Member Info for haggismchaggis1

MSC have zero interest in QFI's financial position. Our BoD, if required to, will have stated clearly that they have plenty of cash to get to the point of revenues from Morocco, UTAH and potentially something Americas. They also can easily provide evidence that they can and have, easily raised funds when required.

Don't overthink things, it can easily lead to the wrong conclusions.

DW's favourite company ITM, which he tells us is so much better than AFC and has been doing so for years, but he doesn't appear to hold their stock or spend even a second of his time slating their CEO or complaining about their missed targets. Maybe the 30% staff (costs) cut will free up some staff to fill those AFC vacancies.

ITM Power PLC

("ITM" or the "Company")

Interim Results for the Six Months to 31 October 2022 and Strategic Update

Interim results summary

-- Revenue GBP2.0m (H122: GBP4.2m)
-- Adjusted EBITDA loss GBP54.1m (H122: GBP12.9m) *
-- Net cash at the end of the H123 of GBP317.7m (H122: GBP164.2m)

-- Majority of Leuna project revenue deferred due to delays and changed delivery model

* Adjusted EBITDA is a non-statutory measure. The calculation methodology is set out in the Note 3

Strategic update: 12-month priorities to solidify our foundations for growth

-- Concentrating our portfolio on a core product suite, with robust product validation, and preparing for manufacturing at scale

-- A rigorous approach to capital allocation and cost management, including a headcount reduction equating to a 30% (GBP9m) annualised saving on personnel cost, professionalising engineering and manufacturing, and increasing control over spend

-- Plans for future testing capacity and incremental automation, improving cycle times, volume output and build quality

Agreement with Vitol to review strategic options for their joint venture Motive Fuels Ltd

-- Options to be considered by the shareholders range from the sale of the business to discontinuing activities, and are subject to appropriate consultation

-- This is intended to save ITM Power c.GBP28m to be rerouted to our core business
Financial guidance for FY23

-- As previously announced, materially changing earlier guidance
-- Full-year revenue now expected to be c.GBP2m with further revenue deferred into the next financial year

-- Adjusted EBITDA loss expected to be in the range of GBP85m to GBP95m

-- Net cash at year-end expected to be in the range of GBP245m to GBP270m

Now to wait and see if it's still there in a few days.

Hmmm not quite awake yet!

Surprise RNS .... not!

Surprise email .... Not!

Don't tell me Tom B***sh** is shorting QFI LOL!

Do what anyone with sense does, which is the opposite of what he says.

News on that 2nd fuel batch passing through customs could come any day, so it's definitely not a time for shorting a company that's already massively undervalued at a paltry £19m

It's scum like TB that try to destroy British small companies before they get off the ground. I hope the scum loses a fortune.

HF14 is well known to talk his own book. I doubt he's shorting as he hasn't got the kahuna's for that, he's just sold out hoping to buy back cheaper, as he's bdone many times, and every time it's obvious he's done it because his posts instantly become full of subtle deramping (click on his name and check his posting history, it's all there).

DaProphet,

You are clearly confusing the local Noel-Nothing with someone else. The local Noel-Nothing is just full of BS like every other shorter, plucking figures from the air and then claiming it's what they see on the chart, when anyone that has ever drawn trendlines on a chart knows full well he's talking out of his rear end.

Wentworth RNS:

"Prospective resources shown relate to the Jurassic Chikumbi Prospect which lies below and separate from the Ntorya development"

1U 399 BCF
2U 936 BCF
3U 1,798BCF

https://www.investegate.co.uk/article.aspx?id=202206130700075639O

Now suppose 3D found a few of these Jurassic targets across the License. I wouldn't call that unexpected based on the slope channel geology.

Also note the ** next to that figure on the chart, and the corresponding footnote:

"** Internal Operator estimate excludes deeper Jurassic potential to be tested by Chikumbi1"

The 3D could have picked up a few Jurassic targets across the Ruvuma license area, which is one reason why I eagerly await the 3D Seismic update.

NM,

See slide 11 of this Aminex presentation:
http://admin.aminex-plc.com/uploadfiles/2022%20AGM%20Presentation.pdf

You can get Auditors with three tops off Cornflakes boxes, and most of them work about as effectively as the plastic toy you could have had instead, but are a requirement for a listed company.

Nothing I'd be concerned about especially as it coincides with the Tender date.

Of course the gobsh**e isn't correct. His claims were said to be based on the chart, yet he doesn't have a clue how to do technical analysis which is why he's never posted his supposed chart.

He's just got lucky that QFI have had trouble getting the fuel through Morocco Customs, there was no skill involved, no intuition, no credible knowledge of anything.

Even a broken clock is correct twice a day!

On here it says it's en route to KHALIFA BIN SALMAN. This is Bahrain. Due there tomorrow morning.

https://www.myshiptracking.com/vessels/msc-leandra-mmsi-255803590-imo-9313943

Earsbern, yes looks too small.

MSC Leandra
Gross Tonnage 48788
Summer Deadweight (t) 53701
https://www.vesselfinder.com/vessels/details/9313943

Dammam shipyard docks
https://www.dammamshipyard.com/

Q: How do you know when Garmoan and DW are lying?

A: Simple! They hit the 'Post Message' button.

Absolutely! This is why I laugh at those still basing investment decisions on delays caused not by AEX but by the Magafuli Government, it's departments run by families instead of experts, and of course, the corruption at all levels.

Samia Hassan has cleaned up Government and made it function as a Government again, delays are no longer the norm from the Government side.

ARA had trouble securing the rig, but for a company of their size, backing and influence, that should be a one-off, especially as they were at the agreement signing in December where the Government said "NO DELAYS".

The insults are not at the size of the 'supposed' 'fictitious' holding per se, they are at the 24/7/365 abuse of the company and it's CEO by someone claiming to hold a pittance in stock.

Surely it is obvious to anyone that this 'supposed' 'fictitious' holding is just more lies to cover up his daily trading activities, or that he's an employee of Bronte just here to try and keep the price down, whilst they pick up all the loose stock sold by PI's brainwashed by the daily onslaught of negative garbage on here and advfn.

It could be a seismic event if they announce a huge uplift, or that the targets for CH-1 are linked to other traps and thus the target for that well will be much bigger, and on any slight mention of oil potential it could be cosmic.

Getting the rig and drilling the well is obvs important for the year, but it would certainly be nicer to start the 'drilling climb' from 2p, 3p, 5p etc instead of 1p.

No problem, always here to help, or state the obvious!

The rig matters, but it's not the only thing. The 3D Seismic results could be a significant event.