Member Info for haggismchaggis1

What a pointless irrelevant post that has naff all to do with the GLOBAL stock market drop.

We KNOW AFC are so very close to big sales, so stop posting rubbish like this.

CEO BLOG yesterday:

Last Thursday saw over 250 people, including Scottish Minister for Trade, Investment and Innovation, Mr Ivan McKee, witness the operation of our charger at the Michelin-Scotland Innovation Parc (“MSIP”). Several prospective customers travelled to Scotland especially to meet AFC Energy and witness the operation of our EV charger in real time.

Since the launch of our H-PowerTM EV charger three months ago, we’ve seen over 500 people visit the operation of the charger, in addition to the significant number of commercial enquiries received through phone calls and email from the UK and overseas.

Heath23,

LOL!!!

CWR down 42p which is about £60m off their MCap
ITM down 18.5p which is £87m off their MCap
PPS down 9p which is £60m off their MCap
AFC down 4p which is £18.5m off our MCap

Stop moaning, it could be FAR WORSE!!

And one day, probably more than one day you'll slip up and get it wrong and regret it forever.

ii's not it's!!

Once we have some sales in the bag, he could probably approach a dozen it's that would take the entire block off him in one go.

"An alkaline electrolyser will be installed on site, using rainwater to cleanly generate and store hydrogen ready for use"

So an option to add an AFC EV Charger for the fleet's smaller Vehicles.

For the first 12 months I should say, but it looks like he's keeping to that script.

RA agreed when he took the stock that after the lock-in period he would only dispose of any stock whilst maintaining an orderly market.

"Under the terms of the subscription agreement, Ervington has entered into a lock-in and orderly market agreement with AFC Energy, such that it cannot dispose of the New Shares within 12 months and for a further 12 months can only dispose of any New Shares in such manner so as to maintain an orderly market in the Company's shares."

https://www.investegate.co.uk/afc-energy-plc/rns/equity-investment-of--8-7m-by-strategic-investor/201210110700064386O/

A lot of people swing between bullish and bearish posts, to me it's a clear sign they are trading at least part of their holding if not all, selling at the top then moaning about spikes, the news flow, the CEO etc, posting thesame stories every time, as they hope to get back in at a lower price.

One day they won't because it won't drop back far enough, and they'll be REALLY peeved LOL!!

So it looks like RA has got disillusioned with the UK and got a great deal from Israel. Easy to see why he's been selling off his UK listed stocks.
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Chelsea owner Abramovich immigrates to Israel, becomes country’s richest citizen
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The move to Israel comes after Abramovich was unable to extend his visa in the UK amid a diplomatic spat between London and Moscow.
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As a new citizen, Abramovich is exempt from taxes in Israel on income earned abroad for 10 years, and need not declare the sources of that income for the same period.
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Abramovich’s British visa expired last month. His previous visa was granted before more rigorous regulations were instituted in April 2015. 
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Abramovich would have to explain the source of his wealth to receive a new British visa, according to reports. There is no evidence that Abramovich has done anything wrong, but the United Kingdom has scrutinized Russian businesspeople and diplomats more carefully since the poisoning of former Russian spy Sergei Skripal and his daughter Yulia in Salisbury, England, in March. Several Russian diplomats were expelled following the incident.
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Abramovich missed Chelsea’s Football Association Cup final victory over Manchester United at Wembley Stadium in London this month. He has owned the team since 2003 and has been present at nearly every game, until his visa problems began.

Andle,

Absolutely!

They also have options to upgrade to Ammonia at a later date, once they've proven it on Hydrogen, or as they increase the size of their EV fleet.

Mucksy,

You said "majority shareholder".

If they got to that point they might as well go the whole hog and buy the rest of the company off the minority shareholders, us.

Mucksy,

"I'm hoping that denora want a piece of afc and maybe they will only do as a majority holder"

In that case they'd buy it outright, and we would be given our money and told to take a walk.

Direct can mean held in their own name. Indirect can mean held in a fund or trust where they are a beneficiary.

muscorum,

One where an Ammonia cracker makes the cost of charging too expensive.

It's up to the accountants to work that one out, based on the cost of 'off the shelf' Ammonia crackers, plus Ammonia, plus cracker annua maintenance and wear part replacement.

Mucksy,

The SP is not being manipulated upwards, it's going up because of the news flow.

AB is just taking advantage by selling into the rise.

It's not just profit taking, AB is moving all his investment to Israel.
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https://m.calcalistech.com/Article.aspx?guid=3739208
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https://www.thisismoney.co.uk/money/markets/article-6823565/MARKET-REPORT-Roman-Abramovich-making-hay-holding-thats-not-exactly-household-name.html
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https://russiabusinesstoday.com/economy/roman-abramovich-sells-551mn-worth-of-nornickel-shares/

Able,

What you are clearly missing here is that I'm not trying to get AFC to change anything, I am saying that Ammonia won't be practical or financially viable on smaller systems, but where space is available and bigger systems will be used it can work, but is still a decision that the buyer will make.

Suppose a site is on an industrial estate where Hydrogen is available, but the nearest Ammonia is 60 miles away. It may still make sense even with a bigger system, to use the locally produced Hydrogen. The decision has to be for the buyer, as it is they that will be paying for the fuel.

Andie,

Why do you think AFC do a full independent HAZOP audit on their equipment?

Why do you think Hydrogen would suddenly leak? And why do you think the risk of a leak is any greater than petrol, diesel, propane/calor gas?

It's pretty clear to everyone building the Hydrogen Economy that there is a risk, and the point if independent HAZOP audit reports is to make the risk as negligible as possible.