Member Info for MPO818

The re-introduction of a dividend (even very small) will take this considerably higher.

"What’s great about the TBS and Amitsoq, is that they are both at surface and so no costly mining development to get at the resource as it is right there."
By creating GREENROC - ALBA lost 46% of the business - If the resource is "right there" why did they no just raise the funds to get at it and benefit 100% - or am I missing something

BumbleB2
I stayed quiet for a full week - the post was factually accurate - no comment on the weeks events - back in quiet mode.

The RNS of 23rd June commented on the future outlook – the first thing to look out for was as follows:
· AFC Energy expects to announce multiple new system orders in the second half of this calendar year.

IMO that RNS after 12 months of work is disappointing and moving to the extract below investors should beware:
"Next steps: settle detailed engineering plans and budgets, secure contractors and obtain regulatory consents."
Two issues with this, firstly the regulatory consent will take ages (think dewatering still ongoing) and secondly they do not have the funds (which will be substantial ) - with no gold having been shown its just a pipe dream or a massive con.

Newlunar - you wrote
The share price will most likely recover because as far as I can tell, there hasn't been any bad news.

What about their majority holding in Greenroc, its only dropped 15% in a few days and ALBA has very little funds, the share price is bombed out and still no sighting of Gold - can things be much worse.

Sounds like a panic move to me, clearly no positive price sensitive news to report - no gold to show

The heading is a large article on Bloomberg today - some bits follow:
The next several decades could see more periods of energy-driven inflation, fuel shortages and lost economic growth as electricity supplies are left vulnerable to shocks

As major Western producers from BP Plc to Royal Dutch Shell Plc work to reduce emissions and America’s shale drillers take a step back from expansion, the finite amount of exportable supplies is growing tighter.

commodities research at Goldman Sachs Group Inc., points to underinvestment in fossil fuels as a big part of the problem.

IMO all positives for JOG

IMHO I think George is waiting for Greenroc to double so ALBA can sell some to finance the Welsh mine - He should have been able to show some gold by now, they have been at it for nigh on 12 months.

Sorry - maybe I was rude - I do not given advice - read the articles on the JOG web site - the case is laid out there - I never invest off bits written on this or any other BB. - Hope that helps.

Phoebus
Without being rude, Specsavers has a 2 for 1 offer on reading glasses.

From the RSN of 17th Feb 2021 - Just taking forever, but surely not far off now.
Bluejay Mining plc, the AIM and FSE listed, and OCTQB traded, exploration and development company with projects in Greenland and Finland, is pleased to announce that it's 100% owned subsidiary Dundas Titanium A/S has received a Letter of Interest ("LOI") from the Export-Import Bank of the United States ("EXIM") for the provisional sum of approximately US$208 million in debt funding for the capital requirements of the Dundas Ilmenite Project. Any potential debt financing would be eligible for a maximum repayment term of 8 years 6 months.

Shareholders should note that whilst there is no guarantee that binding terms will be reached with EXIM to provide project financing for Dundas, the Company and EXIM will continue to progress the necessary eligibility requirements in order to secure the financing.

Bluejay is also advancing discussions with European Export Credit Agencies as well as other traditional commercial lenders to ensure the highest quality and most favourable commercial terms available for the development of Dundas.

I have decided to take a back seat (for the rest of this calendar year) and await the NEWS - No more attacks on Haggis or others when I disagree with their opinions.
Hopefully the NEWS will flow and we will all become richer.

giantsquid
That article says "high debt risk" The debt has all but been eliminated

Haggis - stop posting rubbish - you said
"as AFC have enough money to last them about 10 years at the H1 burn rate."
I think you are forgetting
The opening of an assembly facility - probably capitalised - but 6 months activity therein should not be (or has there been none)
The recruitment drive
The attendance at Extreme E events
Team travelling to Estonia to assist ABB
Peel Hunt - significant up front fees
If they have enough for 10 years - then they are guaranteed to FAIL

Haggis you wrote

"He bought AFC way back in 2008 around the same time that I did, he should be up over 5000% like me"
As you appear to be a loyal and trustworthy supporter of AFC you will surely have participated in the 4/5 rights and placings since 2008 that I know of - you say you don't trade - so your 5000% claim is a complete fabrication - like the historical posts I highlighted earlier.
And whilst I'm having a go at you, I recall you suggesting AFC would make a profit in this financial year - has your view changed.

From the AFC guru
17th January 2021 – share price 74.50p
Holding steady at £500m, but over the next quarter, up, up and up.

Plenty of news coming this quarter, Fuel Cell systems shipping to clients, final results (with loads of detail on projects etc), and likely more strategic/client deals signed (see the Adam Bond video from December on Proactive Investors)

14th January 2021 – share price 81.60p
There is no reason why we would not see orders for more systems any day now.

There is no need for many clients to wait for any trials, they can most likely see the Extreme E and Acciona systems built and fully functional by now at AFC (how do you think they got ABB and Ricardo signing agreements without seeing those systems first??). Along with the CH2RGE system that was taken on the EV roadshow, AFC still have it!!

From the RNS snippets below it is perfectly clear to me that:

AFC have a commercial pipeline
AFC have a binding agreement with BK Gulf for production
AFC will have first production units from BK Gulf in Q1 2021
The new factory was available for system assembly from 23 November, there was no need for AFC to wait for fit out, as that is more about office space and other facilities, note the phrases "will be utilised immediately" and "at any point in time" in the RNS snippets below, that means they do not have to wait for the fit out to be finished.

I posted that IMO AFC would need more cash to achieve their ambitions – the response was:

7th January 2021 – share price 81.20p
No chance, the funds raised were to cover building systems to fill orders for delivery over the next 12-24 months, they have what they need, plenty of cash.

More cash was raised within the next couple of months

Daz9643 - The answer is easy - In each of the last 3 years AB has issued incredibly bullish annual reports on progress made and the future using words like "transformational" and "disruptive technology" and look were we are. In late December 2020 we stood in the high 80's and we expected further sp progress - we have partnerships with tom dick and harry - but no sales.
On 23rd June he issued a further really bullish report with several share price enhancing statements, mostly for delivery in the second half of this calendar year, there remains 63 days to go - The Market does not believe him, his track record says it won't happen - but wtfdik

The big plus for me with CNA is the almost complete elimination of debt and the pension fund deficit appears under control.
Spirit Energy will have benefited from the significantly better oil price, the collapse of smaller competitors will increase customer numbers and the whole experience may reduce the "switching mentality".
Having hedged future gas supplies CNA may well further recover and a dividend (small) is not off the table.

Dick - yet another cracker from you, I’m now nearly 72, I’ve still not worked out the length of that piece of string, haha - good night.