Member Info for JeffMills

It's starting to look like they’re in real trouble. At 94p they’re already sitting on close to £2 million in paper losses, and if the price pushes to £1.10 or higher, that loss more than doubles. At £1.20, they’re down over £6.5 million. This isn’t just a bad position — it’s becoming unmanageable.

Most of their entries were down in the 70s and 80s. A couple were above 90p, but those are small and don’t make a dent in the overall position. If the price keeps climbing, they’re going to get stuck. They’ve already loaded up, so averaging down now only digs the hole deeper. And the longer this grinds up, the more likely they are to be forced to unwind. They either sit there and bleed, or they cover into strength and risk setting off a proper squeeze

One Hy-5 unit makes about £875K revenue a year, with maybe £260K gross profit.

These are the kinds of signals that long-term holders start to pick up on over time. When you've been closely following a sector for years—through the ups and downs—you naturally build a deep understanding of not just the company, but the ecosystem around it: partnerships, patterns, timelines, the tone of announcements, even things like LinkedIn activity.

It's not about "knowing it all"—far from it. It's about being immersed long enough to start connecting dots that aren’t always obvious to the casual observer. That’s why I’m confident. Not because I have inside information, but because experience teaches you what to look for, and right now, a lot of those familiar signals are flashing again.

Perhaps this 500 MW FID is on the verge of being announced. I’ve mentioned it before, it’s worth noting: every time Dennis has "liked" or publicly celebrated a development on LinkedIn (be it Hygen, RWE, Linde, Uniper), it has consistently preceded a major announcement with the said company.

It’s been a while since we've seen a 60%+ single-day move in the share price, but if this plays out as it’s shaping up to, such a move doesn't seem far-fetched. Excited for tomorrow.

Sorry, I thought it deleted half way through writing all of that, so I started again!!! Hence the double message a few times haha.

Today Dennis liked the news on Linkedin that H2Apex has officially acquired the 1GW Lubmin green hydrogen project from the insolvent HH2E for €7 million, securing the site and project rights — and is now planning to move forward with up to 1.6GW of renewable hydrogen production in northeastern Germany.

Right — it could be the 500MW FID ITM’s been hinting at because:

Size & Timing: The project is 1GW total, and H2Apex previously mentioned starting with 500MW — which lines up perfectly with ITM’s FID scale and Dennis’s timeline.

Location: It’s in Germany, where ITM has boots on the ground now (Berlin office, Uniper link, etc).

Recent Activity: Dennis liked the news — that’s not confirmation, but it shows he’s watching it.

Timeline: HH2E originally targeted 2026 start. If H2Apex sticks to that, a 2025 FID makes total sense.

Why this could still be ITM’s 500MW+ FID:

Project Back on Track:

H2Apex just officially closed the €7m deal for HH2E’s 1GW project, which had stalled due to insolvency. The project vehicle (HH2E Werk Lubmin) is now under new management and heading for revival.

No Supplier Named (Yet):

There’s no publicly available information confirming which electrolyser manufacturer will be used under H2Apex. HH2E had prior partnerships, but insolvency resets those — especially since suppliers aren’t locked in until FID.

Timing Matches Dennis’ Comments:

Dennis Schulz has recently said a >500MW project is nearing FID. He also “liked” this Lubmin news — not something a CEO does casually, especially on a German mega-project, unless it’s relevant to ITM.

Germany is ITM’s Strategic Focus:

ITM has expanded operations in Germany (e.g. Berlin HQ, Deutsche Bahn partnership, EU project participation). They’re clearly targeting large-scale German infrastructure.

Tech Fit:

ITM’s new 100MW+ stack architecture fits perfectly with a phased, modular 1GW project like Lubmin. H2Apex will want speed, scale, and a European-made system — all boxes ITM ticks.

https://www.hydrogeninsight.com/production/h2apex-completes-acquisition-of-1gw-german-green-hydrogen-project-from-insolvent-hh2e/2-1-1841211

That’s a good point Dibs—still, even a series of smaller contracts could add up quickly. Here’s hoping for some big surprises!

As said on The Times in 2023:

“The new boss of ITM Power has vowed to turn round the UK hydrogen start-up, overhaul a culture of ‘overconfidence’ and regain the trust of investors and customers after the company became London’s most shorted stock.”

Does that sound like a man who’d promise serious near-term value without something already secured? Dennis knows many shareholders bought in at 400p+, so how big could the Hydropulse news really be? Could it be a 100MW hydrogen offtake deal?

When Dennis mentioned that shareholders are poised to realise significant near-term value (and this was following the 25p rise to around 75p) it’s clearly not a casual remark. Such a statement implies material, substantive news on the horizon. It wouldn’t make sense to suggest this level of value creation only to see the share price retreat, leaving investors empty-handed. This strongly indicates something major is imminent. Why would he damage his trust? Get ready.

The usual by tuna, total misunderstanding of how hedging works or an intentional oversimplification!!

Ade. Here’s the simple truth: those “buy” and “sell” numbers you see on trading platforms are just estimates. They guess based on whether the trade price is above or below the mid-price. That means what looks like a buy could actually be a sell, and vice versa. So the numbers are not always right.

But more importantly, the share price is controlled by market makers, and they don’t care about how many small buys or sells are happening. They look at the overall flow of money, especially big trades, risks, and background pressure. If there’s a large seller quietly offloading shares behind the scenes, or if they expect low demand going forward, they’ll drop the price to protect themselves, even if a bunch of retail traders are still hitting “buy.”

So yeah, the price can fall even when it looks like there are more buys. It’s not just about the number of trades — it’s about who’s really moving money, what the market makers see coming, and how much risk they’re willing to take. Hope that helps you sleep.

That’s the kind of strength investors want to see. Climbing SP even when shorts remain open.

Let’s be honest — for the last seven months, tuna hsa been listing reason after reason why ITM would supposedly fail, and every time, the narrative has fallen apart. First it was that Trump would derail US support, but the subsidies have now been extended for another two years. Then it was China taking all the contracts, yet we’ve just secured a 300MW pre-FID in Asia — likely South Korea.

He said we’d be locked out of the EU market, and since then we’ve landed multiple FEEDs, Neptune V sales, and a Deutsche Bahn partnership — not to mention opening a Berlin-based entity. Claimed ITM wouldn’t see any large UK contracts, but now we’re doing the FEED for Uniper’s 120MW and likely RWE’s project as well.

He said £1 wouldn't be seen until 2030 — we hit 95p a few weeks back. Then randomly claimed to own 67k shares? And now we’re being told hydrogen is “niche”?

At some point, you’ve got to ask — is he normal?

With respect, I completely disagree tuna. If Dennis publicly states "substantial near-term value for shareholders," it’s not just fluff — it signals that key developments like the Hydropulse contract are already in hand or imminent. This kind of language doesn’t get used lightly, especially after the turnaround we've seen. The market might not fully price it in yet, but when it does, the shift will be sharp and fast. We're not waiting on speculation — we're on the verge of confirmation. What happened to your 67k imaginary shares?

It’s only a matter of time before the first Hydropulse contract is formally announced...

We're seeing clear intraday support and resistance forming between 80p and 84p — that's consolidation. It's behaving like it's building pressure. When it breaks that range with volume, expect a sharp move to the 90s.

Honestly, what’s with these basic, almost childish arguments? CCS isn’t some universal fix — it only works at certain types of plants that can actually capture and store carbon effectively. Plus, it requires a huge amount of energy just to operate, which cuts into its efficiency and adds costs. If you’re making points without even considering these fundamentals, it really shows a lack of understanding. Let’s elevate the discussion, yeah? 🥱

CCS is heavily backed not because it’s a better long-term solution than green hydrogen, but because it preserves the status quo — it gives fossil fuel infrastructure a lifeline. Governments are politically tied to existing industries and jobs, so CCS is the easier near-term spend. That doesn’t make it the endgame.

Green hydrogen, on the other hand, is a disruptive clean tech — and unlike CCS, it actually replaces fossil inputs. That’s why it’s getting massive backing globally from forward-leaning nations like Germany, Japan, and South Korea. It’s also worth noting green hydrogen has no fuel cost — just electricity, which is increasingly cheap via renewables. CCS and blue hydrogen can’t compete with that trajectory.

And as for cost? Electrolyser and renewable prices have been falling steadily — CCS has no such deflationary trend. You don’t need green hydrogen to be cheaper today — you just need it to scale, and the rest follows.

The idea that green hydrogen is “in jeopardy” because CCS gets more UK funding ignores every global signal. Basic level understanding spicy..

You’ve got to be wearing a tin hat to question green hydrogen’s future when countries like South Korea and Germany have just poured billions into it. Name me an energy source in the last 100 years that got this kind of investment from multiple global leaders—and then completely failed? There isn’t one. But I think everyone in here knows that. Even Tuna stopped that argument about 8 weeks ago.

Without being rude, I really think you need to do a lot more research before forming a view here. You’re repeating old bear talking points like green hydrogen’s too expensive — but that’s exactly where solar and EVs were just before they scaled and exploded.

This isn’t some pipe dream being propped up by subsidies. The EU, UK, US, and Asia are all in on hydrogen because they have to be — there’s no decarbonising steel, ammonia, shipping, backup storage without it. It’s not about replacing fossil fuels for all power — it’s about doing what nothing else can.

And right now ITM is lining up multi-hundred-MW deals — with real partners like Uniper. When just 1 or 2 of these FIDs land, the re-rate will be savage. People will be scrambling to get in — and it won’t be under £1.50 when they do.

So yeah, early? Maybe. But that’s exactly where the upside is.