Member Info for RickSanchez

Year end is April.

Trouble? The number everyone was slinging all year!

Net Cash year end 2023-2024 was 230 million.

You are referring to EBITDA stats Dibs, the fact that you cannot read simple financial updates really puts your level of experience out in the open. Now you wonder why I am here to set the rampers straight

Apologies, 60 million spent.

Yes Dibs, they started the year with net cash of 230 million and at the end will be left on the low end with net cash 170. So at the safe estimation of using the maximum to the low end that is 60 million left in the bank, 5 million average per month.

Dibs,ITM most recent update: Net cash at year-end in the lower end 170ml . Fair, revised from 160ml. That 5 ml per month.

Well done, Jeff. I knew you would be back. You only post the positive links, often the same repeated over and over. You are by far the most active user in this chat. Remember, just your Jeff account posts almost three times the amount mine does, never mind the rest of your pseudonyms. I post the risk-related links from many of the same source pages that you use. If I was posting the same amount of links in your favour, you would be signing my praises. Just be mature about this now.

I agree, Luca. Getting in that low is a sensible move. Well played.

I appreciate the moderators doing their job on this feed. It's unfortunate for Jacob, though.

Luca,

FID on the 500MW project, if it proceeds, is not anticipated before 2028. Consequently, the recent news regarding this project did not significantly impact the stock price.

Regarding ITM Power's financial performance, the company has not disclosed detailed financial information related to its current contracts. Therefore, the actual revenue generated from these contracts remains uncertain. The "sales pipeline" has not been enough to attract any large investments so it cannot be much of a pipeline.

The company's current cash reserves are expected to sustain operations for approximately three more years. Your average price however is good so you should see some returns if you are heavily invested, just not enough to generate significant wealth.

Kitesurfer, For the whole of this year, there has been all the so-called hype, and Helikon has not budged. They have done very well for themselves. They will be sure to exit at just the right moment. Panic free.

How do you see them panicking? There has only been one loser, the buyers. I am sure over the last 4 years, much more panic has been on that side of the fence.

And if China/India are producing it for $2 per kg or less? Where will the the buyers go? Read the article Laurie, get your head out the sand.

All in one place:

https://www.hydrogeninsight.com/production/green-hydrogen-will-be-far-more-expensive-than-previously-thought-up-to-2050-bloombergnef/2-1-1758155

https://www.hydrogeninsight.com/electrolysers/why-is-chinese-electrolyser-maker-longi-hydrogen-investing-6-2m-in-european-rival-hydrogenpro-/2-1-1758040

https://www.hydrogeninsight.com/transport/board-of-hydrogen-truck-maker-hyzon-votes-to-dissolve-loss-making-company-as-money-runs-out/2-1-1757744

https://www.hydrogeninsight.com/transport/man-seriously-injured-after-faulty-hyundai-hydrogen-bus-explodes-at-refuelling-station-in-south-korea/2-1-1757947

https://www.hydrogeninsight.com/policy/analysis-after-a-year-of-political-delay-and-project-cancellations-will-2025-be-any-better-for-the-us-hydrogen-industry-/2-1-1757640

https://www.hydrogeninsight.com/production/over-a-fifth-of-new-european-clean-hydrogen-capacity-is-now-stalled-or-cancelled-analyst/2-1-1752280

Unlucky, It appears you may have missed a key point in the Bloomberg article. Our discussion extends beyond the procurement of Chinese-made electrolysers. We're considering a broader landscape where China and India are likely to become dominant players in green hydrogen production due to their potential for cost-competitive manufacturing. China is so far ahead already as we speak already exceeding the EU and UK 2030 targets.

It's no secret who the ardent ITM supporters are. For those questioning ITM's lack of ROI and the significant losses faced by many shareholders.For those wondering why Helikon is maintaining a short position, consider these factors:

Industry Headwinds: The industry grapples with challenges, including:

Global Competition: Cheaper production in China and India poses a serious threat. (See the links)

US Market Loss: ITM's diminishing presence in the US market is a major concern with only Europe, namely Germany and the UK left. Trumps anti-global warming agenda is a cause for concern

High Green Hydrogen Costs: The exorbitant costs associated with green hydrogen production from the start and its end product significantly hinder profitability and institutional investment. (See the links)

You do not have to dig very deep for the answers. You just have to acknowledge that there is a high chance of ITM not delivering the stellar results you once hoped for.

More bad news for the industry in Europe.

https://www.hydrogeninsight.com/production/over-a-fifth-of-new-european-clean-hydrogen-capacity-is-now-stalled-or-cancelled-analyst/2-1-1752280

Hydrogen Insight recently posted six top stories highlighting the realities of this market. Still burying your head in the sand?

Barely Afloat:

https://www.hydrogeninsight.com/electrolysers/struggling-danish-hydrogen-electrolyser-maker-secures-11-2m-short-term-loan-to-stay-afloat-until-end-of-march/2-1-1758142

Forget about ITM and their attempt at the USA markets, remember that RNS they released about it:

https://www.hydrogeninsight.com/policy/analysis-after-a-year-of-political-delay-and-project-cancellations-will-2025-be-any-better-for-the-us-hydrogen-industry-/2-1-1757640