Member Info for winchpete

Please can you elaborate.

In my opinion, the H1 results are the appalling legacy of the previous management. We can't change the past and need to move on.

Today it seems quite possible the MMs will drive the sp significantly below the placing price. I considered selling up but doubt I would get even half of my average price. Although the deeply discounted placing is a bitter pill to swallow, I will be subscribing to the Retail Offer. Am I mad? Possibly. However, our current management seem much more commercially aware than their predecessors. In six months they have already put in place a credible route to success and, importantly, are investing substantial sums of their own money to back up their words with actions. Their plan might work, it might not. Without a successful fund raise we will never find out!

I doubt 20 million minus expenses will be enough. They will probably need another placing but this one might be enough to buy the time they think they need to show AFC is a viable business.

In the good old days last year, when the placing was at a mighty 15p, we were told the market cap was less than the value of the cracker! We now have 2 deals with the cracker and 10 b——y p.

A placing was expected. On the back of recently released news only 10p!!!

What we were told about the £1 million a month cash burn was clearly nonsense. The cash reserves are about half of what even the pessimists were expecting.

I suggest that will happen when AFC has:

1. enough funds, including for extra expenditure on development of new variants of the cracker, to sustain them until at least the end of next year.

2. substantial orders for the Volex and Speedy Hire JVs.

Back to 50p plus would be fantastic news for those who have endured the over optimistic BS from management over the years. First we need to break out of the current range. To do this I suggest the company needs to show it will have funds to trade until the end of 2026 assuming a very conservative estimate of sales. For me this is the number one issue for the half year results. If we just get a rehash of old news and nothing new of substance is said, I fear we could quickly break below the 14.5p support that we just managed to avoid last week.

NM

It was a question not statement.

If it is rubbish and you know different, I am sure we would like to know why that is the case. The apparent funding gap is on a lot of people's minds including mine.

Looking at the sp drop rapidly, has the market got wind of a placing and there is forward selling?

The success of short sellers is based on creating an illusion that they control the sp. Scare people into selling, trigger stop losses or dissuade them from buying for fear the price appears to recover but suddenly lurches downwards for no apparent reason.

Short sellers are not omnipotent. After all, they could have closed sub 50p back in May.

With ITM the market is clearly moving against them. They have to stop the upwards momentum and ideally put it into reverse. If their attempts fail they will have to close and lose a shed load of money. We could be at a tipping point before much longer. They can’t sell forever!

These manipulative games show the short sellers are clearly getting desperate.

Manipulation by short sellers trying to suppress any further increase. We should buy into the dip tomorrow.

I could be wrong but my understanding of the announcement last Friday is that ICL will be paying AFC via the JV for an interest in the cracker.

The developments of the last few months must have been noticed. There might be a risk the company will get snapped up cheaply before the these deals start generating serious money.

Some news about the perennial testers Acciona actually buying something would be good.

Th US market is closed for 4th July

This partly answers the question about where revenues will come from to sustain the company through 2026.

There were some large buys yesterday which suggest the news had leaked, though not as blatant as the Volex deal.

Our very own Warren Buffett can comeback in August and tell us how accurate his predictions was.