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Good analogy Bovril-Gate,
Also the restaurant would soon go bust, paying the Chef more than the gross profit.
I wonder how the supporters of these huge salary packages feel when these company comes back to the shareholders for more funding (not saying AFC will need another funding round) but a proportion of the last funding round obviously went towards these pay packages.
Nothing pushes more than a 'package for success', something that any sensible shareholder should be pushing for.
A great believer in the future of the company, but I would have liked the opportunity to invest in that belief re an open offer, even if the open offer had been a percentage of the total fund raising (say 25/35%)
It is the dilution that rankles, and yes, I appreciate the investment in the company makes the company as a whole more valuable, but it does not take away the fact that whilst Vision Blue Resources, plus Institutional Investors will greatly benefit (if my faith is forthcoming) it will be us PI's as always miss out.
Just wondering how this will effect the feelings of holders.
Some will no doubt feel great, another product/string to the AFC armoury, whilst others will conclude that yet again, a new improved product that might just hold off those potential customers who were thinking of ordering one of the current models.
The above 2 scenarios are both credible to the sp direction, and to be honest, seeing how the sp/market behaved is previous, similar news releases, I have no idea which way it will go.
I must add that in the near term, 4 to 12 months, I think the present 38p sp will be nicely behind us.
Agreed some fields closed because they were not cost efficient/depleted, but several new discoveries, plus new drillings can not go ahead, due to the none granting of licences, even though the field owners want these licenses.
We need to use more UK fossil fuels, as at the moment instead of using UK coal/gas/oil we are importing it therefore increasing the overall world carbon footprint.
That is not saying we should not go as quickly green as possible, but in the short term the none green and the green fuels can work side by side.
The more money we save on fossil fuels by using our own supply, the more we can invest in green technology.
It will be the major oil/gas companies that will be needed to push vast amounts of money into the infrastructure that is needed, proven by how these companies are picking up speed in such green investments. They know which way the wind is blowing, so to speak.
So lets open up the North Sea fields that have been closed, and make ourselves more self efficient, as once we close off foreign sources as much as possible, this will push our green energy policy even quicker, because once a foreign supply system is cut off it is not easy re-opening that supply chain.
No doubt a strange take on the matter, but it makes sense to me.
TMNN,
Bitcoin and other crypto currencies have been mentioned in an article a few weeks back, regarding independent power source, due to going green plus the huge cost of the power used. Can't remember where I saw it though.
DG1066,
No matter how good/beneficial any company considers new technology to be, they would be irresponsible to their employees and shareholders to buy or lease more than a single unit, until that unit has proved itself in the field.
Only a fool takes the words of a company and their test results as gospel.
Give it a few weeks after the initial delivery, then lets see how many follow up orders there are, my thoughts are that multiple orders will follow.
Perhaps Keltbray wanted the talks to be kept quite, whereas Mace were happy for their name to be put our there pre order.
Can't see any other reason that up till today we had no idea AFC and Keltbray were talking.
Two weeks ago the first RNS was announced re leasing on a unit in Spain via Acciona, and now a another RNS re single unit leased in the UK via Keltbray.
So 2 units, in 2 different countries via 2 very large companies in the same or and similar businesses.
No doubt someone will find a negative in the fact it is unlt 2 units in total, but these 2 RNS's have to be one of the most important news releases by AFC since conception.
Previous RNS's have been mostly promises, MOU's or/and talks of collaboration, whereas these 2 RNS's are solid, facts of deals.
From little acorns etc etc, and whilst most of us feel that our AFC oak tree would never grow, try stopping it now.
We will very soon have a forest of them, well done AFC.
Gyroman,
It is the same company, just quoted on a dif trading exchange.
The dif in price is often down to an U/T on one platform, but not on the other.
Some brokers (not many) will look at the advantage of buying a companies shares on one exchange over the other, as long as they are bound by the same rules and can be bought sold on either exchange, IE interchangeable.
Hope that helps.
I don't usually post links, so if you want to see what Acciona is doing in Spain see https://inmobiliaria.acciona.com/residential-developments/cadiz/ or just put Acciona construction Cadiz Spain.
No doubt a few will post that it is only one system, but from little acorns etc etc.
We have either all seen, or/and read about how quickly the authorities can move when urgency requires.
Construction of anything, from roads, factories and all infrastructures can be built at great speed when necessary, so if the government is as serious as they state regarding being more self independent of power, they could easily speed up planning permissions and all other bureaucratic areas where delays are the main obstacle to construction.
Plus of course pushing all those involved in that construction, to get a move on, similar to what was in 1939 and 1948 called the war effort.
Not wanting to make this sound more dramatic than it is, but one of the main ways to stop or/and prevent further blackmailing events (because that's what the Russian/Ukraine situation started of as0, is to take away some of the powers of fuel supply from Russia.
Fully agree Dr A,
It would have been better to have agreed a time limit with Peel for the first build, as Peel have very little to loose just sitting on the procrastination fence, whereas all delays are hitting PHE in the FOAK pocket.
I feel that PHE would have done better going down the route of paying an independent company to get FOAK site, plus all other avenues covered by Peel, playing them on results, plus timeline met, with of course as in most contracts, extra time required bringing payment penalties.
If they had done so, it would not have left PHE being continually bent over the Peel barrel.
I would bet that the new CEO would not have settled for such a one sided deal.