Member Info for Tornadotony

I sold out of AFC to put money here because of the following;

Ammonia production in Europe faces significant challenges

Ammonia Production an Issue in Europe?

Ammonia production in Europe faces significant challenges, particularly in meeting climate targets and maintaining competitiveness in the global market. The sector contributes to 27% of emissions from the European Union’s Emissions Trading System for the chemical sector. Despite falling gas prices, domestic production remains uncompetitive with imports, leading to production curtailments in favour of imports. The transition towards decarbonized ammonia hinges on hydrogen production pathways such as Steam Methane Reforming (SMR), SMR with Carbon Capture and Storage (CCS), biomass gasification, and electrolysis using renewable energy. The European Union’s Renewable Energy Directive III (RED III) mandates that by 2030, 42% of the hydrogen used in industry must come from renewable sources. However, the current renewable hydrogen production capacity is minimal, and the rate of scaling up electrolyser capacity is not at pace with the 2030 targets.

I was hoping ITM would gain on trying to meet those targets.

Support line at 65p hit and some buying appears to have arrived.

Thanks Selljm

Time for this share to test resistance at 71p.

Just as I said, this is not like other titanium deposits. Titanium metal producers will want the material for aerospace and medical device applications which are both critical markets in civilian and defence applications. If the drill results deliver 300 million tonnes of indicated measured resource grade ore that is $300M enterprise value at just $10 a tonne. If they have 20M tonnes as proven and probable reserves at $50 a tonne that is another $100M on enterprise value. This gives a minimum of 41p a share. Mine construction valuations value the resource and reserves 4 times higher. So the banks would give real decent loans to deliver a production plant.

There is plenty of evidence that a maiden resource based on inferred data is not sufficient for financial funding. Having measured and indicated reserves and resources that are also of the high level of purity and quality that exists here is likely to attract new significant investors. It is possible construction funding can then follow say six months later. The combination of the drilling work completion in April and say reserves announced before summer might only improve the share price a modest amount, but a new funder supporting construction would see the share price in the 70-90p range and all of this can happen within 12 months. This was speculated by analysts back in November 2025 for EEE. What is special about this company is the high grade material in the geology of the titanium oxide found that can be used in aerospace and sophisticated industries like it. Producing low grade Titanium oxide material to just go into inexpensive paints is not what this company is about.

Gaps do not need to be closed on day of RNS, but a selling force was determined to have a clean chart and presumably to secure a lower buy in price. Will be interesting to see how this works out in the afternoon. Topped up sub 65p as was given the chance. Perhaps now we may get a run higher.

Well, I have my allocated position on this stock around 36p average at around 4% of the portfolio and will now just let it run. Probably the last message from me for awhile. I have either botched it or it works out okay in the end. Whatever the case it looks like a promising future reserve source.

Quite a few people are pushing valuations that have value during production. In the ground value without a built mining operation has a different much lower value.

All the pumping as usual has delivered another overbought technical on RSI and stochastics right on the resistance line what we did not want for a breakthrough. The probability of a pull back has therefore sharply increased. Traders are more likely to sell on overbought signals and not likely to buy on overbought.

Hole not whole in previous

Usually the move from inferred and some indicated resources to measured reserves and probable resources doubles a share price. The only way to proceed to a completed definitive feasibility study is having the ground work done. Alongside they may need a project team to highlight want kind of plant is to be built with infrastructure and likely OPEX. The project then looks far more professional than someone shouting over a particular whole in the ground using a weak inferred resource model.

The response to the RNS this morning is a bit surprising, but it is not the only company putting out a good RNS and just get sold into. Perhaps things will improve later on.

If the SP breaks 65p it can run to 71p with little resistance. The RNS has helped move ITM out of a down channel thus far. Confirmation is a close above 63p.

Added more this morning.

I make a complete bum of myself by missing the year on short plays. Such polite corrections. Great crew of people here adding value to read ship. Due diligence will be applied by myself in future and that is a promise.

Smart money is currently selling to retail bag holders on several fronts. Something macro may set it all off. Last few days looks like a bear rally to get off oversold. The trend is down on this one.

I wonder what was behind their reasoning. Explains why we at such a low price. At some point we could have a short squeeze if a significant RNS lands.

At the moment a lower high is in play on BRES. The stochastics were at 97 earlier and it was still getting sold into. 9p has huge resistance. I would not be so sure that we get a rally next week with China on New Year holiday. Things could pick up the week after. Whatever the case we had a reasonable week.

I wonder how cheap they want this to go. £24M loss on enterprise value in a month against a cash burn of £2M. Again back to 30p above cash in bank. Like a miner that is 75% constructed with a brand new mine having de-risked a huge number of problems and on the last few months away from full commissioning and being in the money. Yet someone feels either the commodity being produced is not worthwhile anymore or that some new foul up will snatch defeat from a forecast of victory and so is dumping stock. Will now sit on my hands and see if they take this share down to cash in bank levels. It is amazing how some stocks trade at 1000 PE and others barely get a look in. It makes every sense to using hydrogen and not being totally dependent on gas and other energy sources in the current world we live in. Tony

Continuing to add and in my case lower the average for the holding.

I went in on 500 tranches at 446.5p. USA gave it a soft tap this time and we might have something heating up in the middle east. Oil price holding this up. It could have been a far worse open There is support coming in above 440p.