Member Info for RickSanchez

LuckyLaurie you already know I sold that for a handsome profit near the ATH? Why are you still bringing this up? You know the joke is on you? If it reaches $2 again though then I will most certainly buy more! A lot more!

ITM is a loss-making company with just over three years of cash runway remaining (if they do not increase spending in the subsequent financial years). Jeff says Blue hydrogen will "keep the lights on" but for how long will the Blue hydrogen train run, long enough to put ITM out of business.

How long can ITM sustain operations before another stock dilution?

Until ITM announces substantial, confirmed orders (plural), with signed and sealed FIDs, they will not achieve significant growth and will continue to deplete their remaining cash reserves. I am not interested in preliminary agreements or small-scale "family business" orders. The 500 MW "capacity reservation" currently holds no intrinsic value. We already have just over 300 MW of confirmed orders, and their impact on the ITM share price has been minimal, merely preventing it from falling below 30p. This illustrates the magnitude of orders required to attract significant market interest. The 500 MW reservation may garner some attention if confirmed but without a substantial pipeline of further orders to follow, investor interest will likely wane. And where are these orders? They do not exist and everyone here is trying to read between the lines of the CEO's linked-in for answers to that question. I don't want to read between the lines, I want big bold RNS announcements telling me that they have landed another massive order.

Linde has 0.06% of their market cap invested into ITM. As total portfolio risk goes, that is their input there, low investment amount due to high risk. Its simple risk management so yes they only have some pilot projects running. 100mw is nothing to giants like Shell and Linde. As for RWE, they decided to use Sunfire for the remaining 100mw. I would say they must have some good tech as well, certainly seems so when you read up on them.

I cannot tell you how frustrating it is to keep telling you about my investment here. How many times must I say it, I have ITM stock, since 2020, before the hyped boom, was once a believer in the company and now I am not. It does not matter if I hold or not. Even if I was a bystander looking to get in, I would be expressing my views here just the same. I understand it is frustrating since you see the stock price reflecting my views.

As for the wall of green, it was a playful tit-for-tat with LuckyLaurie. I did not keep count but I say at that time the score was even. Did not see anybody pointing out his numerous posts :)

Brightfuture you must note that all those industries will likely opt for blue, far cheaper and CCS will mitigate the carbon. JCB, BMW etc, they don't care what hydrogen as long as they sell their vehicles. So when you say hydrogen we need to know specifically which will be derived from PEM electrolysis. Now can you give me some large, binding off-take agreements for green hydrogen projects? How many can you list? Have you not asked yourself why the UK pledged 22bn for CCS and only 2bn for all other green initiatives combined?

Jeff you have it the wrong way round, ITM need Linde, do you know how many articles I read about the 200mgw RWE project and ITM is not even mentioned, one could easily think it was a collaboration solely between Linde and RWE. Why would a company worth 160bn need a tiny company worth 200 million?

Jeff, lie, stated since November last year that I have been holding and again late December. I am merely stating facts. And getting abuse for it.

Onsolidground one thing you can be sure of is that that comment from Dennis has had a huge influence on the people in this group, so much so that it has been repeated in the double digits. On top you can be sure that what Dennis says has zero effect on the market, comment after comment his company market cap just keeps dropping. In fact it seems to motivate shorts to hold on and even increase their positions. Dennis is very excited because 2025 will earn him another million quid, paid for my the share holders. Who since that placing are down 92%.

Toneman, there will be knock-on effects for sure. Green H2 simply cannot attract buyers. Blue H2 will be the focus.

USA - To focus on blue H2 (Has Trump who believes climate change is a hoax, green energy is a scam)

UK - 10x more funding for CCS that will enable blue hydrogen (UK borrowing costs are going up, the economy is on the brink of more budget cuts, and the finance minister is looking to do deals with China for green energy investment)

Linde - ITM partner - To focus their core H2 market on blue H2

Financial Times, Forbes, Bloomberg, and Wood Mackenzie have all published articles on the high costs of green H2, which will weigh down on the industry, causing further project delays and cancellations. As we have seen with slow HAR1 funding releases and NEL's recent announcement, more pain is to come. Not to mention ITM's share price dropping back down 5% today.

Has it not occurred to anyone that Linde is investing billions into blue hydrogen projects that are in direct competition with ITM's product? If ITM was such a golden ticket as the regulars here believe, then why is Linde, who owns a 16% stake in ITM, not investing billions into green hydrogen projects as well? It cannot be more obvious than that.

The Linde CEO said so himself that green hydrogen is not cost-effective, and as a result, they will focus on converting the majority of their grey hydrogen to blue. While they are allocating some of their focus to small green hydrogen projects, these will be far fewer than their blue hydrogen goals. This is backed up by $3.8 bn fortwo large blue hydrogen projects in Canada and Texas and also a possible 1 GW project in the Netherlands, pending the outcome of the Equinor exit.

That sums up Linde and ITM's partnership, as I said, Linde's ITM powers stocks account for 16% of ITM's market cap and 0.06% of Linde's. It is clear to see who needs whom. If Linde pulled out of ITM tomorrow, we would see a drastic SP drop in ITM, and it would not even make the needle move for Linde. In fact, it would probably boost their stock if it is a cost-cutting exercise.

The die-hard holders here place so much value on Linde when ITM is a blip on Linde's market cap.

ITM Power Growth

Jan 2023 - 93p

Jan 2024 - 55p

Jan 2025 - 39p

After countless comments from Dennis and all the good news announced. Nothing but losses.

50 % of this clean tech is solar - 65% Chinese made. The rest mostly talks about battery storage, data centre's and clean AI tech.

No mention of the funding for hydrogen but there is a special mention of blue hydrogen. Another topic I keep highlighting. Here, the only mention of hydrogen from that article

"The Quest for Deeper Decarbonization

Ammonia is emerging as a key player in low-carbon hydrogen production, contributing significantly to both electrolytic and fossil fuel projects with CCS. In 2025, the CCUS sector is expected to secure approximately 70 million metric tons per year of CO2 capture capacity, bolstered by recent announcements of carbon management strategies that enhance clarity for CCUS projects. Despite the high costs associated with engineered carbon dioxide removal (CDR) technologies, the last three years have witnessed a surge in CDR offtake removal agreements, demonstrating increasing corporate interest and enhanced government policy support"

I am not trying to cause uncertainty. There are always two sides to every trade, the pros and cons. I am highlighting the cons. And they are mounting. You mentioned the phone company sticking to their principles despite what others think, well I am doing the same here, and providing data-driven facts to support the argument. In return, all I receive are personal attacks instead of logical counter-arguments.

So, despite being a holder of ITM stock (at a low price) and once being on the pro-ITM team, I can no longer view this as a safe trade. It is riddled with very high risk. Therefore, I stick to my principles and discuss the other side of the story. This is the side very few like to hear, but I am not here to please anybody, simply to deliver the facts of why one could end up losing their investment here. And the markets agree with me. Shorts increased. ITM need far more than what they have announced to date (we are talking about confirmed orders, not hopeful "but if they get it" orders). Instead of asking me why my intention is here, ask yourself why after all the news to date and all of Dennis's linked in comments, is this stock 92% down from its previous fund raise at 400p?

Rachel Reeves is feeling the pressure and looking increasingly desperate. The chance of the UK reaching the 2030 net zero goals is looking increasingly slim. Borrowing costs still to high and further budget cuts lurking around the coroner. Now she is desperate to clench a deal with China. What have I been trying to tell you all. And not long now, the deal with China will be clenched. Still think I am making it all up?

Straight from the time article: Not my words.

“When looking at renewables it’s really hard to get away from the fact that not using Chinese components pushes the price up massively,” a Whitehall source said. “When ministers have asked about the risks in the past, the answer has basically been it would be too expensive to uncouple ourselves from China if we’re going to meet net zero goals.”

What have I been saying about China, falling on deaf ears (heads in the sand) - This from The Times article: Time to wake up people.

"Labour is courting Chinese investment for its renewable energy “revolution” amid warnings the party’s net-zero pledge could leave Britain vulnerable to Beijing.

British diplomats have revealed that the government is involved in discussions with “leading Chinese wind power companies about investing in manufacturing or assembly plants in the UK”.

Sir Richard Dearlove, the former MI6 chief, warned against relying on China for Britain’s energy infrastructure. He claimed Ed Miliband, the energy secretary, would ignore advice from the security services in favour of an “ideologically driven” push to reach net zero.

Rachel Reeves is due back in the UK on Monday following a three-day trip to China to encourage investment in Britain. She has faced criticism for leaving the UK in the midst of a sharp rise in bond yields that has driven the cost of borrowing to 30-year highs.

While the trip yielded only £600 million of investment pledges, ministers hope that the new détente with Beijing will boost UK growth in the medium term.

In particular Reeves said there was “common ground to be found on trade and the climate to boost productivity [and] move towards a net-zero future”.

Miliband will also travel to the country in the coming months, after speaking to his Chinese counterpart in September and agreeing to “expand and deepen” partnerships on renewable energy.

“When looking at renewables it’s really hard to get away from the fact that not using Chinese components pushes the price up massively,” a Whitehall source said. “When ministers have asked about the risks in the past, the answer has basically been it would be too expensive to uncouple ourselves from China if we’re going to meet net zero goals.”

A government spokesman said that the biggest risk to energy security was “staying dependent on fossil fuel markets”, adding that “only by sprinting to clean power by 2030 can the UK take back control of its energy and protect both family and national finances from fossil fuel price spikes.

“Investment in the energy sector is subject to the highest levels of national security scrutiny. We take a consistent, long-term and strategic approach to managing relations with China and will co-operate where we can, compete where we need to, and challenge where we must.”

Oh Laurie, I am bored now. I post factual content and you cannot bear to see it so then you try to drown out my posts with repeated drivel, god forbid anybody else sees my posts. It must be difficult for you to read and then see the stock price reflecting my view. Might be time to pay attention to what I am saying and quit holding on for dear life. I have already counted my investment here as gone because the facts against ITM are far greater. Unless you are willing to wait 10 years, then maybe you can claw back some of your investment. Remember they will run out of cash in three.

It gets worse! ITM is essentially an experiment to Linde. ITM needs Linde, Linde does not need them, not even close! Linde so far investing 31 times more into Blue hydrogen than it's entire stake in ITM power.

Blue hydrogen will also fall under low-carbon hydrogen when combined with CCS. And remember, the UK allocated £22 billion towards executing CCS in collaboration with fossil fuel production, ten times more than they allocated to all other green energy industries combined. Let that sink in. Why did the UK do that? The power of oil and gas lobbying.

Now let this sink in. Linde has a stake in ITM of around 16% (under £100 million) that equates to about 0.06% of the Linde market cap. And we do not yet know what their investment will be on the Shell 100MW project. So 0.06% of their 160bn market cap, if ITM went bankrupt tomorrow Linde would barely bat an eyelid.

Linde has invested $2 billion in a single blue hydrogen project in Canada, which equates to 1% of their market cap.

Linde has already taken a final investment decision to build a new $1.8 billion blue H2 complex co-located with OCI's ammonia production complex in Beaumont, Texas – 0.92% of their market cap.

So, the ITM stake of £100 million plus the undisclosed Shell project investment. This is a drop in the ocean in comparison to their $3,129,101,288 billion investment into just two blue hydrogen projects. Thats It is really time to wake up and see just why ITM cannot sell its stock and short-sellers are increasing.

India will use more cost-effective Chinese made electrolysers for their projects. No good for ITM.

Thats 21094560 shares, the ones making them a heap of cash. So much so that Qube increased their stake. Their current strategy sees more money to be made. One thing for sure is nobody wants to buy this stock. Aside from a few scalp traders and retail gamblers.

India will use more cost-effective Chinese made electrolysers for their projects. No good for ITM.