This must be the share of the future...........A co with 15 employees mostly Boffins with a unique product under development that has massive potential in the alternative energy sector
My only regret is that I watched the sp rocket from 11op to 210p before getting into the nose cone

ITM does look cheap at these levels but market sentiment is so bad at the moment that I cannot see 250 in the next few days, but probably in months.
I think ITM is a stronger company that Ceres yet Ceres has maintained it share price while ITM has collapsed which suggests that a recovery could be around the corner.
I am all tied up at the moment and could only possibly sell some of my SYM to fund a purchase yet I think SYM also have great potential.

Market analysts esp Citigroup keep calling ITM down as they maintain if there is an end market it is still years away

Tend to agree here and stock likely to go nowhere in short term - 3m or so.

I see your points from June Goosy and tend to agree -- they must be looking at some partnership deals which given the technology is reasonable.

The stock likely to languish until some partnership probalby Q4 earliest plus those institutions that could not get enough at 320p will want it off there portfolio by year end

But what the bears are doing are underestimating the material science behind the membrane that is still running 5,000hr+ and the low cost membrane 3500+. This is light years ahead of the competition. The bears don't seem to grasp this is the only way to get to a fossil fuel economy by using "wasted" energy from nuclear and renewable .

Having got out at betw' 220 -250 on both the way up and way down I'm sitting and waitng either for news or for below 120p

With the greatest respect Confidant I certainly hope it doesn't go down to 120p.

GDP I agree that SYM also has great potential but in the long term feel ITM will be the one (I am in both too).

MAKE YOUR OWN POWER ..........corrected post

ITM aim to reduce the cost of their electrolyser to $50/kw to $65/kw
And the cost of their fuel cell to $250/kw
ie at $1.75 =1
cost of 5kw Electrolyser around 186.....assuming $65/kw
cost of 2.5kw fuel cell around 357.......assuming $250/kw
Marcus Newborough of ITM claims the ITM electrolyser is 86% efficient at converting Kw to H2
No figures are given for the efficiency of the fuel cell but pem cells can normally achieve 60%


To make and store your own power in a domestic setting you would also need an H2 storage tank ,invertor, piping, valves and control electronics
Lets say this cost around 2000
Then
For an outlay of 2543 say 2600 it should be possible to use off peak grid power to make H2 and reconvert it back to power for use during the peak period
For a home using 6000kwh p.a
With off peak power available 70hrs/wk at 4.562p/kwh and peak power at 10.575p it can be shown that a saving of around 400 pa can be made without having to sell any power back to the grid
ie a payback of around 6.5 yrs
Further savings of around 150 could be made if the power company is prepared to buy back energy at a cost 10% below their peak rate
.......reducing the payback to 4.7 yrs
If the installation was scaled up by a factor of 2 the capital cost would probably increase by around 1.7 times and the savings would double
.....reducing the payback to around 4 yrs
And ..for evermore
The home would have a ready supply of cheap H2 at 50% of the cost of petrol for use when the hybrid car comes along

Dipping a toe into the cold cold water

I`m waiting until the sp has definitely bottomed.........even if it costs me 10p
.......with the technical update promised for Oct a bounce is surely inevitable over the next few weeks.....??

Let's hope so. This fall is well & truly over done. There is just SO much potential here!

itm now below 100p

Back in May they had to increase the amount of shares they issued because of huge demand -- placed at 320p. Raising 30m

Now mkt cap 100m take cash away 70m effectiively stock back to the 70p level reached quickly after float. Don't you love these markets

Volumes picking up in recent days give the sound of towel throwing by those eager May investors. Lovely

Better day today though Confidant...

queen1

perhaps my mail was confusing -- i'm picking up on days like Weds, taking some out on days like ytd but gradually building a position. I love the sound of towel throwing.

perhaps most worrying is heathcote -CEO is brother to PDX CEO who has just shown he puts a very positive glow on stinking figures which suggests he does not know what he is doing

let's hope the Heathcote @ ITM is more of a realist

Time will tell Confidant.

Confidant
Not defending the CEO ...but
The Heathcote at ITM timed the fund raising admirably and got enough cash to keep them going for at least 7 yrs.......This exercise drew on his real expertise as a founder of a fund investing in green businesses
Remains to be seen if he also has superior mgt skills to his brother at PDX....
....but he only need to repeat the May exercise every 7 yrs and the business could survive indefinitely

Bounce is nice :-) Plenty of stocks in small cap seem to be seeing this throwing in of towels by investors -- probably a sign that there is some appetite around to take the overhang of stock that we've had for last few months

Some bargains to be had

Hell of a surge tonight. Good news on the way tomorrow?

queen
I reckon some commercial news has leaked at the fuel cel demo promised for end Oct
Somebodies buying for sure so we may get an RNS

No further push today Goosy. I will be watching avidly :-)

here come the buyers -- same time, same place

Queen
I reckon next wk is the last chance for a PI top up before a steady rise to 200p by the year end.........
w/c 6 Nov ought to see funds come into the open
.......... if they plan to buy before the Xmas technical updates..
Why ??

.........theres no reason to wait since the shorters are unlikey to risk another big push downwards
..........Commercial news is somewhere in the pipeline
and hence sentiment driving the sp is very likely to be positive
DYOR

Research already done Goosy which is why I'm in! ITM is I feel a bit of a flier but if things pan out the right way the company could be absolutely huge in the medium to long term future. I know that I can lose 100% of my investment here but also feel I could make 2000% returns if the story goes the right way.

queen
given todays rise.........


Your last post was spot on.........hope it continues