Member Info for Testudo

There's a thing in life called status games. They're what everyone plays – careers: status games. Nice houses and cars: status games. Virtue signalling: status games. The journalist Will Storr wrote a book about this; it's interesting. Tl;dr: they're broadly pointless, and often actively inimical to happiness.

Which brings me on to Bullsit and JJ. These guys are chasing status. "Told you so," is what it amounts to: that favoured status game of the primary-school playground. And that's all the value there is to be derived from it.

Lots of hand-wringing and pearl-clutching on the share price. Well, here's some commentary with actual value: it has plummeted because long-term support at 0.866p has been broken. That's it. It's now looking for a new level. Depending on when it finds it, the decline will halt when it hits the long-term falling trendline dating back to the high of 19th June 2024. It will bounce there. If this happens today, it will stop at 0.3p. If it doesn't hit it until the start of October, then it might not stop until 0.12p. But stop it will, and then it will reverse.

Hang in there if you want to, sell if you don't. But please let's stop making this a playground for pointless status games. We all left primary school a very long time ago.

Three defence orders you say? Wakefield location you say? Well never…

https://x.com/defencehq/status/1964966677625377257?s=46&t=exyYrjSEzjThDzZHRxtsWQ

With respect, Bullsit, your commentary is literal guesswork. It's based (I'm guessing myself here; please do correct me if I'm wrong) on the fact there have been no RNS announcements lately. Idk, but - this is speculation too - maybe with $12m cash in the bank, they don't think the sale of individual units is price sensitive any more. Maybe they've sold two or three and kept it to themselves for now to juice the SP with a nice surprise when results come around. Would certainly fit with what the charts are saying from a technical perspective. I might be wrong on this, of course, but either way I'm not too concerned about losing money. If I were, then I wouldn't be able to make it the way I do...

Judgement too, Bullsit.

So did your research miss how, this time last year, the company posted the following?

• Group revenues for H1 2024 of US$1.1m (H1 2023: US$0.1m), reflecting increased commercial traction

• Operating expenses for H1 2024 of US$4.6m (H1 2023 US$7.7m), reflecting the focus of expenditures in the

highest value areas

• Successfully raised gross proceeds of US$12.6m (£9.9m), including the participation of existing strategic partners

NUKEM Isotopes GmbH and Bracco Imaging S.p.A., and certain Directors and management of the Company,

extending cash runway until at least Q1 2026

• With the H1 2024 revenue and orders received to date, the Company is raising its revenue guidance for 2024 to

a range of $2.5m to $3.0m

Then in the annual results it said:

"We ultimately surpassed the top end of our guidance, delivering revenue of US$3.1 million for the year.

"We maintained a disciplined approach to spending, reducing cash operating expenses to US$8.5 million in 2024—down significantly from US$11.1 million in 2023. In June 2024, we completed a financing that generated gross proceeds of US$12.6 million. The Company ended the year with a cash balance of US$12.1 million."

So H2 rev for 2024 was $2m (because, for the hard of maths, FY $3.1m - H1 $1.1m = $2m). The company expects to exceed this rev rate in 2025:

"...Supported by a robust pipeline of opportunities the Company has been actively building over the past year it remains confident in achieving its previously stated revenue guidance range of US$5.0 million to US$6.0 million."

So that's between 25% and 50% higher than POLX's best two financial quarters ever. And with a $12m cushion in place even before a penny is earned. Even allowing for a (pretty bleedin' unlikely) 50% increase in cash costs and for only the bottom end of that revenue guidance to be achieved, there would still be $4.25m in the bank, which in turn would still be enough to trade through to Q3 2026, all things being equal.

So what we are saying here (aren't we?) is that *in the worst-case scenario*, the company's expectation from this time last year that its cash balance would run to Q1 2026 has in fact been extended until Q3/4 '26. And, yet, despite that positive, in the 12 months since it was reported, the share price has - literally - been cut in half.

The company has been quite clear that the bulk of rev would come in during the back end of the year, just as it did last year. I'm actually *really* looking forward to the results. From a technical perspective, it would take very little indeed for price to shrug off the downtrend line it has been anchored to since June. Look at the three-month chart: an expanding, descending wedge is extremely bullish.

I for one believe price will meet expectations very soon. But then, I have the luxury of being able to wait, since, having an average price of 1.05p on my purchases I don't have the gnawing fury of having got in at 30p. I expect that would cloud my

When you have someone who's invested as much time, effort and research into a company as this guy has, who chooses to sell at the literal all-time low, then that's bullish. "When the last bull capitulates, the bottom is in." The guy even calls himself Bullsit ffs.

Great thinking. Delighted to see the pivot come to pass, because it makes perfect sense to take all these terrific Carclo strengths into the defence sector. This opportunity was what got me involved at 9p, and I'm naturally very pleased the company is realising its potential. Much, much more to come, I'm sure!

However, that said, if I were manufacturing drones, I absolutely would not tell the world about it either. Because if I did, then my civilian company would become a legitimate military target. So, aside from the SP, I guess we'll never know if I'm right. (And that's OK.)

No indeed, but it should be. There's a £5bn fund available for UK companies who can roll out an indigenous supply of drones. With nationally leading expertise in technical plastics and optics, along with an aerospace footprint, the pivot shouldn't be too hard to achieve (particularly if in partnership with battery/magnet suppliers). I wrote to the Carclo CEO on Linkedin mentioning this a couple of years ago. Coincidentally, his name is Frank too. (LOL!)

Been saying it for years, but this pivot into the defence sector (which, even before the company even said they were doing it, I have been speculating is in drones) is going to push this companies SP back to its ATHs...

"Major achievements include securing £4.2m in precision component orders for next‑generation commercial aircraft engines over three years, and successful launch of air force defence solutions opening fresh revenue streams with initial orders from three major defence contractors."

DYOR. GLA!

So what we have here is a company developing a breakthrough technology that has proved, at best, scientifically very highly challenging in a process that has historically been considered too energy/capital intensive to pursue without renewables. But you, Stas, seem to think it can be developed for pocket change and a bag of crisps.

This speaks more to the quality of your appraisal of investments than to the robustness of AFC Energy.

“The days of hype and covid cash are over,” says Aldebaran, with all the contrarian-indicator accuracy of a cover of The Economist.

Mate, if AFC has survived this long with bank rate in the 5% range, it’s pretty robust for a micro-cap. Governments are skint. Rates are tumbling. QE will return. You don’t need everyone to be coughing and sneezing for money to flood into the economy. And when it does, even the dogs will fly. And this is no dog, my friend.

Imm here for a 100p+ price. I have every confidence we’ll hit it in just a few short years. DYOR. GLA.

Puzzled by the negativity on here. The share placing raises £27m of capital for 20pc more shares. With a pre-placement market cap of c£115m, that's pretty much neutral on an enterprise-value basis. But it strengthens the balance sheet enormously. If you're sufficiently bullish to hold these shares at 17/18p, you definitely should be now. This is a future powerhouse, literally, metaphorically and financially. The market will wake up to that in time. Cheer up, everyone. The sun's even shining.

Take a look at the 3m chart. Massive descending broadening wedge across the past 12 months. Current candle closes in a fortnight. That’s when the fun starts for this share. Thirty pence one day, imvho. DYOR!

A daily close above 1.6p would be rocketfuel for this share.

Hi Stamb. Yes, I do. Because it was me. The breakout is in.

You think shares never trade on charts? You think this share's respect of technical levels is coincidence? Say you don't understand charts without saying you don't understand charts. If you're investing without any regard for the technicals, then you are chewing without teeth. It will take you a *lot* longer to feed.

Just saw you can’t zoom in on the chart there. Updated chart that’s easier to see here;

https://www.tradingview.com/chart/POLX/szB3rxxD-POLX-a-technical-share-where-fortunes-will-be-made/

I love this share. It trades so technically. Today’s pump comes because it has broken out of what had previously been a failure of major support (a downtrend line that held up price from February to May last year. It’s now got uptrend resistance to contend with, where it’s been contained since March this year. But if that breaks then things could get quite explosive. I genuinely see this share getting to c16p in time, perhaps even 30p one day. Fingers crossed!

For a good look at what I’m driving at, see here:

https://www.tradingview.com/chart/POLX/3acby7tf-POLX-a-technical-share-where-fortunes-will-be-made/

Nothing sinister. It’s hit a S/R level. Look at the 4H chart. Lots of wicks bouncing at 1.3p. So people will have set their sells there. If it blows through that (and the momentum suggests it will, then the next target is 1.6p.