RE: Contracts please ?3 Nov 2021 07:34
“Everyone wants a bit of H2” - exactly. It’s too easy for them to raise cash. They will be sitting on £400M. What are they going to do with that? No one is asking questions because of the H2 bubble. I may be wrong, and I don’t live near Sheffield to check, but was their giant GigaFactory not just a refurbishment of their existing one? (Emperor’s New Clothes?) Without mega orders, why even contemplate a second unless simply to maintain the hype.? Number of employees? 210 in the annual report (btw that’s 1/5 of the number that Hex has). Directors generously rewarded for raising cash. - that’s too easy a reward to collect. Grants and funding from elsewhere feature heavily in the report -it’s about time they invested their own capital and leave that available for smaller start-ups. Do they hold any specific technology patents? IMO, enjoy the ride of the ups and downs, but watch out for the big pop.