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This will be back above 20p in no time.
The cash WASN'T needed.
AFC Energy were not desperate for cash, they had enough in the bank for a year, plus the profit on all the sales this year.
The cash is to ACCELLERATE the Fuel Cells AND the Ammonia Cracker, so it is a GOOD NEWS fund raise not a bad news one.
I just see it as an opportunity, because there was no way it was going back below 20p unless they did a fund raise below it.
So make the most of it, as I expect a lot of others will, maybe even Helikon, as it will be their last chance to close out on a dip too.
Once the placing cash is in the bag, the ii's may well load up, seeing it as their last chance at the price too, as the Open Offer cash is not even needed, it's just AFC being nice to retail investors by letting them buy the stock at the discount if they want to.
StockCheque says:
"it's just AFC being nice to retail investors by letting them buy the stock at the discount if they want to"
Are you for Real?
This will be back above 20p in no time.
.
The cash wasn't needed.
.
AFC Energy were not desperate for cash, they had enough in the bank for a year, plus the profit on all the sales this year.
.
The cash is to ACCELLERATE the Fuel Cells AND the Ammonia Cracker, so it is a GOOD NEWS fund raise not a bad news one.
.
I just see it as an opportunity, because there was no way it was going back below 20p unless they did a fund raise below it.
.
So make the most of it, as I expect a lot of others will, maybe even Helikon, as it will be their last chance to close out on a dip too.
.
Once the placing cash is in the bag, the ii's may well load up, seeing it as their last chance at the price too, as the Open Offer cash is not even needed, it's just AFC being nice to retail investors by letting them buy the stock at the discount if they want to.
.
.
For those that did not scroll down and read the full RNS:
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In both the Fuel Cell and Fuel Processing segments, the Company believes it is well positioned to build on the prior three years of investment in technology, commercial readiness and manufacturing scale up, to now accelerate time to market for both its technology platforms. In addition, there is a potential first mover advantage to be exploited in its respective markets and so time to market is critical, underpinning the Company's decision to review its financing activities.
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The net proceeds of the Placing and Subscription will be utilised to capitalise on the Company's existing commercial routes to market for its H-Power generators (specifically the roll out of initial orders from Speedy Hydrogen Solutions and TAMGO) and to support commercial development.
.
Use of proceeds:
· Investment in H-Power 30kW generators - rollout of initial Speedy Hydrogen Solutions' orders and, when placed, TAMGO orders;
· Investment in production equipment to support manufacturing scale up;
· Investment in Speedy Hire Joint Venture (Speedy Hydrogen Solutions); and
· Commercial development and corporate overheads.
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Any proceeds from the REX Retail Offer will be used for general corporate purposes.
“The cash wasn’t needed”.
Oh yes it was Haggis. The company has a small matter of ‘Going Concern’ to satisfy with auditors on an annual basis, hence needed to raise to get through FY24’s eventual audit.
No-one here can gauge whether profits will be raised from any sales as no figures have ever been released to confirm or deny it.
I’m surprised by the timing of the announcement. I thought the company might have used the tailwind of a new ‘greener’ Government to support a higher raise….
AFC Energy touts fundraise to fast track H-Power delivery
https://www.marketscreener.com/quote/stock/AFC-ENERGY-PLC-4006915/news/AFC-Energy-touts-fundraise-to-fast-track-H-Power-delivery-46941159/
IT IS A GOOD NEWS FUND RAISE!!!
Loll I am unfortunately, BUT stock me old mate, I tell the truth, I could lie ( like lot of w@@kers on here but I don’t
Looks like they are desperate unfortunately.
Still hoping for life changing news for my heirs.
The amusement is you showing your face again amusement now. Your post from Dec 2022,
‘ Nothing has been lost yet to my knowledge.
And the ABB unit might been delivered.
You and nobody on here can prove otherwise.
Hoping for a positive outcome.
Good luck everyone.’
And weekly since then it was ‘big news soon’, and repeatedly accusing me, Garonne and all the other bashers. Have you come back to apologise and admit we were right ?