RE: Within the next decade7 Feb 2022 11:37
Was waiting on a chunky order for far too long before I crystallised a loss. Not quite sure what a chunky order would look like. At best it’s going to be like ABB, ‘here’s an order for 1 unit and we’re see how it goes’. The buyer then gets its bit of kudos and greenwash, whist AFC continues as an R&D company burning cash. The only way this share rockets is if the sector comes back into vogue. The Extreme E RNS, that led the ‘dead cat bounce’ was weak. The news was a given and actually disappointed given that it didn’t include the hoped for expansion into the paddock. Good to see McRamper still at it but the facts are that AFC is a slow burn driven by the headwinds/tailwinds of the sector; thereafter the reliance on AFC being an actually winner is a leap of faith, just like it was for the players in the dot.com boom. His so called rocket ship and a stratospheric share price should be treated with the utmost caution.