Member Info for Newboy58

Moscorum is eluding to the fact that just because a 3 ton unit works as expected it might not be a simple scale up to a 35 ton unit... I'm hopeful it will as most parts are "off the shelf'.. this is a risk though, hense the low £21 million market cap, fingers crossed and all that.

Hi again Moscorum, have you looked at BCN or EMH? I'm in both and they both look like good long term prospects, I'm planning to sit in both for a 2025 pay out... Both small miners with big partners....

Hi Stokey, but it's within his sphere of influence and I'd prefer if he hadn't been under HW's influence...

Moscurm, Lashing out won't help AFC's situation, you know the answer to your own question...

And AFC are on the road IEH was on some time back.. I think AB has shown his rotton negotiating skills on the W2T deal..

DmG is gonna kick unrecyclable plastics arse...

I do wish DR wasn't invested in W2T though, defo conflict of interest there imho

Very interesting!

This is from AFC's Q&A, I don't really understand it.

Q: Can AFC Energy shed light on the transaction in which it disposed of its interest in Waste2tricity
in 2019, particularly in light of the recent announcements pertaining to Waste2tricity’s relationship
with Powerhouse Energy?

A: Whilst AFC Energy has in the past had commercial relations with both Powerhouse Energy and
Waste2tricity, those relationships no longer exist. Since 2015, when AFC Energy’s appointed director
resigned from the Board, the Company has not been privy to any information other than that in the
public domain. The severance of commercial relations was completed last year (2019) with both the
sale of our investment in Waste2tricity and the termination of the licence agreements.
This year in accordance with IFRS 9 we were required to reconsider the opening fair value of our
investment and as stated in our annual financial statements:
“The Directors have adopted IFRS 9 with effect from 1 November 2019 and have estimated the fair
value using hierarchy level 3. The estimated fair value of the investment in Waste2Tricity remains de
minimis as reported last year, due to the uncertainty at the time of disposal of future cash flows and
the lack of marketability of the shares.”

I don't understand the bit about the W2T deal, probably being a bit thick, what does all that mean ?

Snap! Must have come on our news feeds at the same time.. :)

Metro really are pretty crap aren't they, worst investment ever, and I've had some dogs....

https://www.theguardian.com/business/2020/apr/24/metro-bank-freezes-account-iran-nhs-pharmacy

63, good enough for me!

Hi beachandsurf, so what have they done to save costs in these challenging times?

Ps, I've only left £2k as I am emotionally involved so not selling that out....

Their first duty is to the environment, not themselves!
To put it in perspective, AFC is the same age as TESLA.....

Still nice to have a slight blue day.

Hmm, I'm going crazy!

Haha, have the entire days posts been wiped?!

Such a killjoy oilman

Have some of that, just topped up. Cheers peeps

Was only 10% of my holding so can't complain really, just kicking myself though!

Ffs, I forgot about the meeting and sold £1k this morning, fkn idiot