Member Info for RickSanchez

Helikon Investments know something, that is the safest assumption to make here. They know the shorting game. ITM, despite their recent positive investor presentation and vague "multi-hundred megawatt" twitter announcement, cannot get their stock price up. Perhaps Helikon know why and the reason gives them confidence to keep shorting the stock even at these low levels. No news on Shell Refyhne 2 for ITM's role either, in fact there is a black void when you try to find answers on Refyhne 2 as a whole. Project start dates, budgets etc. Perhaps bad news coming?

AFC's lack of RNS updates has their investors going full 'Lord of the Flies' on this feed. We're talking conch shell power struggles, face paint made from crushed stock prices, and heated debates over whether to invest in coconuts or fire-starting supplies. Savages I tell you.

No more info at all? No names, figures or dates? Pointless and highly unprofessional. Not what I expected from Dennis. Hopefully he makes up for it by dropping a bomb of a deal on the table very soon!

This was placed four days ago so unlikely that it had much to do with todays drop.

MikeC365, that must have hurt! But if you got back in at a low price, then you have a second chance. My play here is to hold, as hydrogen is a fuel of choice for the future. ITM is well-placed to be a leading player in the field. My main concern is competing with China, as they could are manufacturing electrolysers much cheaper. ITM seems to be very strategic in keeping their cards close to the chest about their technology and pricing strategies, so I hope this will be enough to steer investors away from cheaper Chinese alternatives. Then, once the global economy stabilises and interest rates are cut, we should see some great recovery here with some ITM orders being placed.

The 70p range will be nice place to end up this week. For now though it could easily go back down as people take their profits from the 45p lows (smart). We need news on large new orders, that will really boost the sentiment for ITM and push things closer to £1.

Onsolidground thanks for this link, I look forward to this evolving to hear more info on ITM's role, there is no mention of this in the link you posted. I will also be good to know the FID funding numbers.

Wig1 yes I saw this as well. This is a old information. I am trying to find out what news Dennis was referring to that was recently published. The points I discovered in my earlier post are old new and have been resolved positively. Hopefully the FID on the Refhyne 2 project is announced soon. Europe has big plans for hydrogen, that's for sure!

https://energy.ec.europa.eu/news/renewable-hydrogen-production-new-rules-formally-adopted-2023-06-20_en

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.