Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
Video of that https://www.youtube.com/watch?v=73U9AbulOA0
A different one also worth watching https://peelhuntnewenergycleantechnology.gallery.video/240228
I think ARA will tell us which targets the next well(s) will be targeting. They don't need to give us an aerial view map of locations, a line on the North-South cross section like I've shown would be fine, as nobody in Tanzania would be able to work out exactly where that was on the map as it could be anywhere in possibly a couple of kilometres East to West. They could even tell us with no diagram at all, just a list of targets for the well.
Dustofnations,
My name isn't Brian, not according to my birth certificate, driving licence, company access card, or anything else, so kindly call me by my handle on here 'StockCheque', which is all that has any relevance to me of this board. Do I call you Bartholomew or Cuthbert? No.
"in distant future" is all very subjective. It all depends how quickly QED reaches a MCap that would make it worth listing on Euronext, which would be much lower than that expected from a NASDAQ listing.
These are the average MCaps that companies list on these markets:
Euronext Access® & Access+® €39m (£33.48m)
Euronext Growth® €89m (£76.41m)
Euronext® €2.7bn (£2.32Bn)
https://www.euronext.com/en/raise-capital/how-go-public/choosing-market
So either of the first two could be done if everything goes to plan, once the MCap goes up to those levels, which may be "in distant future" to some but not to me. 'Distant' to me, from an investing perspective, is over 3 years away.
'Euronext Growth' would be ideal, as QED would be a growth stock once the fuel starts rolling out to MSC.
Another option I've drawn on the chart could intersect 6 targets. I've called it CH-3 but could easily be CH-2, as it's closer to CH-1 than my previous position so could get drilled first which saves a bit of moving to and fro.
https://ibb.co/MsHYyvG
I'm going to go for the next well after CH-1 being through the Twiga, Albian MTC and Ravine.
I've drawn my chosen well location on the map, where they could drill to test all three in one drill.
https://ibb.co/cxr8P06
A bit left of that and they would also test the Ntorya Extension, so four targets tested with one well. There's even a small prospect in the Neogene-Recent sands at the top to make it five. Further left they could also hit the Permo-Triassic (Karoo) target, although moving further left would reduce the thickness of the Jurassic they were aiming for unless there's a thicker spot more East or West of that on the 3D view.
Brettington,
The company can't control the stock market, which has had billions drained from it that has been moved to foreign markets. Show me a small cap or mid cap that has a higher Market Cap than it was before Brexit, they are few and far between. The Capital Markets Day could change that for AFC Energy overnight, hopefully it will.
What AFC have achieved is:
30kW system completed and commercial and now production is flowing for that system.
Deal with Speedy Hire and already worth millions before they are even flowing off a mass production line.
Deals worth £27.5m before anything is even flowing off a mass production line.
Completed the 200kW system build (a much more complex task than the 30kW by the looks of it) with just final wiring being done a few weeks ago.
Sale of systems to ABB that once flowing should kickstart mass orders from them and others.
Rapidly developed the Ammonia Cracker that is already valued by industry experts as being worth far more than the AFC Energy Market Cap.
Based on that the options are fair and I have no trouble with them, as they still have to achieve the targets and then pay the money for the stock, it's not like they have been given those shares, they have to earn them and pay for them.
9 new targets on top of NT1+2 and CH-1 that is.
There are 9 targets listed on page 18 of the ARA 3D report. 6 of those are P10 above 1TCF, so I think they will drill those 6 in quick succession.
https://aminex-plc.com/wp-content/uploads/2024/03/APT-Revised-Resource-Potential-Mtwara-Licence.pdf
Hopefully this Tuesday RNS.
The important political people that need to be at the presentation ceremony are engaged all weekdays in Parliament until end of June, so that only leaves weekends for them to do the ceremony. This weekend is as good as any, and they've had a few weeks to organise the event. Anyone's guess as to which weekend, but Hon. Doto Biteko will want it wrapped up ASAP.
RE: "It is a sensible thing for management teams to consider once they reach a certain size and sustainability"
For sure, but as with anyone in the finance industry I'd rather the powers that be fixed the UK market.
RE: "A few UK stocks I holding are considering re-listing in US to get fairer valuations"
I asked the following question on a recent Investor Meet Company meeting for another company:
"Have the board considered listing on NASDAQ to attract more institutional investors?"
Part of the answer was that the view is a NSADAQ listing would usually be looking at a market cap of minimum $500m usually closer to $1bn.
So if your companies are mid caps of that size then they could move, but if it's less than $500m then not so likely.
When QED get that big, I'd hope for a dual listing, maybe USA but because of Vertoro and the Biofuel bunkering there then maybe Netherlands on Euronext (Amsterdam). The Euronext 100 has done really well since the financial crash in 2009.
https://live.euronext.com/en/product/indices/FR0003502079-XPAR
"if they can get the development licence"
They have it, it's been signed of by EVERYONE that needs to sign it off, all they are waiting in is a presentation ceremony, which is not an 'if' its a 'when'. Could be this weekend.
Nobody can 'expect' a market cap, the market will do what the market will do, and we will just have to watch and see where it goes.
However, the current £26.82m market cap is genuinely pathetic.
It hit £350m at the end of 2013 with the Maersk trial lined up, but the market as a whole has dropped a lot since then with all the money flowing out of London to foreign markets, but even then, £100m or £150m would not be obscene for QED in this market with the MSC trial signed off. Will it get there, no idea, I'll watch and see where it goes, as I'm already fully loaded for the ride.
He would only cheat and bring one of these https://www.pinterest.com/pin/119134352620760394/
"presentations from guest speakers including Dan Evans, Chief Executive of Speedy Hire plc, covering the Speedy Hydrogen Solutions joint venture with AFC Energy."
"Presentation materials will be made available on the Company's website following the event."
I'm certainly looking forward to seeing the presentation on Tuesday. Hopefully some things in it that we've not seen or been advised before, some new images of the Ammonia Cracker, 200kW, etc too.
Yes RJ, remember that extremely high pressure that was found in Likonde-1, that is what is sitting under this stock, just waiting for something to come along and release it. That might be the licence presentation ceremony, the CH-1 drilling, the pipeline being constructed, first commercial Gas, something will create a big rally IMVHO at some point, something that wakes the rest of the market up to what this company has and causes a significant re-rating.
News Tuesday? Capital Markets Event Wednesday!
200kW was on final wiring weeks ago so could be finished build and starting FAT. Worth a LinkedIn post if it is.
Order from TAMGO is the company's top priority, they have been working together on TAMGO clients, the 30kW is ready to order, so could be incoming any day.
Plenty more going on that could produce an RNS.
"AFC Energy (AIM: AFC), a leading provider of hydrogen power generation technologies, is pleased to announce that it will host a Capital Markets Event for sell-side analysts and institutional investors on Wednesday 8th May 2024, beginning at 14.00 BST, at the offices of Peel Hunt, 7th Floor 100 Liverpool Street, Moorgate EC2M 2AT."
There is a staff incentive SAYE scheme.
https://www.lse.co.uk/rns/AFC/launch-of-2023-saye-scheme-q1wdxu3yrp8caev.html
3 sells just gone through, all at 1.27. Up from 1.2 earlier.
Finally on the move even on very low volume. Maybe the MM's got a whisper.
Dow Jones has opened up almost 500 points higher. Not sure what that's all about but hopefully the positivity will spread to the UK market.
Shows on ADVFN live prices (not L2, just normal live).
A buy just went through at 1.347.