Member Info for toneman

You're a star Bellers.

Sharpeye, during the previous meeting something was mentioned about late filing, or unaudited accounts, I can't quite remember, but the point is that due to Covid a relevant activity had to go uncompleted and as a result some of investors were forced to vote against as it essentially broke one of their rules. If you can make sense of that vague and wooly explanation, I suspect the same will have applied this time.

The meeting was just a short formal exercise to accept the accounts. No other matters raised. Meeting lasted about 5 minutes.

Yes SatellitePro, with that sort of money they could install 300 hydrogen refuelling stations a year instead. We'd have instant national coverage (except for the lack of manpower to build it all probably).

I missed it live, but there was a short but useful debate in the house of commons at 5pm today.

I haven't found video of it, but here is the transcript from Hansard. It's quite an easy read.

https://hansard.parliament.uk/Commons/2020-11-26/debates/55D69F92-27D6-4216-B560-FB4E0C75417C/HydrogenTransport

Sorry BumbleB2, I probably read too much into your suggestion of discussing concerns off-line rather than on the forum. No problem.

Actually, I think I remember that this is a meeting to officially sign off the accounts. Anyway, hope it's with all the team in the new factory.

ITM have announced a General Meeting for tomorrow at 10.00am. Hopefully that's to announce that they've officially fully moved in to the new factory.

BumbleB2, I'm afraid I don't think you'll get your wish. These boards are an open platform for both positive and negative views, with very simple rules. As long as you engage with a constructive counter argument then any sensible investors will weigh up both sides and make up their own mind. Personal attacks and aggressive posts are not permitted so they can be easily removed. It's a shame when posters are just shameless derampers who think posting the same line every 5 minutes is productive, but all we can really do with those is use the filter. The ITM board is a great place with some incredibly useful posters. I hope it will ever remain so.

Given that Siemens Mobility is going to develop the train perhaps it would be a reasonable assumption that Siemens Energy will provide the electrolysis.

Only thing I know is if we had that level of destruction in the UK they can wave goodbye to any idea of more nuclear here. We'd lose a hell of a lot of the country too. Unimaginable death and destruction, I'm not really sure why the risk is accepted in the first place. One nuclear accident in the world should have been enough, but three in 50 years seems an unusually high occurrence for something that proponents would describe as safe. Personally I would look at the rate at which renewables can be deployed with a hydrogen electrolysis backup as enough justification to scrap (or at least not replace/expand) all nuclear for future energy generation. I know we will have some hydrogen explosions down the line and that's going to be devastating, but I would expect those to have far less death and destruction than a nuclear incident.

Let me rephrase that...

One of the things I've learned over the years is I can be right about something long-term, but until then if no-one else agrees with me then I'm wrong.

Exactly what we were talking about the other day. This is why I'm a little wary of investing in AFC. I'm not saying that AFC don't/won't have future hero products, but I don't think their hydrogen-fuelled EV charger is a good long term proposition. Because if it's needed, then actually those vehicles need to be fuel-cell in the first place. Short term though, loads of people seem to be persuaded otherwise so I suspect it'll probably do ok.

One of the things I've learned over the years is you can be right about something long-term, but until then if no-one else agrees with you then you're wrong.

My experience of writing to my MP is that it that it simply elicits the response "Well on that topic this is what the government is doing". Always leaves me thinking "I know that's what you're doing, but I was writing to tell you why what you're doing is not good enough and you haven't acknowledged or explained any of my areas of concern".

The UK government petitions don't allow many words (300 characters and 500 characters) so I wrote it specifically asking for Government backing for first 100 garage forecourts. But really what I'm hoping we can do is provide an indication to Westminster that there is actual demand out there for alternative emissions free cars not 100% focused on battery EV. So offering a simple solution for people who can't charge at home, want to travel long distances, towing, heavier loads, fast refills, etc.

SatellitePro, I hope so. Graham has already said that their refuelling focus has shifted to fleet/depot customers like buses and trucks, so I'm not sure we'll be seeing many ITM-Shell stations any time soon. With that in mind I set up a petition (which isn't live yet) for us to sign to request government backing for forecourt hydrogen refuelling. The petition is currently under the 'review' phase which, due to covid delays in the civil service, may take a few weeks to go live. When it's available to sign I'll share it with the forums and see if we can get 100,000+ signatures.

I mean...

https://news.cision.com/nel-asa/r/nel-asa--signs-mou-with-everfuel-for-further-development-of-h2-fuel-norway%2Cc3243103

Try this...

news.cision.com/nel-asa/r/nel-asa--signs-mou-with-everfuel-for-further-development-of-h2-fuel-norway%2Cc3243103

Yes, very likely. Looking back through the ITM chart you can see all the whole numbers and mid-points having the same effect. I even had a 400 top-slicing on my radar, but I was too slow to act on it this morning. To be honest I'd kind of talked myself out of it before it was taken away from me.

I think it's probably similar to a couple of weeks ago. The 'normal' stocks of the UK market are up strongly with thoughts of recovery post-covid and today I think a gamble that we're nearing a Brexit solution. Foreign markets aren't the same today for hydrogen stocks with many continuing to build. In the UK it's the easiest place to take of a ton of profit and go gamble with it on Banks, Oil, Retail, Travel - all doing very well today I think.

Once people have made a few percent on those they'll be back to the clean energy stocks for a top up. Could be a reasonable opportunity to see where this is heading and top up with this pull-back.