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Don’t think the market is pricing this up until the issue of funding is announced. AFC will soon be skint according to last years balances plus the other additional funds from the EU and Southern. Why would AFC be valued any higher whilst the uncertainty remains. Hopefully once clarified the market will adjust the price accordingly to represent the potential game changing product AFC are about to unveil.

It's international happiness day tomorrow...hope for the best!

Looks like 3 x150,000 share buys today too. Maybe the buying is restarting just before the news.

...and we can just keep changing our mind until we get the right outcome.

AFC would surely have a plan for no deal Brexit or extending article 50. They can't just sit on the sidelines waiting until it's resolved. Trade will continue even if on WTO rules, so they should provide an update soon.

This was also my concern when I posted last week. Gencell appear to have taken the market lead in off grid power supply, which is frustrating as we were only recently told that the large scale stationary supply is also "a tough nut to crack". Are AFC pinning their initial revenue hopes on the partnership with DeNora and the integrated product they've been working on? hopefully we'll soon find out.

I hope AFC haven't arrived too late to this party. Although there are apparently 1.2 million off grid telecom towers publicity like this for Gencell give them the first mover advantage. News of successful initial installations will soon carry throughout the industry providing the confidence for other telecoms companies to purchase Gencell. This is not a de-ramp, it's a concern, as we have already been told the Chlor-Alkali industry "is a tough nut to crack" when it was supposedly "low hanging fruit". AFC really need to achieve PLACE fast and get their systems out there, and with as much publicity heralding "the lowest cost fuel cell in the world" as possible.

There seem to be a lot of industry events like DW posted below that AFC are missing. If their product is "fast approaching commercialisation" why miss these key events with the big players in attendance? Or are they content that the Hydrogen Council membership provides sufficient networking?

Sorry mis-keyed.

The quote was taken from Hydrogen Mobility Australia CEO. Let hope the significant progress also applies to AFC's contract with Southern Oil

2019 looks set to be a busy year for HMA. The association is currently working closely with governments to create a conducive policy and regulatory environment for hydrogen and fuel cell technologies in Australia to thrive.

“Our focus is on getting the standards, funding programmes, and regulations in place so that our members and other industry participants can grow their hydrogen business while minimising risk and instilling confidence in the future of the sector,” Johnson says.

“Our sector currently enjoys strong bipartisan support, so we know that whatever the outcome of the upcoming federal election, hydrogen will continue to be a priority area and therefore we expect a very busy year ahead with some significant progress.”

Funnily enough I was about to post last evening that it seems AFC are being left on the starting blocks, but I deleted it as I'm fed up of the sound of my own negative posts. :(
I thought Adam may have sent us AFC lovers a truly wonderful valentines RNS but..alas no. Jilted again!

Daz9643, although AFC are mentioned in the article it doesn't make a case for re-charging via the hydrogen fuel cell route as it states:
Hydrogen for that function is not only generally more expensive than electricity from the grid or distributed solar, but in this configuration also requires someone to deliver more hydrogen after about 140 cars have loaded up.
Is this perhaps why we appear to have publicised CH2ARGE but have no apparent partners willing to take a punt yet?

I also encouraged family to invest here after AB's interview in 2017, and increased my holding considerably also. Statements indicating almost done deals seem to be water off a ducks back to AB, and all these missed timelines over several years go to prove he's not just been unlucky once. He has to to take responsibility for all these missed deadlines or admit we're being strung along with fake news. If the products not ready then tell us when it will be ready.

I 'd be surprised now if the Southern deal isn't ready to commence until the 4th quarter this year, especially if they're still a couple of months from achieving PLACE. I hope AFC are still able to conclude deals with other companies this year, especially De Nora, or 2019 will be another damp squib.

I thought AFC have previously indicated that the next fund raise would preclude private investors. They must have institutional finance lined up, or de nora?

I'm getting the feeling that we're not being told something by AFC. Whether it's good or bad no-one knows but they're not keeping to their updates, they haven't exactly showed off the new CH2ARGE system, and there doesn't appear to be any rush to announce new partners despite being members of the Hydrogen Council. I'm hoping that it's a stalling tactic while they try and get over the line for longevity and PLACE. Then all good things will follow.

I must admit mind that the BBC interview in the AFC offices remained me more of a school chemistry lab rather than a commercial HQ on the verge of mass manufacturing. :)

https://www.marsdd.com/mars-library/licensing-as-a-revenue-model-for-technology-products/I posted the above link recently which refers to 'Licensing revenue models' which I also think could be our revenue source over a placing. The document states that licensing is relevant in the CleanTech sector, most commonly to sophisticated technology with IP agreements.Licensing revenues can be structured in different ways, with upfront payments by the licensee or with payments that are revenue-dependent. To license successfully, a company will require the funding necessary to develop their technology to the point where it becomes a suitable add-on to the offering of its licensee partner. Royalty fees may accompany licensing revenue on a per-unit-sale basis, or the parties may use some other transparent means of measuring usage of the licensed technology.The AFC / De Nora partnership appears to suit the above model and an upfront payment could avoid a placing.

I am really hopeful that the contract for the stack manufacturing will be announced very soon seeing as we'll be almost 4 weeks past the end of 2018 by Monday. Surely there can't be a prolonged delay seeing as the 2018 timeline was only announced in November.

Hi Notes, do you know if the interview is a BBC news item or part of a program/documentary on clean energy etc?