other Directors, the salaries paid to Directors, done the DCF and Relative valuations, examined the current and forecast revenues and profits, looked at the products and markets, looked at the partners and clients, and much more.

Who would you say is in the best position to determine whether AFC is a good investment, these 43 ii's with their significant due diligence, or a bunch of crooks on here that post baseless claims and valuations plucked from the air just to suit their own trading position?

Major holders
21.60% % of shares held by all insiders
17.48% % of shares held by institutions
22.29% % of float held by institutions
43 Number of institutions holding shares

https://uk.finance.yahoo.com/quote/AFC.L/

I've been here over 10 years too, and I'd say we are in a great position to succeed.

When we had Maersk LONO running and Saudi power trial almost starting, it looked like we were going to make it, and we all know what happened there.

But this time it feels very different.

The MSC CEO is actively promoting bioMSAR and MSAR with JM at conferences and no doubt in private discussions too. He's also sneakily bought the MSAR test vessel and it's sister, is investing tens of millions (over $100m IMVHO) into getting LONO. He looks to be a man on a mission, not just testing the water.

Maritime Transport Efficiency Conference:
"Prabhat Jha, went on to highlight MSC’s partnership on a proof of concept with fuel supplier, Quadrise, to use cleaner and more efficient fuel. MSC will trial the use of Quadrise’s oil-in-water emulsion fuels (MSAR and bioMSAR), which produce 25% less NOx and lower CO2 emissions."

A lot of that enthusiasm by PJ is undoubtedly due to the Carbon reduction available from bioMSAR, which we didn't have when the Maersk trial was running, if we had that back then maybe Maersk would have had the impetus to finish the trial.

Morocco is now further ahead than Saudi, as the fuel is on site and just waiting for the client to commence manufacturing of its next production batch this month. That is down to the significantly reduced complexity of dealing with just one party, not several huge entities as was the case in Saudi.

Once Morocco proves MSAR and bioMSAR, and commercial supply agreements are signed off, QED will send the test results to every other power client waiting in the background, and more will quickly step forward to do their own trial, knowing that the risk of failure is greatly reduced, and that the product is commercially acceptable.

MSC LONO success will surely be followed by as quick a rollout as MSC can effect with their suppliers and logistics. As with power, the risk level for other shipping companies looking at bioMSAR and MSAR plummets once MSC take the fuel commercially, the market will build itself.

The only thing nobody mentions on here is the GBP to USD exchange rate, which has risen recently.

I have no idea how often UJO convert the USD for oil sales into GBP, so it's a bit difficult to know what effect the exchange rate is having on the bottom line.

With the recent upgrades at Wressel we know we'll be getting a lot more $$$, just a little less £££ on conversion.

Telecom,

Resolution 8: Authority to allot new shares is done at pretty much every AGM for every company, it's standard practice to have that in place at the start of the year and is no different to previous years.

Look at the AGM notice for 2022 and the one for 2021.

https://www.afcenergy.com/investors/financial-reports/

Maybe upgrade the light to a 100MW Laser....

BB3,

It certainly is rather Secret Squirrel these days, but we know loads is happening, but NDA's in the way as usual.

All Secret Squirrel does is give free ammo to the con men to make up more fiction, keeping the price down.

Directors then benefit from that by continually being granted more options at low prices despite loads happening behind the scenes, so why would they care about telling us everything that's going on until they have no choice but to tell us?. Once everything is revealed by the RNS rules and sales of systems get going, the Directors can buy all their cheap options and instantly be sitting on big profits. If anything they'll be laughing at all the con men on here for helping to make them a fortune.

You'd struggle to find a better case of con men shooting themselves in the foot.

Eddie,

Oh you can be sure he knows that, but is just trying to fool investors with intentional misinformation.

It's easy to see matching trades by the number of shares, or where the cost is absorbed by the trade you can calculate the matching trades by the prices.

Brokers offer very close prices for bed and ISA, as it's just a movement of stock from one account to the other, but different brokers choose to do the trades differently, at either the BID or the MID or the ASK, so some look like buys, some as sells and some at unknown, but if you know it's bed and ISA time you know they are neither.

And there you go, the price corrected itself in the end. Very wide spread and the ISA moves done by different brokers at the BID, MID or ASK. No consistency at all, but you can see matching trades by the number of shares, or where the cost is absorbed by the trade you can calculate the matching trades by the prices.

wasarunner,

I can't see them being able to commit to the Modular DMS until the DFS and ML are place in June, as nobody goes ahead without a DFS, and can't go ahead without a ML.

That would mean that if they went brand new DMS it wouldn't arrive until mid 2024, which seems pointless, as building the full mine will be finished 6 months or so later.

Mid year is not really viable for the extra cost and work involved, might as well just wait a bit longer for the mine to be built.

"The project is expected to achieve its first production by early 2025"
https://b-tv.com/post/allif-investor-alert-atlantic-lithium-set-to-deliver-sustainable-lithium-for-evs-from-ghanas-first-lithium-mine-30s

If they want, as the CEO put it, to take advantage of the high Lithium price by using DMS, they would surely have to be looking at DMS off the shelf, or already being built, or refurbished, something they can get in really early in 2024 to take advantage of those high Lithium prices, to have sales revenues a year ahead of the current plan.

He's not just short on AFC, he's also short of intellect , short of brain cells, short of viewers as most have him filtered, and probably short of many other things that normal people take for granted.

Megawatt ABB and MAN charging.

1) Approached by international companies for Megawatt plus Ammonia Integrated systems.

2) ABB are an international company.

3) ABB deal includes Ammonia integrated systems.

4) MAN are also an international company.

Press release
"The company has been approached by international organisations regarding the possibility of full system integration at scales up to or in excess of 1MW."
https://www.afcenergy.com/news/press-releases/afc-energy-cracks-use-of-ammonia-in-alkaline-fuel-cell/