Member Info for JeffMills

Oh I clocked it — won’t even respond under the actual Qube reduction heading hahah. But yeah, apparently he’s sitting on 67k shares and deep in the green. Can’t make it up.

Thanks for this — genuinely. You've just completely discredited yourself. This’ll be the go-to link every time you post some nonsense. Reads like a full-blown meltdown ahaha.

Hi helu. If it goes, 70p won’t take much — not a lot of weight sitting above. Feels like the buyers are getting bolder each dip. Nice finish into UT and great to see its moving back up on tradegate tonight.

This is honestly embarrassing. You went from trashing the stock every single day, mocking every RNS, calling it a bubble at 25p, 30p, 40p — and now that it’s in the 60s, you’re suddenly “in the green” and “been holding all along”? Come off it. I’m actually cringing for you.

And bringing up Rick? hahaha. You’re so deep in this weird obsession narrative it’s actually sad.

Enjoy your “green” mate — hope your imaginary shares are having a lovely time. Now, get to bed!

"they’re obsessed with me!” Mate, no one’s obsessed — you’re just loud, wrong, and weirdly proud of it. Half the forum sees your name and rolls their eyes before they even read the post. You watched it climb. You missed the move and now you’re backseat trading from the sidelines, fuming that no one’s listening. Every post you make is soaked in regret — we can smell it through the screen.

Spicy acting like he’s the wounded voice of reason now — give over. That 400MW number wasn’t some fixed FY25 requirement, it was a ballpark breakeven scenario dependent on Neptune V sales, cost scaling, and capacity ramp-up. You took a long-term modelling comment and turned it into gospel, then called everyone delusional when it didn’t fit your daily panic narrative.

Now you’re spinning it like people are obsessed with you — mate, you post every green tick with doom attached, then cry when someone replies. Classic victim routine.

And let’s be real — every time Qube or Helikon moves, you’re right there with a take. But sure, we’re supposed to believe you’re just a chilled investor quietly cheering for good RNSs. Funny that your version of “positive news” is always followed by “but it’s meaningless without revenue / not concrete / subject to FID / still a bubble.”

You’ve been calling this a bubble since 25p. It’s in the 60s. You’d have people selling at the bottom and watching it double. Imagine listening to that.

Well said troublesome. He's cost a lot of traders serious money, in my opinion. Hopefully none of the long-term holders here — myself included — paid him any mind. Imagine panic selling at 25p… absolutely sickening.

Can we please stop saying “Qube increased” in the header — they closed to 0.74%. Give it a proper relook. Heading back up on Tradegate — let’s hope we get a run at 70p tomorrow.

Reminder: Spicy is 99% wrong — scientifically proven.

This man said it had “lower to go” at 25p. Then again at 30p. Then again at 37p. He’s basically the boy who cried dip.

He called it a bubble when we ticked up, and claimed a healthy 45p → 41p breather was “the start of the retrace.” Fast forward: we’re now well into the 60s, and he’s still at the back of the class yelling about FIDs.

He’s the only guy who sees “raised revenue guidance” and somehow hears “emergency.”

Sees “300MW contract awarded” and screams “but where’s the final investment decision?!”

LOL, governments literally just started unlocking hydrogen cash this year — chill.

At this point, Spicy is less of a market analyst and more of a reverse indicator.

If he says it’s going down, might be time to buy two.

And I’m creasing thinking about him reading this, steam coming out his ears, frantically checking the 1-minute chart to prove it’s all a trap.

Must be desperate for the sp to stop when hes mocking ITM for announcing contracts “subject to FID” like that’s some kind of scandal — what exactly are they meant to do? Pretend they’re not involved in major projects just because final investment decisions take time?

It’s how the entire industry works — FID is standard on public-private hydrogen projects, especially when governments are only just starting to unlock funding this year. Germany’s €4.6bn, UK’s Hydrogen Allocation Round 2, EU’s Hydrogen Bank — all 2024+ money.

So yeah, some of these deals have lead times. That’s how infrastructure gets built. But ITM is the named supplier on those projects. That’s pipeline, not PR.

I know he's getting alarming desperate which is getting be rather excited. Why is he talking like ITM needs 400MW of signed orders this year — where's he even getting that? That's not in any guidance, not in the roadmap, not even hinted at. Just straight-up fantasy.

What’s actually real:

Revenue guidance raised 30% to £25.5–26.5m — based on booked and delivered work.

Net cash generative in H2, ending the year with over £200m in the bank.

300MW+ project in Asia-Pac already awarded, funding approved.

Strategic partnership with Gore to improve PEM performance — real investment, not fluff.

And let’s get one thing straight tuna— that “only 4% reach FID” stat you keep quoting? True for the hundreds of speculative, zero-funding, desert-based hydrogen pipe dreams scattered across press releases and PowerPoints. You know the ones — "Namibia, 10GW by 2035" with no grid, no customer, no money. That’s where your stat lives.

But this isn’t that. This is a government-backed project, funding approved, permitting underway, supplier selected. According to BloombergNEF and others, once a project hits this level with public support, the FID success rate jumps to 40–60% — not 4%.

So if you're going to quote stats, at least have the range to know which ones apply.

If they dropped the FID Monday morning (of course it won't but who knows, im betting on much later on in the year for this) with full details — named client, timelines, all locked in — I reckon we’d see a big jump straight out the gate. In the first week, probably 90/£1 range, depending on how clean the announcement is. Market will want to reprice, but it won’t go straight vertical after last time!!

Give it a month, if sentiment holds and institutions start backing the story properly — I could see it pushing £1 to £1.30, maybe more if momentum builds and retail piles. Thats just from this contract only.

Now in terms of what that actually means for ITM: revenue-wise, we’re looking at serious numbers. RBC estimated it at £125m to £250m, depending on scope and pricing. For context, ITM’s entire upgraded revenue guidance for this year is around £26m. So this one project alone could represent 5 to 10 years’ worth of current annual revenue — that’s the scale we’re talking about.

And that’s just the top line. When a deal like this reaches FID, it de-risks future growth. It proves ITM’s newer systems (Poseidon, Neptune) can be rolled out at grid-scale, and gives credibility to their new cost structure. That alone justifies a valuation re-rate.

As for share price — market doesn’t wait until the revenue lands. A confirmed FID would likely spark another significant move. When the project was first announced, the stock jumped ~16% on speculation alone. With full confirmation, you're likely looking at another sharp leg up, especially if backed by firm delivery dates and customer disclosure.

Been digging into timelines a bit more to get a better idea of when we might actually hear something concrete on this 300MW project, pretty confident the 300MW project is in South Korea — everything from policy, funding structure, and timing lines up almost too well.

— and all signs point to late 2025 into early 2026 for the FID.

Here’s why:

1. The Korean hydrogen power auction just launched in May 2025

They’re offering 3,000 GWh of contracts this round — and this time the government has tweaked the terms to make the economics work (currency-linked fuel cost indexation etc). This auction cycle is now live. If this project is tied to that, they’d need to move through technical approvals and land their FID within a few quarters to be considered in the contracting.

2. ITM said permitting and engineering are already underway

That’s not vague talk — if they’re at permitting stage, they’re actively progressing toward construction. You don’t kick off permitting unless there’s a serious shot at FID within 12 months. So that sets a likely window of Q4 2025 to Q1 2026 for a decision.

3. Projected operation is 2028–2029

ITM referenced that timeline. And if the plant’s meant to be up and running by then, you’re realistically looking at FID no later than early 2026 to hit that build and commissioning schedule. These are 2–3 year construction jobs at best, with long lead times on electrolyser delivery.

4. South Korea’s national energy plan lines up with that schedule

They’ve got targets for hydrogen and ammonia to hit 2.4% of power mix by 2030. That’s only possible if builds like this one are underway by 2026. There’s government pressure behind getting these online — not just announcements, actual hardware in place.

5. Similar-scale projects show the same FID window

Look at Doosan’s 270MW Ulsan hydrogen turbine demo — same kind of size and structure, and their FID is expected 2025 with commercial operation by 2027. These big projects tend to follow that 6–12 month window between engineering start and FID.

Spicy when will he learn.. he's framing selective facts as if they disprove progress — they don’t. Yes, both projects are pre-FID, as is entirely normal for infrastructure of this scale. But dismissing them outright ignores key points: ITM was selected, not just invited to tender. One project has secured local funding approval, the other has a defined delivery scope and timeline with a named client (Uniper). These aren't press-release fantasies — they’re steps in a structured procurement and development process.

You're also conveniently forgetting your own calls — talking down the stock below 25p while mocking anyone who saw value at 30p. The current price makes that look less like caution and more like poor judgement.

Calling people idiots now that the market’s moving against your position doesn’t exactly strengthen your argument. If anything, it shows you’re more invested in being right than being accurate.

Very excited for the coming months. ITM has finally started behaving like a company that wants to exist. After years of overpromising and setting fire to cash, they’ve actually turned a corner. They raised revenue guidance by 30% — and they said their cash position’s stronger too. Translation: they’re not in the danger zone.

Then came the contracts. First, a 120 MW deal with Uniper. Decent size, good name to be working with. But the big one? A 300+ MW project in Asia-Pacific. That’s headline stuff — not only is it massive, but it’s already got local government backing and funding lined up. That’s not a pipe dream, that’s happening. You don’t pull those kinds of numbers unless you’ve got real traction.

Add to that a few smaller but still solid wins — Spanish cement deal, Deutsche Bahn collaboration — and suddenly this isn’t a one-off. It’s a proper pipeline forming.

Then RBC came out and called ITM their top hydrogen pick — said they’ve moved ahead of the pack.

What we saw on Friday wasn’t a fluke, or a bubble as that idiot spicy would call it. It was the result of fundamentals catching up with sentiment. For once, the story and the numbers are starting to line up. Took them long enough — but now that it’s happening, people are waking up.

Lets hope we can cross into the 60s tomorrow morning!

Six months straight of obsession and absolutely nothing to show for it — tragic and hilarious in equal measure. Spicytuna.

Also, let’s talk about your "96% of global projects fail to reach FID" stat — sounds great for drama, but it’s a meaningless generalisation. That figure lumps in thousands of speculative, unfunded proposals. You think Shell, Uniper, or the EU’s flagship hydrogen programs are in the same category as some spreadsheet pipedream? Be serious.

You're acting like ITM needs 393MW more in orders this year to survive — as if they were somehow going to be profitable in FY24/25. Who said that? Nobody. Not the company, not the market, not even the most optimistic bull.

ITM is still in the scaling phase, and you’re treating them like a dividend-yielding blue chip.

And yes, it’s AIM. Volatile, messy, speculative. But this is not FOMO — this is a strategic inflection point. ITM has the tech, funding, and momentum. It's not a gamble on hope — it's a position based on where the industry is going, and ITM’s positioning within it.

If you want stable returns and no surprises, maybe look at FTSE 100 utilities. But don’t throw around "facts" like ITM has failed because they haven't bagged 400MW of contracts in the first months of a transitional year. That just makes you look clueless.