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What I don’t understand is why AFC doesn’t share pipeline information in the way ITM does. They must know the ballpark value of tbc contracts for delivery in 2020/21 that currently under negotiation. Maybe they don’t want to create a situation where they’re held hostage to fortune.
After ITM did it’s big raise last year it’s SP settled at about 25% above the offer price for a month or so before moving North fast. Not that there’s is any particular reason to think AFC will follow a similar path but a bit of a plateau while part of the latest II investments are unwound would make sense particularly when the rest of the sector is taking a battering.
Yes, DW, I’m not saying they only have 6 month’s worth of cash. I’m saying for 6 months (at least), cash isn’t an issue at all. They’d have to build a lot of unsellable £100k units to waste what they’ve raised ...
What I’m saying is that for the next 6 months, cash isn’t a problem. During that period, it won’t weigh on the SP. If there wasn’t any news over a 6m period, there would be a growing sense that the confidence evident in the interims was disingenuous but that would be countered by getting closer to the exciting stuff happening in 2021. I’m not saying one would balance out the other but the balance has shifted and time has now become a friend as well as an enemy. My amateur guess is that until mid September, this will all be enough for an overall SP rise even without any news.
That would certainly be nice. My hunch is that the share price will continue a slow rise for a while even without news as the new investors sell bits of what they bought at 16p. In the past, each day without news was a step closer to either new fundraising or going bust. Today, while that’s still the case to a degree, there’s so much cash in the bank that for the next six months at least, each day without news, takes us a day closer to committed revenue, completion of durability tests for the electrodes, the solid cell product, global PR exposure and the sales that will hopefully follow that.
Yep. If the initial year goes well (in terms of AFC’s role and the rally itself) it could turn into a multi-year deal which expanded to include powering all transport to and from each event using the solid cell from the 2023 event onwards. The marketing would then also show off the solid cell to the ship and train market. They just need to nail delivery in year one and then hope extreme-e goes as well as formula-e has done.
I wonder why AFC aren’t members of this: http://www.ukhfca.co.uk/membership/member-directory/
Muscorum, it’s a question of balance. Will the awareness building and local projects of extreme-e outweigh any ecosystem damage? Probably.
And for AFC, will any ecosystem damage create reputational risk that outweighs the gains from the direct exposure. Probably not.
If there is a market for our products, the exposure from this partnership is certainly the way to find it. Bodes very well for the medium term. Just need a few shorter term deals to get some more money in the door. We need something to bridge across to HydroX(s) without more fundraising. HydroX(s) still seems to be the product with the greatest potential to serve a very big market. That’s where the £bn revs lie if they’re anywhere.
Interesting mention of AFC and how the EV charger could be deployed temporarily to evaluate demand prior to the installation of an upgraded grid connection. https://www.newelectronics.co.uk/electronics-blogs/electromobility-and-all-its-challenges-5-6/229114/