Member Info for JeffMills

If they wait till it’s all on the balance sheet, we’ll already be miles past £3.50. That’s the whole point.

Fair bid? £3.50 minimum, probably more like £4+ once proper value is priced in. You’re buying IP, market lead, and a central role in the UK’s energy transition.

Happy to ride this up slowly if it plays out that way — but if someone wants in now, they’ll have to pay up.

I get where you’re coming from — and a takeover wouldn’t be out of the question with the way things are shaping up. But £2.50 feels light if the market starts pricing in long-term backing for green hydrogen.

We’ve got HAR2 already live, HySpeed pushing toward 1GW, and ITM sitting on proven electrolyser tech just as the UK prepares to announce £86bn in R&D investment this Thursday — with clean energy right at the centre. If that translates into real infrastructure support, this isn’t just a short-term pop. It’s the groundwork for serious revaluation.

A strategic buyer might well be circling, but I’d rather see the market wake up to the full value first. Let’s see what this week delivers — the conditions are there for a bigger move.

This could be the move back to £1 by the end of the week — and honestly, it’s lining up. The UK gov’s dropping that £86bn tech investment package on Thursday, and green hydrogen is right in the thick of it.

HAR2 already has 27 hydrogen projects shortlisted. If this new money pushes further — infrastructure, deployment, real scaling — it could supercharge everything. HySpeed is sitting there with a 1GW target and £6.5bn lined up. If that links in, it’s game on.

This is exactly what the market’s been waiting for. If the signal’s strong, the rerate could start instantly. Hydrogen’s not a side bet anymore — this could be the beginning of the real run. £2 this summer?

He honestly doesn’t come across sharp enough to be anywhere near a hedge fund — more like someone playing trader in a chatroom for attention.

Let’s be honest, he clearly needs this forum more than any of us. It’s not about the stock anymore — creepy individual. He's been fixated on me since day one, naming me in half his posts like it’s some weird obsession. And for what? Because I’m bullish on a stock I actually own — one he claims to hold too? Make it make sense.Now he’s dragging up old posters like Ricky from before he even had an account — like anyone didn’t clock that little obsession. It’s weird. Let’s call it what it is — jealous creep behaviour from someone who’s clearly skint and bitter watching others actually make money.

Regarding spicy tuna. Seriously, are you a shorter, or just someone who bought the top and now can’t handle others making gains while you sit on red?

And yes, we know you are — because your other account, RICKY, literally did just that. You’re lucky it got banned before anyone could dig through the full history. 🙃

67k shares hahaha, yes mate so you do!

Wasn’t it just last month SpicyTuna was banging on about blue hydrogen — parroting Linde’s post like it was some death sentence for green hydrogen because they said it won’t be commercially viable for another 5 years? As if that’s a negative, when really it was them basically confirming green hydrogen is coming, just with a clear timeline.

And now look at this:

"Global investment in clean #hydrogen production expected to grow by 70% in 2025,"

– International Energy Agency (IEA)

The IEA forecasts $6 billion in green hydrogen electrolysis projects, and just under $2 billion in blue hydrogen. That’s a 3-to-1 ratio in favor of green — so much for blue winning the race, eh?

Oh — and don’t forget — this guy claims he’s holding 67k shares, yet he’s on here every day mugging off his own investment, and all of ours, like he’s the only one with a brain cell. “Just being real”, he says… Creep

He gets awfully angry whenever the share price goes up — strange behavior for someone with 67k imaginary shares hahaha

Attention-seeking twat if you ask me. Just desperate for a reaction every time.

Lse glitch on their!

Spicy, you’re acting like MrH owes you answers when all you do is post the same miserable sh*t every day. You’re not asking anything new — you’re just trying to put people on the spot because they don’t agree with your doom routine.

People challenge you not because you’re bearish, but because you repeat the same stuff like it’s fact, ignore progress, and spin every bit of news into a negative. You’re not here to debate — you’re here to wind people up. Big difference. Spicy, you’re acting like MrH owes you answers when all you do is post the same miserable script every day. You’re not asking anything new — you’re just trying to put people on the spot because they don’t agree with your doom routine.

People challenge you not because you’re bearish, but because you repeat the same stuff like it’s fact, ignore progress, and spin every bit of news into a negative. You’re not here to debate — you’re here to wind people up. Big difference.

Subject to FID = handshake”? That’s some proper armchair analysis. If this is a handshake, it’s one backed by governments, tier-one partners, and hundreds of megawatts of demand lining up.

This isn’t some fantasy wish list — it’s exactly how large-scale green hydrogen projects get built. And ITM’s not just on the list — they’re at the table, already delivering and scaling.

Keep scoffing at pre-FID all you like — by the time the ink’s dry, the share price will already be long gone.

Not much at all — you’re seeing what many of us long-term holders have been pointing to for a while.

The fundamentals have shifted massively in the past 6–12 months:

• £200m in the bank — that alone underpins a large chunk of the market cap.

• Technology is proven — with Shell, Linde, RWE, Ørsted all in the orbit, and the 100MW at Rhineland near completion.

• Scale is coming — 300MW+ pre-FID project already announced, backed by government funds (that’s key), and another 500MW project hinted at.

• Cost base has been cut, margins are improving, and breakeven is now clearly in sight — around 400MW per year, which is finally within striking distance based on the pipeline.

• Global tailwinds — EU, UK, US, and Asia all unlocking real hydrogen funding now, not just promises.

The short positions and FID delays? That’s just typical market inertia and caution — but most of these pre-FID projects didn’t even exist a year ago. Now governments are actually funding projects and putting infrastructure in place. That’s the big shift.

So no, you’re not missing much. If anything, the market is still underpricing what’s coming if even one of those big projects lands.

I’m not expecting imminent news to explain the recent rise — and honestly, I don’t think we need it. Why shouldn’t ITM be worth £500 million+ when there’s £200 million in cash on the books?

You’ve got the 100MW Shell project nearly complete, a government-backed 300MW pre-FID deal in Asia, a 200mw for RWE almost complete, I could go on and on. That’s serious industrial scale.

It makes no sense for a company with that kind of cash, tech, and commercial momentum to be valued at barely twice its net cash. On fundamentals alone, £1 per share looks fair even without new news. And with even one large-scale contract landing, £1.50 - £2 this summer isn’t a stretch at all as I’ve said since December.

Just look at the trajectory. This isn’t hype — it’s a rerating catching up to reality.

If we see a solid bounce off 63/64 and a move back toward 71/72, that’s a strong signal for me — just thinking out loud, but I’d be looking to top up. Anything under £1 is still cheap in my book, given where this is heading.

And when that FID lands on the 300MW+ deal? The revenue potential alone shifts the whole valuation. At that point, anything under £2 starts looking like a bargain, based on what that scale of delivery brings in.

I’m no chartist, but based on the recent action, we could see a dip toward the 64p area at the open — a bit of early pressure before either consolidating or finding a bounce. One to watch closely if you're trading the short-term moves.

Just a reminder: this is only the beginning. We’re seeing major moves — from Spain’s funding announcement yesterday to the hundreds of billions now flowing in across Germany, South Korea, and beyond. This is the actual rollout phase — not the hype cycle of 2023/24, when there was barely any money on the table and FIDs couldn’t happen.

Yet somehow, a few conspiracy theorist types are still clinging to the idea that “FIDs never land,” ignoring the fact the entire landscape has shifted. Back then, sure — no funding, no movement. Now? Funded frameworks, named suppliers, and multi-hundred MW deals on the edge of execution.

The funniest part? You’ve got this one clown who’s spent weeks telling everyone he “wouldn’t touch it till an FID lands” — while also bragging about holding 67k shares when it started ripping. Make it make sense.

You’re not cautious — you’re confused. Arguing against facts, talking like it’s all fake news, then claiming a fat position as soon as momentum turns. That’s not strategy. That’s just desperation wrapped in contradiction.

AFC’s announcement was a Joint Development Agreement (JDA) — which means they’re still in the tech development and testing phase. It’s an R&D partnership, not a project ready for execution. There’s no site, no deployment timeline, no confirmed order, and revenue is targeted from 2027 onwards, assuming milestones are met.

So to be clear: AFC is nowhere near FID. They’re at the “let’s develop this tech and see if it works commercially” stage — which is fine, but it’s not the same as ITM’s 300MW+ deal, which is fully scoped and just awaiting final investment approval. Completely different stage of maturity. Idiot post which I’ll highlight for weeks.

A JDA (Joint Development Agreement) is essentially a collaboration to develop a technology — in AFC’s case, ammonia crackers. It’s R&D-focused, with milestones to hit before any commercial activity happens. There’s no guarantee of future revenue, just a structured plan to try to get there.

A pre-FID deal backed by government funding, like ITM’s 300MW+ project, is much further along. It means a full project has been scoped, partners selected, and it’s just waiting on final investment sign-off — with public funding already lined up. It’s commercially ready, not just exploratory.

That's all I wanted to say. I won’t be engaging further, as I likely won’t be reading replies. Just wanted to share my perspective — I’ve never been a fan of this stock, and in my view, their promotional tactics reflect poorly on the broader industry.