Member Info for MPO818

HAGGIS - Stop posting the same crap twice

Bondy123
And what are Zeus saying for 1)Cap Ex and 2) Cash because imo the numbers reported for annual losses take cash a tad below £30m and their products expensive.

Haggis you wrote
It's great to see the beginning of the end for fossil fuels unfolding around the World
NOW READ ON
Governments across Europe are belatedly realising that energy security not only means reliable continuity of supply, but at an affordable price point, too. Such has been the laissez faire attitude to embracing cheap overseas energy during the accelerated transition to renewables that consumers and businesses are now massively overexposed to price spikes in fossil fuels. The UK wholesale gas price forward curve is 250p a therm or higher through to next winter, or almost double the level embedded into next month’s new UK energy price cap. Another massive price hike for consumers in the autumn is a racing certainty.
Furthermore, if Russia turns off the gas taps to Europe – the continent brings in 40 per cent of its gas from the country – then the wholesale price will go parabolic. This impacts the UK given that half our domestic gas usage is bought on the international market, mainly from Qatar and Norway. Given this backdrop, speculation is rife that the UK government regulator will approve new drilling across six UK fields (Rosebank, Jacdaw, Marigold, Brodick, Catcher and Tolmount East) to tap into 62mn tonnes of oil equivalent reserves.

Great rise in sp today, can't wait for tomorrow.

Is that positive enough for you cheekboy2

No notice of this on the company website - but that's no surprise

Bondy123
Everybody on this board hopes you are 100% correct in your assessment, me included.

Last year the proposed date was RNS'ed on 22 February 2021 - Why the delay, with no sales the task cannot be that difficult maybe the auditiors are questioning the window dressing tactics of Mr Bond.

Bondy123
That your opinion, which you are fully entitled to. My opinion, which I am also entitled to, is that you are as deluded as Haggis. - end of:

Bondy123
I was only pointing out the % rises in the stocks are not comparable - I cannot ever see a point in time when AFC will reach the market values of either ITM or CWR.

Closing prices 21/2/22
AFC 31.50p. ITM 228p. CWR 533.50p
Current prices
AFC 35.54p. ITM 330p. CWR 695p

AFC are a long way behind - Lets see if things change when the US kicks off in a couple of hours - The year end update cannot be far away for AFC -

Your welcome Dick, really pleased you had a good day, with many many more to follow. Dick I am slightly ahead of you, I hit 73 in 12 days - I received an email yesterday from Cunard cancelling our Kennedy Space Centre trip (wife's gutted) planned for 12th May. This holiday has been planned to replace the one planned for my 70th, that got COVID cancelled.
Hopefully any news from JOG will not be delayed due to what's happening over in Ukraine. Following 2 years of a rather deadly pandemic this is a bitter pill to swallow - life is just too short. We set sail 2nd May returning 16th June, hope any JOG news comes before, wifi on the open sea is crap and expensive.

and shoot the guy who suggested the Russian invasion would be just before 7am today.

Bondy123

The 5 points you set out at 18.17pm are exactly what is required, preferably sooner rather than later. The expectations of the CEO for late 2021 have not materialised and he is due to update shareholders and the market in the next fortnight or so. His credibility is on the line. The sector is out of favour so he needs to deliver something tangible, delay after delay is just not acceptable.

UK Energy Minister Greg Hands said North Sea oil and gas has a “good, solid” future ahead, and confirmed that the government will issue new licences this year. Further encouragement for JOG, surely they will not chase any further licences.

Yet another cheerful post from you Dick. As it is now past midnight - Happy Birthday have a good one.

Haggis said
"As always, it will be a case of looking at the business progress and future plans, and the level of cash in the bank vs the loss to work out how many years of cash AFC still have (many years obviously, so just a case of exactly how many). "

In my opinion shareholder bought more shares to expand the business and accelerate the commercial process. They have expanded, opening a facility and recruiting more and more staff at all levels. Now shareholders want tangible progress and generation of revenue. Not an estimation of how long the cash will last, they have taken cash on at least 3 occasions in the last 24 months, delivering almost zero revenue - is that what we invested for???

Now over $99 - the wait continues.

Haggis
I can tell you don't run a business that's working on "world class partnerships and collaborations with key global companies" ….. DUH!!!!
It appears that a number of your posts are duplicates and in your quote above please explain the difference between
"world class partnerships" and "key global companies" that appears to be the same as saying
"apples in collaboration with apples" - English not your strong point then?

Haggis
I sincerely hope you are 100% correct both for your benefit and everybody invested here.

Haggis you are deluded, you wrote -" AFC's future is MASSIVE" and added
"Anyone that can see further then the end of their nose can see it,"

Well the market does not agree with you assessment. Please do not go wasting your inheritance here this has turned into a gamblers share. Take some professional financial advice.