Member Info for haggismchaggis1

Price catalysts:

Utah supply of a license and MMU EXPECTED TO CONCLUDE SHORTLY. Conclusion of the Valkor Licence Agreement would deliver commercial revenue in the current financial year (which ends on 30 June, so license revenues within 3 months!)

Tripartite Agreement between the supplier, MSC and Quadrise AS SOON AS POSSIBLE for POC

Morocco trial EXPECTED TO COMMENCE AND COMPLETE in April

Morocco CONCLUDE a commercial fuel supply agreement in Q2 2023

Americas Test Agreement TO BE FINALISED during Q2 2023 ahead of a site trial

HAZOP on bioMSAR EXPECTED TO COMPLETE in Q2

bioMSAR Zero, Aquafuel results EXPECTED IN EARLY Q2

LONO trials in H2, could start immediately after the Leandra leaves dry dock and sails to the port where it can load the fuel.

QFI have obviously spoken to ii's already and been told they will get the backing. No need for PI's to be involved in what will only be a small fund raising.

"The Directors have determined that the continuation of the Group as a going concern is dependent upon successfully raising sufficient funds in the short term, and that they have a reasonable expectation that such funds will be raised, although no binding funding agreements are in place at the date of this report."

Pretty much all car manufacturers have already put in place plans to go 100% EV's by 2030 or 2035. Some like Porsche want to still make fossil fuel cars, but they are going to be a tiny percentage of production globally by 2035.

The EU ruling has far bigger implications for all of the fossil fuel vehicles that are still on the road now and sold right through 2035. Millions upon millions of vehicles.

If, and it's a big if, bioMSAR or the new zero emission fuel QFI are testing in Q2 should subsequently be tested and proven in vehicles, then it opens up a massive market for said fuel.

"Despite the immediate and cost-effective carbon reductions that bioMSAR(TM) can offer we recognise that the requirement for net-zero carbon fuel solutions is becoming increasingly urgent. Our RDI strategy is now focused on the delivery of a commercially viable net-zero 'bioMSAR Zero' solution by 2030. As part of this exercise, we continue to work with Vertoro and other strategic partners to investigate the use of crude sugar oils (CSO(TM)) and associated waste biofuel products as an alternative water-based, lower cost, and abundant biofuel feedstock for bioMSAR(TM). This work has now successfully progressed to diesel engine testing at Aquafuel, with results expected early in Q2 2023."

And in a instant his credibility falls even further below zero.

CitigroupTrader,

Precisely!!

If they didn't raise cash at some point, then they would have to hold back on one or more projects whilst they got the others to commercial revenue. So from an investors perspective it's far better to raise a bit of cash and keep all projects progressing.

I do not see any reason to be anything but positive from today's RNS.

Multiple share price catalysts are looking to happen before H1. So a higher price for any fund raising that QFI do in early H2 IMVHO.

"Quadrise expects to complete the site trial in Morocco, conclude a Licence Agreement with Valkor, complete a HAZOP for marine bioMSAR(TM) use and progress tripartite discussions with MSC and a feedstock supplier during Q2 2023. Conclusion of the Valkor Licence Agreement would deliver commercial revenue in the current financial year"

Panic selling at the slightest mention of fund raising is typical of some investors, but not me, as I can see that the fund raising is not going to happen tomorrow, it's going to wait to after the aforementioned news.

How about MSC or Valkor as a strategic investor? That would certainly bolster the share price.

I'm sure everyone can now see why Robin moved to AFC. He was likely well aware of the ABB testing of the S Series, and of how huge the ABB pipeline already was for the S Series, which would get a lot bigger once the system was validated. He's got sense, because ABB are selling it for him.

7 March
Appointment of New Business Development Manager
AFC Energy (AIM: AFC), a leading provider of hydrogen power generation technologies, is pleased to announce the appointment of Mr. Robin Koeken as Business Development Manager at AFC Energy.
Robin joins AFC Energy from ABB where he was European Head of Data Centre Solutions based in the Netherlands, and before that, he was ABB's Global Account Manager for large international cloud providers based out of San Francisco.

I also said that I expected an S Series update before the results RNS. That's at least 5 points to me so far today based on the RNS's and nil point to the con men.

Seems my predictions are still way better than the garbage spouted by the con men DW gang, Garmoan, Dazaster, Ade, etc etc.

There's a reason ABB are putting another £2m into AFC stock, the clueless Von men can't work out why so I'll give them a hand....

ABB KNOW THEIR OWN SALES PIPELINE

I also said that the S Series sign off would quite possibly come with an order from ABB for multiple systems, as they have clients waiting for these. And that is pretty much what the 10 systems is telling you, that ABB have at least 10 urgent deployments waiting for these systems, with no doubt a long list of deployments that are not urgent but that ABB staff can now work on to conclude sales.

Said so..... (Some will get this joke)

I said that the S Series 100kW was probably delivered on time in late 2022, it was, in October, yet the con men like the DW gang and Garmoan, Dazaster etc will continue to claim that AB misses deadlines when yet again he has hit and possibly even exceeded the deadline that they set, how many more times does AB have to prove it before they stop their lies?

180p or 195p, you can pretty much say they agree that AFC is heading for a valuation 9x it's current one.

"Investment view: This collaboration further endorses our view that AFC is well placed in the drive to replace diesel generators in multiple markets. We continue to believe the long term opportunity for AFC remains vast, and this latest collaboration should confirm the growing interest in its technology from leading players in the construction/infrastructure industry. We will review our long term valuation which was in excess of 180p per share post results"

https://www.***************************/afc-energys-long-term-opportunity-remains-vast-says-zeus/4121069453

"AFC Energy PLC (AIM:AFC, OTC:AFGYF, ETR:QC8) has been maintained at 'buy' with a 195p price target by analysts at Peel Hunt following news one of its H-PowerTower fuel cells is being operated by contractors on the HS2 Euston Station construction site in London."

https://www.proactiveinvestors.co.uk/companies/news/999330/afc-energy-gets-repeat-buy-from-peel-hunt-following-news-of-h-powertower-fuel-cell-contract-999330.html

The 100kW is now available for sales to anyone. We have a pending one to Juelich so maybe that one next. It also suits Altaaqu so hopefully their distribution agreement will now be signed off, plus AFC will have a load of clients that have been patiently waiting for this system, so I for one expect orders to now start flowing in.

“ The results of the initial 3D seismic processing and interpretation, to optimise the target location of the CH-1 well at the Cretaceous reservoir level, will be available by mid-March. Following a review by the Operator, the CH-1 well will no longer target the lower Jurassic zone. The processing of the seismic data is more than 80% complete."

I would not be surprised to see that CH-1a has moved to the right to hit the thickest part of LOBE 3 which is the one already proven by NT-1 and NT-2 but would be way more pay zone than both of those added together, like 2x to 2.5x those combined, so maybe looking at 50mmscfd from it.

Basically, the Tanzania Government want as much gas as possible, so drilling into LOBE 3 at it's thickest point would give them that, it would be the most risk free and optimum location to drill as a production well.

The old CH-1 well (now CH-1a) was planned by AEX, which meant it was targeting the next trap up-dip, thus still an exploration well to test if the gas has moved up to the next trap, and possibly the oil. But the Tanzania Government want production prioritised, so I see ARA maybe going for LOBE 3 again.

See page 12
http://admin.aminex-plc.com/uploadfiles/2022%20AGM%20Presentation.pdf

60mmscfd, rising to 140mmscfd.

"Commitment by the TPDC to construct a 30 km pipeline as soon as possible to tie the Ntorya gasfield into the existing Madimba processing and pumping station."

"The incorporation of three producing wells - CH-1, NT-2 and NT-1, the latter of which will be worked-over after the drilling of CH-1 to repair a minor leak in the casing string."

"The three wells are expected to produce at least 60 mmscfd in aggregate."

"The estimated gross capital budget for 2023, which has been approved by the joint venture partners, is US$30.8 million, includes the processing and interpretation of the 3D seismic data, drilling and testing of CH-1, re-entry and work-over of NT-1, together with the purchase of the necessary manifold, flowlines, fiscal meters and hook-up system to facilitate early production."

"Early production success, from the initial three well development, will see the drilling of up to five additional development wells taking the expected field gas production to rates in excess of 140 mmscfd, as previously reported."

https://www.investegate.co.uk/aminex-plc--aex-/rns/ruvuma-operations-update/202211010723008758E/

And apart from operating costs, AEX has massive tax losses to put against the revenues, so will be a highly profitable company.

HY,

Plus: "In the event that the minimum production target of 40 MMcf/d is achieved prior to Aminex's 25% interest having been carried for the full $35 million, APT will assign one quarter of its share of profit gas to pay the unspent Carry amount until the full $35 million is realised by Aminex"

HY,

Thanks for the info, very useful to know!

And another 500,000 at 11:55.

Directors buying more??

Someone bought pretty much half a million shares at 11:42am. That's a big chunk!

Scrap those figures, I forgot to convert the AUD to USD. Here's my new figures:

Liontown DFS vs ALL PFS:
.
Liontown:
NPV AU$4.2 billion
23-year mine life
Capital costs AU$473 million
Payback period of 2.3 years
Free cashflow of AU$12.2 billion.
At Roskill's US$1,392/t FOB for SC6.0 product
.
Atlantic:
NPV of US$1.33 billion
IRR of 224%
12.5-year mine life
Capital costs of US$125 million
Payback period 5 months
Free cash flow of US$2 billion
At the higher longer-term average SC6 price of US$1359/t
.
AU$12.2Bn is US$8.16n
.
Based just on the free cash flow and ignoring the slight difference in SC6 price and CAPEX, All returns 24.51% of what Liontown does.
.
If Liontown is worth AU5.5Bn, then 24.51% of that is AU$1,348m which is £730.97m or 120.6p per share.
.
And the offer "substantially undervalues Liontown".

Liontown DFS vs ALL PFS:

Liontown:
NPV $4.2 billion
23-year mine life
Capital costs $473 million
Payback period of 2.3 years
Free cashflow of $12.2 billion.
At Roskill's US$1,392/t FOB for SC6.0 product


Atlantic:
NPV of US$1.33 billion
IRR of 224%
12.5-year mine life
Capital costs of US$125 million
Payback period 5 months
Free cash flow of US$2 billion
At the higher longer-term average SC6 price of US$1359/t

Based just on the free cash flow and ignoring the slight difference in SC6 price and CAPEX, All returns 16.39% of what Liontown does.

If Liontown is worth AU5.5Bn, then 16.39% of that is AU$901.45m which is £488.68m or 80.64p per share.

And the offer "substantially undervalues Liontown".