Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Also confirmed was the reason the 200kw S-Series liquid cooled system has been delayed, is due partly to software problems that have had to be resolved. The system should be completed and delivered to ABB in the next 2-3 months, with CE marking taking up to a maximum further 6 months. So could see orders and CE marking by end of 2024
A good presentation from AB and PD-C. From the meeting I feel that AFC know there is substantial demand for their products but do not want to rush into a position whereby signing contracts with everyone will see the demand outstrip the supply, similar to ITM. This would not reflect well on the company, and so by focussing on the short to mid term supply with current partners, AFC can expect to meet their contractual obligations and revenue targets, whilst expansion of the company is aligned to it's commercial growth. Very sensible IMO.
Ade could be right this time. Announcement of sizeable sales could see the share price double. This could then also prompt the closing of the short and millions of afc shares being bought back pushing the price higher. It's a nice thought to end the day on 😊
Will certainly be hoping for more information on this in the next update Klunk. This will be massive for AFC and should generate MW's of orders especially if AFC are the preferred choice in the MENA area and have first mover advantage.
Whilst Daz is often negative on AFC I do agree with him/her on this. It will be slightly underwhelming if a TAMGO announcement was for a few trial fuel cells after all this time, unless there was the carrot of multi MW's of orders if successful.