Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Sounds like they already have strong pipeline, yes.
I posted before that I expected this RNS, but surprising the funding required is so small, with such small dilution. I can only read that to mean they know how much it costs to fulfil an order and the amount of revenue they’ll produce means they don’t need much more.
Unless more capital raising is to come in the next couple weeks, but then why not do it all at once? So I’m a bit cautious but on the face of it, it’s very positive.
Wow just smashed through 23p. Just over two weeks until the roadshow if we do get that warranty by then this could be more than double where it is now.
What an end to the year! No one seems to be selling and there’s some big buyers out there!
Hi Notes,
This is a very valid point, and I would expect AFC to access some of this funding before Christmas. A month ago this would have been awful, but now an extra £1-2m could really help support growth and would only lead to between 1-2.5% dilution. An excellent result for what that investment could support. It would be better if they announced the draw down with reasons for its expenditure - I.e to fulfill orders.
Looking forward to next week.
This website is a great look at the new positioning of AFC Energy. Clear and concise products with committed delivery dates of tangible products. Before today you had to read this board to get a good understanding of what AFC actually did, now it’s clear to anyone.
Really pleased with what they have done. Will be interesting to see if anything else comes out before the 6th Dec, namely a De Nora warranty. Still, this is a huge growth market, perhaps one of the top growth markets of the next 10 years and AFC are ideally placed to offer a USP here. Once we start to get distributors and customers signed up this could absolutely fly.
A brilliant 2 weeks for holders, with little to be happy about over the last 3 years I think new investors don’t understand why some people are so overly ecstatic. Excited to see what next week holds!
This news flow at the moment is insane. Been here years and this is the most I’ve seen in such a short space of time. Roll on the 6th December.
I was happy to see double digits in sp now I’m thinking we could be 20-30p by The end of next week. Well done all LTH who held through the last couple years when it has not been fun.
Bought on the open market after news released. He must really want to get involved and be worried about insider trading doing it any other way.
Must really see the future at higher then 10.2p a share that’s for sure. Been waiting years for this to happen! The CFO still has shares in at over 11p a share too.
Am I reading this right? That is a huge statement there....
Incredible flow of news recently, it is coming thick and fast and all positive! Also still more to come before the 6th December! Could we be at double digits sp by the end of the year?
What a turnaround AFC seems to have done, they really want everything out there and updated before the roadshow on the 6th.
Excited for the new website now!
Haven’t posted in a while as let’s face it, there wasn’t much to post about. Last 2 RNS’s have been very positive. Committed date to showcase a commercial system to investors, partners and more importantly customers (Rolec’s). Today the announcement of the naming conventions in a clear and concise way, and a new website launching within the next 4 weeks.
Is this the start of a big turnaround? I really hope so, looks like we are gearing up for a huge push in 2020. The big thing will be customer pilots, Rolec will have 100% positioned a pilot with a customer, so will be interesting to see when that comes. Likely after 6th Dec now.
Good luck everyone.
I bought back in today. This week PMO for the first time in a long has gone against oil and continued to rise. Usually only occurs if something big is happening and if oil starts to change too, this could go high quick.
Sat here in hope someone that’s more informed than me knows something.
It happens on most trading updates. Short term money for some reason bets on there being some huge news, which there never is in a trading update. The best you can hope for is that they have met expectations or aiming for upper end.
If that happens it shows they are tracking as they expect or have exceeded expectations. Here PMO have exceeded, but many people don’t see this result as exciting enough. I however enjoy knowing that at oil over 60 PMO does quite well. The revenue/free cash flow vs debt by end of year could be a really good ratio, especially with costs coming down, which I don’t think was originally factored in.
Good takeaways here. My favourites are debt reduced more than expected and now they’re confident of debt reduction for the year being at upper end. Market will love that.
Also cost reduction is a nice bonus here. They’re getting very lean which means even more profitable going forwards.
Basically everything is on track for upper ends of estimations or better. A solid hold now until year end.
A lot of positives in that presentation. Debt paydown at upper end of expectations. More cash flow than expected and lower capex than expected, with an increasing income and profit.
Whether or not it goes up or down in the short term, as a long term investment opportunity it does look solid. Obviously price of oil dependant, but where oil is at the moment still works for PMO.
I believe this is going to be quite positive, with debt continued to be paid down and an accurate estimate of how much debt they can pay off in H2.
With everything else happening in the world it’s looking like oil will also head back above 70. PMO is primed for a 6 month growth from here. Good luck all.
The roadshow is a great idea. These are Rolec’s clients, Rolec want to make money, therefore we have to wait for a combined demo unit to present to them, we can’t sell direct, and AFC don’t want to. We do not have the sales resource to deal with all of it. That’s already been proven by the fact we have no signed deals yet. Rolec have already got a lot of interested party’s and once we can start demoing to them a combined EV charger, we should be able to get multiple sales cycles underway. This is honestly preferable, although longer, than AFC dealing with everyone direct. Notes - on the Thalion investment, yes it is better, although would be at the same price, because Thalion would likely just start selling their shares straight away at minimal profit, leading to a suppressed share price. Much better to have investors onboard that see the benefit long term (although we don’t know who these latest ones are).
News is coming thick and fast now isn’t it. This agreement is a big step forward. Expecting RNS with De Nora anyday now for their part. Then hopefully Southern deal signed. Could be exciting. On the recent fund raise - I was pleased they did this over drawing down on the Thalion money at a small dilution. Hopefully we’re almost there now people.
Would just like to say thanks to the BoD for listening at the AGM and improving news flow. Just to have a stream of positive updates has improved the share price massively and today’s rise is great to see. Hopefully it continues and we can get to double digits again before a big bit of news hits. Although I’m starting to think something might have leaked already....
The news yesterday is why. Although not RNs’d, and I agree it’s not really RNS worthy, however it clearly shows we are still well engaged with Southern Oil and of you read between the lines (the fact they’re standing in front of an AFC banner) the deal must be progressing well. Market is now readjusting as once that deal comes we definitely won’t be in single figures PPS anymore. Tempted to top up but will wait for something concrete. If we get Southern deal and an EV charger news back to back this will rocket! Good luck everyone. The best thing is that since the AGM AFC have been true to their word about news release improving and we have to commend them for that. If you’re negative about them when they’re bad you have to commend them now they’re improving. It does feel like some excitement is building at long last.
Surprised no one has mentioned this. On their website today. Looks encouraging and that we are still well engaged with Southern Oil to put something like this out. Hopefully leads to news soon on this deal.
Agreed and I’m glad someone said it. A very good RNS in terms of commercial opportunities for replacing diesel generators. Again I don’t think it will move the share price much, however it is as you say proof they are going to start telling us more about what’s going on, and people like to be in communicative shares. A solid update on a key area that should drive revenue this year if we can get a contract signed. Very pleased.