NEW, THIN POLYFUEL MEMBRANE BOOSTS DIRECT
METHANOL FUEL CELL PEAK PERFORMANCE BY 33%

very interesting long term investment but I feel it has got ahead of itself so I'm watching and waiting.

Moneyplus
At this price I dont blame you just watching it has shot up over the past few days. On the plus side news flow has been good. One other to watch is RGY.

From UK-Analyst.com today

"News of an ambitious 10-million-pound placing sent the shares of Polyfuel 7.5p lower at 85.5p. The world leader in engineering membranes for fuel cells said that it was to raise 10 million pounds before expenses by way of a placing of 12.5 million new shares at 80p. The proceeds of the placing are set to be used to strengthen its balance sheet. A statement from Polyfuel said that whilst it expected the outstanding warrants to be exercised in January next year, the latest fundraising plans mitigated the risks associated with that event. A strengthened balance sheet will unquestionably remove any potential uncertainty among customers and partners regarding its financial capability to execute its business plan.
Just last week Polyfuel was touring City writers, including top tipster Tom Winnifrith of website www.t1ps.com who were told that the company easily had enough cash to see it through to profitability. To make a point of asking to see tipsters and to send out that message (presumably in the hope that the tipsters would steer private clients in to the stock pushing the stock higher to make the institutional placing easier) is very bad form. Tom did not tip that stock and on the basis of such appalling behaviour he says that he will now never tip that stock. Shame on you Polyfuels.

PapalPower

Thanks for the post. I agree Idont like the timing of the RNS.
Separately, PolyFuel received informal notification on 19 January 2006 from the
US Department of Energy ("DOE") that the DOE's portion of the funding for one of
the Company's research projects has been suspended for 2006. Formal notification
will apparently be sent in the coming weeks. According to the spokesperson, the
suspension is not due to lack of performance, but rather the result of
reductions in the DOE's fiscal 2006 budget.
I still rate this as a long term sh.

Last time I checked this stock in April it was up to 106, following an agreement with Johnson Matthey to fuel cell membranes and the outlook was rosy. "Looks like a cracker" was the quote (the way he tells em). However, since then its been on the slippery slope and is now down around 54. Is this low enough for a punt?

The entire fuel cell sector seems on a slide at the moment and there are plenty of bargains floating around, E.g. VLR and ITM. I am going to wait until sentiment changes before returning to this sector.

Positive rns, yesterday! Re, 2 broad patents for their fuel cell technology.
Turned the corner perhaps?

Down to 21/23p after a sell of 20k shares. The company seemed to have the edge in membrane technology. Wonder if this is now just in a much oversold situation. Any of the 'regular' followers of this stock any thoughts?