Member Info for MPO818

Ticking along nicely 0.1667

DU mentioned a market overhang in a recent post. Two 25k deals this afternoon (14:11:31 and 15:04:11) would normally have led to a sp increase, but didn't - so I guess his opinion is confirmed - I continue to patiently wait.

of all the CNA share buy backs is 93.4455p (over 52m bought to date) today they bought 2,848,362 at an average of 87.5392p good news for long term holders. The full programme is to spend £250m with about £48m spent so far.

Never checked this out before, UK volume today over 54m shares. Some have commented "wait until the US opens". Looking at the three tickers on the OTC Market less than 1m shares traded in the 1st 3 hours of trading - they don't seem that interested. Whose right us or them.

I bet there are many on here who can't believe they have been able to sell at 10+ when before Xmas it looked dead in the water - many will have now jumped into the water, an outright gamble imo.

Great for buy backs though.

Now close to 10% down, no smoke without fire, comes to mind.

I can see a scenario where the "regulator" tells the main suppliers they need to reduce costs to customers, when suppliers have hedged (to meet demand) at higher prices to satisfy the needs of customers. Centrica has warned that further bankruptcies lie ahead as the regulator refused to make it compulsory for suppliers to "ring fence" customer balances. If this materialises customers face higher costs for longer.

I wonder what he will have to say for himself this time around - can't wait!!

Last year issued 16th December - so already a couple of weeks late - perhaps they have been really busy - anyway here is a reminder of the tripe our CEO wrote.
Adam Bond, AFC Energy's Chief Executive, said: "2021 has been a transformative year for AFC Energy, supported by a strengthened balance sheet, the successful first high profile product deployment with Extreme E, investment from and global partnerships with ABB which continue to expand, and the all-important commencement of work into the global maritime industry. That, alongside the new talent entering the business, advancement of high energy dense polymer fuel cell technologies and an increase in contracted revenue continues to drive AFC Energy forward. We are highly motivated by what 2022 is to bring with a number of company firsts expected, as we continue to deliver on a technically and commercially viable transition initially away from the $20bn diesel generator market, underpinned by the collective aim of achieving a near term Net Zero future."

At first sight this looks good, however, fuel supplies will have been hedged and the overall market opinion and trend is for fuel prices to rise - the reopening of the Chinese economy being sited as a major factor, on top of greater demand from an ever growing return to travel.

"I’d anticipate a doubling of the share price in short order on receipt of the dewatering & then of course there are the waste pits - lots of easy gold to be had there!"
The waste pits have been there since day one, the "trommel" has been on site for nigh on 2 years - there has been no easy gold or maybe there has and George has just taken it home . The shares rose to over 0.50p when news first broke - thats it for this company.

in getting to production have cost ANGS big time, I agree with many that GL has fed us all some bull in the last 4/5 months (some things never change) hopefully going forward there will be some decent benefit from a successful side track and the introduction of the second compressor. Paying down debt is progressing, however, I remain wary of GL's talk of a dividend in 2023.

just dotting the i's and crossing the t's here as the share price rapidly drifts on low volume. The market appears to signal a lack of trust in our BOD.

Recent buy back have been averaging 95/96p today they will be below 90p more shares for the same money, all good for long term holders. Gas prices on the other hand falling to below the level before the Russian invasion of Ukraine. Not good news for gas users in the UK as bills will continue to be loaded with the costs incurred by the bankrupt suppliers. The fault of the UK regulator who allowed small poorly financed operators into the market - you just couldn't make it up.

As a shareholder I have been expecting contracts and sales to confirm commercialisation of the business.
The website states:
We are inviting commercial partners to join with us to develop fuel cell and related technologies for their industrial application.
Why partner with AFC Energy? We have the expertise, experience, process, facilities, intellectual property, and concepts.

ocelot
No worries, if they can knock £2m+ off the debt with one compressor, the progress with a second compressor and successful side track should be considerable. Once the penny drops ANGS shareholders should reap the benefits.

Is already below £10m - That is a big positive for me - the run to Easter should be full of good news, can't wait. Looks like a happy new year for ANGS investors.

"not remotely true". "and no use, anyway"
Well I would tend to agree, however I have used this to my benefit on 12 occasions in the last 18 months to trade these for more than decent profits = it works for me.
and now back in at 585p, fully expect it to work again.

Do not ask why, but the calculation appears to be:

US price (8.05) divided by exchange rate(1.21) multiplied by 88% = 585p. Always appears correct to within a few pence.