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The ITM investor presentation mentioned some news recently released about the Refhyne 2 project but I cannot find it. The FID was due last year but things have gone a bit quiet there. My findings posted before simply came from a Chat GPT search. Now I am trying to verify. When the question was put forward in the ITM presentation, the answer seemed a bit too deflective for my liking.
The update on Shell Refhyne 2 is that progress has been slowed down by two main factors:
1. ITM Electrolyser Setbacks: The UK-based electrolyser manufacturer ITM Power, responsible for building the 100 MW electrolyser, has scaled back its expansion plans, impacting the project's timeline.
2. Regulatory Uncertainty: Concerns regarding regulatory approval in Germany have also contributed to delays. The German Parliament recently extended the scrutiny period for a delegated act related to the project, pushing back the potential final investment decision.
Can anyone confirm or elaborate on this?
Cureboy, don't forget that that all happened before the war in Ukraine that shocked the global economy and as a result many investors, including institutional, got burnt.
Very positive news today. I expect many will be taking their 10-30% profits very soon when the hype starts to dwindle. No news of any new orders so thus no other reason to rise much more. They are very well positioned for when the time finally comes, for that reason I am holding. It is now a matter of when, not if.
Lejjb, forward guidance for tomorrow's results has already been provided. Speculation often precedes earnings announcements, which can lead to a stalemate in the stock price until the results are released. As for your point about stock prices dropping and rising, conversely share prices can continue to decline following announcements, particularly if they contain unfavourable news. We just have to wait and see and until then keep realistic expectations
Let's not forget the geo-politics and unfavourable economic pressures that we are still fighting against. These are the very reasons that so many stocks got battered in the first place.
It looks like the results for tomorrow are priced in. Unless they announce shockingly good results above the expectations, or some concrete orders, I would not get excited for any massive pump tomorrow. It will be great to see those shorts reduced as well.
Bilboburgler the demand for green energy is growing rapidly and with that the supply will follow. Your views sounds like those of a conspiracy theorist, or someone who wants something to change way too fast. What you say may well be true, but it cannot last forever.
Yes, they are, just not with the urgency we want, not yet. Look at how far the technology has evolved over the last 10 years. The next 10 will definitely see a massive deployment of green hydrogen production. If you doubt this, then don't invest in it.
Or those who followed the Davos World Economic Forum, Germany is placing a significant emphasis on green hydrogen for its steel production. ITM is well-positioned to capitalize on this trend. Green hydrogen is undoubtedly the fuel of choice. We just need the global economy to stabilize and interest rates to decline. Oil giants are also moving in this direction, and green hydrogen will steadily become an increasingly important commodity in their portfolios."
Pony4sale I hear you. The way I see it is not just to focus in ITM but the green hydrogen industry as a whole. There needs to be massive amount of private and government investment to bring it into fruition.
The problem is that in the current financial climate, many AIM and small cap stocks are being hit hard with interest rates, borrowing costs and funding. As low as it's going, it can still go more. And when there is no news to explain the drop, it gets even more risky to top up, even at these levels.
Some big sells at the end of the day. I wonder why? Looking out for likely RNS next week. At this rate we are heading to 2019 levels. Not to put all the blame on ITM, yes they have a lack of sales but the UK economy seems to still be teetering on the edge of a recession. Risky times for AIM stocks.
Cureboy, that was before Putin started a war in the Ukraine and wrecked the global financial markets. That's the nature of these black swan events.
How were the analysts so far off? They predicted increased revenue with pre-tax profits. Just another case of why analyst forecasts in general are downright dangerous.
AnnaB, from the money he has filtered out of Velocys, he can afford the best therapy.
It's time to walk away, the deal is done.
How can there be this many in such a small company? I count 98 in total. How does that work?
How reliable and recent is the MS data? There is plenty of outdated info there as well.
I would rather see VLS go into insolvency and lose what little I have left than for Henrik Wareborn to continue in is position at VLS. These guys lined their pockets instead of putting the company and shareholders first. Now they have taken another opportunity to turn their backs on the shareholders and still get paid. That is why I voted no.