Ah Sprog, that explains it. Red by a minor fraction after a week of rises. Talk about glass half empty!
For the record I don’t have DW down as a stock basher, but there are times when he just gets obsessively negative and I don’t think it helps to have 20-30 posts in a day, many repeating the same message. Sometimes less is more.
So Rich list, if an MOU does not proceed to a signed deal, foundering for what ever reason the company would then get panned for that, either if it died and we were not told, or if they announced it had failed. Best not to know until it is material.
Yes, the company have been panned in the past for announcing MOUs that then come to nothing. How many times has DW raised this sort of thing. That sort of tactic has disappeared with the arrival of a Rennocks. Now they have RNSs for relationships that have been subject to a MOUs for some time. Frustrating that we don’t get to hear of these things, perhaps, especially when the share price is under pressure, but when news come out we know they view it as more significant.
Banaman, if RA has 30 million shares to get rid of, as of the AGM, selling them all at 28.5 p is not likely to help. He is drip-feeding the market, as did Shvidler, starting from around 5p. We have gone up with news flow. I fear we have to be patient on this and not expect this to rerate fully any day now. Besides, as some have said before, a steady non-spikey rise is probably better for us.
Look at slide 20 of the presentation for the launch. It clearly states that the model we saw in December was a demonstration model and that production models would be available from June, so not an issue with CE.
As for buying such a model it would be expensive to run relative to a larger system, also due to be delivered in June 2020, pre Covid19. I came away in December with the impression that the larger systems would be the ones likely to be sold.
Hi Klunk, do you seriously think the 20 kW units were seriously commercial? I have always viewed them as units for demonstration for what the larger systems might do. And also a model that might generate data for CE approval - assuming they need to test it on something rather than a paper exercise?
Because, Klunk, you would have had to wait even longer to see the product. The company said last December that these products would be ready for sale June 2020, if I recall correctly. Presumably CE certification was built into that timeline.
Back in the November RNS on AlkaMem it’s possible use in electrodialysis was mentioned banaman. That process separates salt from water, so it could be used in desalination, but it seems to be alkaline water electrolysis that has been mentioned since then.
Actually the selling goes back before November, Shvidler crossed below the 3% threshold in mid September when the share price was low. My point is that this has been a gradual sell-off, and I suspect it is all about the U.K. Gov approach to wealthy Russians since Salisbury, trying to put pressure on Putin. You will know that RA has not had his visa renewed, and has relocated to Israel. Which provides a crumb of comfort that it is likely not about AFC.
Some large holders have not done this, the White family for instance, however the Russians appear to have been scrupulous in informing us whenever they have crossed a threshold. I started monitoring large sells, c. 100k shares or there about’s in the autumn and that fitted in well with Shvidler crossing the thresholds. I suspect he continued down to zero, at which point RA started, though there is no way of knowing for certain. The one doubt about RA is that his shares are now in an offshore account, and I don’t know if they are as open. Having said that they were in that account prior to the last TR-1. As you know, however this is all guesswork.