Member Info for toneman

For 60 bar or 600 bar bilbs?

Probably, yes.

Different technology isn't it bilbs. Rockets use liquid fuel so just super cold, no real pressure? The tanks here hold gaseous H2 at 60 bar pressure. Perhaps if we put that in the rocket instead you could just release it out the bottom end and send it up like a deflating balloon.

Sure, no problem Takayama. There are many investors who still try to justify a billion pound market cap company solely on today's profit and loss. The preliminary results to end of October are still going to be miniscule and for those investors who don't seem to understand the company's current position have for the last few sets of results simply sold on the day and caused a 10%+ drop. So all I'm suggesting is that anybody predicting yet another repeat of history might be selling ahead of Thursday looking for a cheap win and a better re-entry price. I'm hoping that they're wrong this time and that there will be no-one left to sell on Thursday. As soon as they realise that's the case they'll pile back in. Market makers, in my opinion, tend to open the day with the same outlook, tiny revenue = sell, and mark the sp down at the open. In that case it could be a very short dip. Pure speculation I should add, I have absolutely no idea other than the revenue numbers are likely to be very small, but I'm hoping a positive outlook will compensate.

At least being down at this price before Thursday could soften the one-day drop, if that's what we get. I'm hopeful that many people are selling out early because of the last few reporting days we've had that culminated in a sharp drop. In that case even if the news is not pleasant there might be no-one left to sell which would result in a very short drop based on market makers 'instincts' and then everyone piling back in thinking they've won this round. Really though at this stage I'll be just as happy to get it over with.

Well that ought to do it Woody.

Bellers I tried short-term trading on mining stocks in my early days. It nearly wiped me out, and so quickly too. I've never dared touch them since.

Are you cheating on us Bellers?

Sandy Munro on his YouTube channel has a five part visit to the Nikola factory and checks out both the battery and fuel cell truck progress. It all looks quite promising. Here's the link to part 1...
https://youtu.be/ONICQ9Xcaug

That seems a bit harsh Woody. Most of the posts seem to be directed at nobody in particular. Just a general free-for-all.

btw - of course I meant 200MW, not GW.

Does anyone think we'll get a substantial announcement just before next week's trading update from ITM? I'm speculating based on two things. 1 - the considerably earlier timing of this update which for the last couple of years has been held back until mid/late January. And 2 - the recent write-up someone found recently about the 200GW expectations around Linde.

Quite comical. The RNS says "SFN and Mr Falih Nahab are...providers of finance to the Company". Until the recent waiving of conversion rights the actual providers of finance have been the retail punters every time Nahab sells you his 2p-5p shares for 40p-80p. He then lent that profit back to PPS for more interest and more shares. Rinse and repeat.

Without that scheme where is the future finance going to come from? Is Nahab going to put in money without a high interest rate or is PPS heading for the rights issue route?

The company makes £1m revenue each year and is expected to pay back its debt pile of £80m+ due on 31 Dec 2025 (4 years away). How do you suppose they expect to make that happen?

25% of current market cap in debt. If they did a rights issue to pay off the debt they'd need to market about 200m new shares. Total number of shares in circulation would be 975m. It's hard to imagine the market cap being worth any more than today, maybe less. So the share price would reflect about 33p. That means the reality would be more like a rights issue of 350m shares at a price of 30p and would make the company debt free but with only £25m in working capital. That's if you base it on assuming that today's market cap bears any sense of reality. I think a fair value based on the current situation is a lot closer to £100m.

And those figures are all before the proposed stock split. Why on earth do they think a stock split down to 15p-20p suddenly makes the shares attractive?

Bottom line is I still don't see any reason to get back into this share.

The only solution I like less than this one is catenary wires. There's always a subtle irony when people who advocate battery electric vehicles, in all seriousness then go on to develop crazy add-on systems that are needed to make them acceptable in the real world.

tiggerman, I think the long term bet on hydrogen being dominant in the energy space is sound. BUT, will it be green hydrogen (ITM)? That's what investors are still waiting to find out. So surely fuel cells (AFC and Ceres) are a dead-cert? ...not so fast.
There are a number in the automotive space think it's going to be hydrogen combustion engines rather than fuel cell. And hydrogen-powered turbines if you want electricity. The question is still over the dominant source of hydrogen long term.

Personally I'm not a fan of blue hydrogen, but in the grand scheme of things my vote barely registers.

Frankly, it's unbelievable that the major oil companies have been asleep at the wheel over this. They should surely know that fossil burning has no long-term future, which threatens their very existence. Strange then that they haven't been building blue hydrogen demonstration plants left, right and centre. Their powers of lobbying governments are legendary, aren't they? The worry for investing in ITM is that if they finally get their act together and get full-on behind blue hydrogen we could find green hydrogen barely gets a look-in because ministers will swallow everything they serve up, even if much of it is lies. And that's where the money will flow.

The only dead-cert for green hydrogen ought to be converting excess wind-farm energy that would be otherwise curtailed. In the UK that relies on the government changing the method of supporting wind-farms that way. Not sure about other countries so I'm hopeful this one eventually takes off.

I'm in it long-term, 2030+, and I'm hopeful that the voices against blue hydrogen get louder and green ends up with a bigger portion of the pie. But it's likely to be incredibly volatile for a few years yet unless the direction gets clearer.

Despite the above apparent negativity, for the record I hold ITM, CWR, PLUG, NEL, McPhy, Ballard, PHE, PowerCell, and Velocys. I don't hold AFC because I think they need a different hero product.

That's a valid point Jj7. It raises an alternative option... fix the corruption first?

Birol said a few things that at first seem obvious... but are they?

He said "there are 600 million people [in Africa] who have no access to electricity. “That electricity [solar] first has to be used for the African people that need energy”.

That sounds a compelling and obvious statement, but isn't exporting energy also a potential big benefit to the African people and perhaps it's not unreasonable to export first and use domestically second.

I'm sure the middle East got rich on exporting oil not using it all themselves. I'd be surprised if they built up their domestic demand to any significant degree before getting wealthy on oil exports.

...at least all those that were *****in' and moanin' about not being allowed to participate in the recent fund raise at £4 can fill their boots.

...btw, sorry for all my typos this morning, I was in a bit of a rush. For anyone who hasn't yet worked it out GQ was simply one keystroke away from GW. My apologies to anyone furiously googling what a GQ electrolyser is and getting nonsense.

Graham Cooley was a panel contributor on this mornings topic "Scaling up to GQ Elctrolysers". He pretty much laid into them about getting their policy implemented. Paraphrasing he said 'We're ready, we've got a pile of cash, in fact we're turning away cash offers from the city, but policy is required to get the end users (Steel, Ammonia, Grid balancing) and generators (Wind farms and Solar) to step up and start rapidly implementing the transition".