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Is £7 per kilogramme cheap enough?

"Refuelling at the site takes three minutes and fills the tank with 5kg of pressurised hydrogen at a cost of £10 per kilogramme, giving a range of between 300 and 500 miles, depending on model. A fill up costs around £50.

....the target is to get the price down to £7 per kilogramme to make it cheaper than petrol and diesel"

https://www.thisismoney.co.uk/money/cars/article-3581468/First-London-based-super-green-hydrogen-station-opens-Teddington.html
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Some figures based on link:

1 tonne = 1,000,000 grams

Annual gold mined 2,500 tonnes or 2,500,000,000 grams

1 gram of gold costs $39.65 (price today)

Value of 2,500 tonnes is US$ 99,125,000,000 (Sufficient for one or two Tally accounts one would hope)
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DYOR
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https://www.gold.org/about-gold/gold-supply/gold-mining/how-much-gold
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It would appear that you are looking at potential returns from investing in gold vs stock in the Company.

Investing in the old "Goldbloc" would mirror the fluctuations in gold prices - as more sign-up the price should increase as more gold is held in reserve.

Investing in the Company (ex Lionsgold) would mirror demand for the shares - as more sign-up for the debit card the share price should increase correspondingly, and as such could give a much better return than any increase in the price of gold, over time.

Is there any reason not to hold both?
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GL
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Which non-Japanese companies are involved in the hydrogen project?

Isn't the major issue with PHE the inability to produce a continuous supply of hydrogen on a commercial basis?
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DYOR
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Thank you for replying, I look forward to confirmation of all 1.2p and 2.2p warrants being exercised.

The loss of pre-emption rights for ordinary shareholders makes any subsequent warrant issue unfair to all but a few. - with the stated interest in an IPO, it should be oversubscribed, at a premium to last trading price, without problem.
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GL
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Please disregard prior message - wrong board, sorry.
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bigmj

It is hoped that all outstanding warrants will be exercised before they expire, and that no further warrants are issued in any future cash raise - if the product is half as good as claimed there should be absolutely no valid reason to do so.
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GL

bigmj

It is hoped that all outstanding warrants will be exercised before they expire, and that no further warrants are issued in any future cash raise - if the product is half as good as claimed there should be absolutely no valid reason to do so.
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GL
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Good to see confirmation of the AGM has been sent out... only 7 days later.
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"... it is anticipated that revenues for 2018 will comfortably exceed the current market expectation of US$5.9 million... A further update will be made soon after the year end"

Once updated the price should exceed the 2p placing used to satisfy the US$1.1 million delivery due by December 31 2018 imo
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DYOR
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Bewarethebrokers

I've been posting here for some 3 years - please get it right.

The concept is good, ergo my investment in EQT, the only difference being that they have verifiable factual information unlike the "fluffy-could-be-read-many-ways" updates. Energy from waste is a huge and growing market but PHE have nothing but sparodic tests (I do not believe that a single reputable company will have anything to do with PHE until such time that they can provide factual data/warranties for a system operating 24/7/52).

If the DMG ever gets off the drawing board and into full operating mode for at least 18 months, I might be tempted to have a punt, but until such time there are far better places to invest: LION, as you suggest.
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Bewatethebrokers

Looks like you've just realised that PHE will not be the hydrogen supplier to Wrightbus, nor the Tokyo Olympics 2020...about time!

Despite the many attempts by wazzza to induce me to invest here I avoided buying a single share for the reasons given at the time, and since then.

As for doing a favour, perhaps a little honesty from posters about PHE, rather than hyperbole would go a long way - links to everything hydrogen is at best spurious imo

"snap crackle pop!"
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Dodger47

Here's some more "old news", try joining the dots.

http://www.route-one.net/articles/Bus_routes/Wrightbus_selected_as_sole_UK_fuel_cell__decker_supplier
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DYOR
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The Birmingham 3MW Bus Project

This is ITM Power's first project in the hugely promising hydrogen fuel bus segment and is expected to enhance our competitive advantage for additional future opportunities. The 3MW Electrolyser is built and has successfully undergone initial testing. The civil engineering works at the Tysley Energy Park are underway and will be completed in December and the refuelling station will be ready for operation in March 2019. 20 fuel cell buses are expected to be delivered in Q2 2019 to commence operation on Birmingham bus routes
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DYOR
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Piltick

It certainly is not PHE. Interestingly, Wrightbus has made absolutely no comment on the MOU.
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DYOR
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GL
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jabberba

Do you see the inherent contradiction in your statement?

The price was much higher years ago, but now it's totally new with large companies showing interest.

Then why isn't the price suibstantially higher than the 2.2p of January 2015 when there was no such interest?
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DYOR
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jabberba

I've been urging caution since the price was 1.75p. Wasn't the price 2.2p four years ago?
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Piltick

Ask again on January 1 2020, if not self-evident.
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1 Zero Patent Applications filed

2 Back to the Drawing Board

3 Further Placings
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GL
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DYOR
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