Member Info for Piltick

I wonder if the acquisition of Siyanda Smelting and the 7.5MW smelter is ever going to happen. This was first reported in an RNS in April last year, with the remark "The transactions will provide the Company with a readymade smelter that is expected to deliver highly attractive economic returns and early free cash flow".

Early free cash flow - that would be very welcome right now!

And to prove my point, look at the Bid this morning, down to 8.62 at 8:35am. On a fishing trip!! Absolutely disgusting!

I don't think the MMs can see the stop-losses. They don't need to, they just need to drop the price temporarily to see what they catch.

I agree with you wolf. It's suicide to use stop-losses on AIM shares. I gave up using them ages ago because it seemed to me that if you set a stop-loss at any level, you can guarantee that the MMs will hunt it out and trigger it.

I reckon a lot of these sells are stop losses that have been triggered.

They will have to fix the front of a cigarette packet to the spokes of the back wheel to make a "brrrr.." noise, same as we used to do with our bikes when we were kids!

Why would you want to make synthetic petrol using hydrogen and CO2 from the air, when you can just use the hydrogen as a fuel with a fuel cell? Seems more straightforward to me!

I agree strontium, and on that basis I am rather surprised that the SP didn't rise further upon this news. After all, until now I was assuming that the only thing holding the SP down was because investors (i.e. the market) wasn't sure if the technology was going to do what it says on the tin. Presumably it does, otherwise AFC wouldn't have been able to secure this contract, so upon that realisation I would have expected the SP to immediately shoot up further than it has done so far.

In an interview on Proactive on 20th June (3m40s) KA said that he anticipated completion of FEED and permits within the next couple of months. So if he's able to stick to that timing we ought to be getting some news about the middle of next month.

He didn't say anything in that interview about the timing of the first commercial unit being operational.

Oh yes, I remember it now. A sort of Heath Robinson affair if I recall. Part held together with self-grips.

My, how things have progressed since then!

"...a very appropriate phrase for the Mousetrap I saw in Aussie"
Were you in Australia, pomander? Did you physically see the unit there before it was shipped back to the UK?

My word, look at all those trades!

And about time too!!

That's true!

@strontium: Not that it matters, I suppose, but I'm fairly sure that Echoes was/is a "she" and not a "he". Well, I suppose it matters to her!

How do you know it's only operating for short runs? Who told you that?

Coming soon, sellonnews:
"The proceeds of this Placing and the Subscription will be used to further the Company’s Commercial activities including achieving independent, third party, Engineering Validation of the DMG® System processes, ..."

Suit yourself sellonnews. You are entitled to your opinion, as indeed am I.

You nearly got it right there, sellonnews, nearly but not quite.

ITM have agreements with Shell and Toyota and various others, but as far as I know the only "clean" hydrogen that ITM produce at the moment is in Orkney where they use renewable electricity mainly from wind generators, and I believe some from tidal power. Mostly however, at the moment most of their hydrogen is produced using electricity from the national grid, which is far from green because most of the grid electricity comes from diesel generators.

Also, I believe that the cost of the hydrogen that they produce (at the moment) is not truly viable because it costs much more than the diesel or petrol equivalent for fuelling vehicles.

So until such time as they use only renewable electricity for the production of hydrogen, their delivery of hydrogen to bus companies etc. has to be subsidised by companies such as Shell, Toyota etc. Plus of course the grants that they benefit from as explained in the article.

So it should not come as a surprise that Toyota are keen to talk to PHE who will be able to supply "clean" hydrogen from waste, and costing a fraction of the cost that is having to be paid, or subsidised, at the moment.

Of course as we all know, PHE are not in a position to produce hydrogen on an industrial scale today, but they will be by early next year. And Toyota know the situation as well, so no good trying to use that fact as a point of criticism.

Very interesting article jabberba. Of course we don't know what material PHE are using, and I'm sure that some of those mentioned in the article will cost a small fortune. But it does confirm that such materials exist.

My conclusion, sellonnews, is that details of the testing of the prototype, and the results of such testing, would be market sensitive and no company would publish such data for perusal by the general public and potential competitors. But I am sure that they would share any relevant info during discussions with potential customers.