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I beg to differ, the government are the ones holding the purse strings, local authorities have bairly any say in what happens anymore with barely any financial backing.
Are you not aware of how many authorities both Tory and Labour are going bankrupt? Mainly due to the reduction of funding from the central government? Local gov has no say in much as the country is nearly completely privatised and controlled via lobbying of the central government.
Why are you voting Tory if you are against corruption?
Where has our covid PPE money gone? Where is the money going to in Rwanda? How many Tory members have been red-flagged with undeclared tax? I could go on ffs.
I hope some of you lot are Tory voters and are getting your comeuppance haha!
Dishy Rishi and his awful U-turn on green policy has even impacted EQT now.
https://www.bbc.co.uk/news/live/uk-politics-66872792
From the RNS:
"NPg informed the Company that it was under political pressure to cancel the contract given strong demand for connections from new energy projects and aggressive development around the specific grid connection point relevant to the Project."
I wonder what sort of political pressure that is.
I wouldn't be surprised if we have some Oil & Gas backed companies on this and other projects by early next year, and the Tory party will be praising how well they are doing with investing in green tech haha! It's laughable.
You could see this a mile off. I've held off on any investments in Air source heat pumps, EV charging, or anything green until this useless U-turning government is out!
According to notes, they had a runway of 2.7 years as of June last year.
So 1.7 years left as of now.
So they will need to raise more money at some point in the next year I imagine, unless I've missed something along the way!
I am a part-timer after all and it does happen.
@MelvinAFC
"that isn't because they believe what AB says"
That's your get-out clause here, anything we say is going to align with what AB says because we believe the company has a future, and mostly with what he says.
That leads me to think you're either sour and have lost a lot of money here, or, you're some psycho who feels the need to bash other people and maybe hoping to try to reduce the price here to get back in...
Which is it?
Quick suggestion, if you're not happy about the company's performance, sell up and move on?
@visitinghost I'll believe what I want thanks.
Electricity doesn't meet the requirements for most industrial-scale applications, hydrogen does.
Of course, there will still be negative impacts we can talk about, but they are far less invasive than our current fossil fuels!
Perfect is the enemy of good, so why sit and dither over finding the perfect fossil fuel replacement, we don't have time!
I completely agree it looks suspicious, but that's what you get at the bootleg end of the spectrum where AIM companies firmly sit IMO.
These aren't professional conglomerates paying through the nose to hire the best talent, they are small/mid size businesses needing investment.
I agree the finances should be looked after better, and the BoD should reduce salaries and stop fleecing investors, but here we are all investing in ****e hoping the risk pays off, and we've only ourselves to blame!
If we wanted safety and a boring life we would be investing in a 3% return fund!
I think it will pay off long term, Hydrogen is going to play a huge role in decarbonising IMO.
You'll have to enlighten me here, if the two options are, "we need money to grow the business" or "we have no money let's shut it down", what would you rather do?
If they've spent it accordingly and are winning projects and advancing the tech whats the issue, don't be upset you are losing money, be upset you invested in an AIM stock!
I was under the same impression, this line doesnt fill me with confidence..
"This will result in 116,049,970 New Ordinary Shares
and 116,049,970 Deferred A Shares being in issue immediately following the Capital Reorganisation. "
More shares with the same company valuation == lower priced shares?
I'm not some mystery de-ramper here that needs blocking instantly, I'm genuinely trying to figure out if I should sell up or buy more haha
I've heard that one a few times on this board haha
The market does what the market wants, I'm expecting a more intense conflict in the coming year, a recession, a lack of government funding, and an all-out ****ty time for us all. But holding strong on all fronts as it always comes back around!
Is there a deadline for when you expect an update?
Who are you holding accountable if there is no update?
What is the cause of your anxiety?
Is an AIM investment right for you if it's causing anxiety? Maybe you're over-invested and risking too much?
These are questions I'd be asking myself if I was getting anxiety to try to calm myself down.
There are no power tower photos yet because they've not been officially sold or built maybe? The easy skeptical answer, but until we see or hear we don't know so why fret?
There's no press release because there's nothing noteworthy to mention yet, does that even need answering?
These are all obvious answers, so it seems to me like you're peddling negative noise for your own gain.
But if not then maybe you are anxious, and in that case, you might not be invested in the right place, these things take time, or fail massively. If the risk is too much why stick about?
I feel the same way, cautiously optimistic.
I don't see any other major alternative being pedaled as a replacement for diesel at the moment? (happy to be told otherwise here). So hydrogen either fails and we have nothing, or it will be a success!
Good to see from UK Gov, hydrogen champion appointed can only mean more visibility!
The future is bright, stick with it and ignore the moaning ****ers.
Remember, this time next year we will be millionaires...
https://www.gov.uk/government/news/hydrogen-champion-appointed-as-government-accelerates-uk-hydrogen-investment