http://www.afcenergy.com/

Dawnay, Day Corporate Broking Research Note

Aim Admission Document

Seeing his mornings RNS, I got all exited, well for at least 2 seconds. I thought this is it, sp to rocket up.
Are AFC trying to get my back up. B****r.

Looks like AFC have strengthened their management team (board), with 2 people who are proving their worth.

Looking good.

Grrrrr,

No news yet down 13.16%. Has the bloody instillation blown up?
Given up reading this market weeks ago.

Results.

Not going to pick bits out. Just reading them makes the future look very promising.

RNS plus link.

Not one to usually jump up and down on an as yet not productive system but I do feel this could be 'Lift Off'.

AFC fuel cell technology to be used in planned electricity from coal JV.

AFC Energy, the low-cost alkali fuel cell company, is pleased to announce that Waste2Tricity has made the following press release this morning. Waste2Tricity is AFC Energy's exclusive licence holder for gasification projects in the UK.

http://www.proactiveinvestors.co.uk/companies/news/6644/afc-fuel-cell-technology-to-be-used-in-planned-electricity-from-coal-jv-6644.html

Energy saving companies. Are they the new Dot-com industry.

With the ever increasing news items regarding the push toward clean fuel, coupled with the fact that oil will as we know eventually run out it appears to me that companies concentrating on ways to produce these new, cleaner/greener fuels are similar in many ways to those who first ventured into the IT business.
Demand into newer fuels will lead many companies along the same path as those that eventually lead to the Dot-com bubble of the late 1990's.

Most of these IT companies were as we know eventually overpriced, to their fundamentals and got to these high inflated prices on what I called a dream ticket.
But as we also know, although many fell to the wayside loosing many investors millions of pounds, some made investors very rich.

I feel that lessons have been learnt from the Dot-com bubble, and although some new fuel companies will go to the wall, the effect of totally unjustified sky high share prices will not hit 'so many'.

If we look at where IT is today (can we live without it), well yes we probably could survive, just, but it is generally accepted that if alternatives to the so called staple fuels of the past, coal, oil are not produced in sufficient quantities the world will very quickly need to take a huge backward step.

AFC appear to be leaders in their own field due their system, albeit as a yet minor player, and as yet they are still a very small almost start up company with only a small amount of proven credibility. But who knows, when the new cleaner fuel bubble busts and it will, AFC could be one of those that don't just survive but become very profitable for all.

Companies such as AFC are pioneers in the industry which is still very young, and with such companies the time to take a punt is now. Still a sky high or bust share, but now I feel we can see more sky than bust.

Now where did I put my old Microsoft share certificates I bought on float.
If only!

I appreciate we already know this but it is a good write up. The more publicity the better.

http://eponline.com/articles/2009/07/16/waste2tricity-names-arbon-board-chair.aspx

should afc be getting together with gcm?

I appreciate we are already aware of the connection between AFC, Waste2Tricity and Thornton New Energy, but it is a good write up, mentioning, 'Such is the potential of the scheme that despite its use of coal, usually a guarantee of the environmentalists' ire, it has won the approval of Friends of the Earth"

So now we have the green brigade on board, it should help.

A sustainable future for coal? A new scheme pioneered beneath the Firth of Forth is "flash-frying" coal underground to provide a green source of energy.

By Lewis Smith
Published: 7:00AM BST 04 Aug 2009

http://www.telegraph.co.uk/science/5966969/A-sustainable-future-for-coal.html

Yesterdays Telegraph story is now on The Tehran Times website!

Reading the following, perhaps the editor knows something we don't.

Iran has huge amounts of coal, much of it not worth mining, so perhaps it is a lucrative market after all, for Thornton New Energy/AFC technology.

Coal is one of Irans most abundant but least developed mineral resources. Proven reserves are estimated at some 1,075 Mt, mainly coking and bituminous coal. There are three main operations and processing plants located in Kerman Province and in the Alborz Mountains at Zirab and Shahroud.

Iran maintains annual coal production of 1.5 Mt (est), from relatively small underground mines in the Kerman Coalfield and from even smaller operations in the Alborz coalfields. Most production in the country is from underground, from relatively thin, locally steeply-dipping seams, and is destined for the steel industry. Development of the Tabas Coalfield is the major coal-sector investment aiming to produce 1.5 Mt/y of coking coal from a new longwall operation. Twin inclines are under construction and during 2003 tender awards were announced for four new roadheaders from Dosco, a mine monitoring and control system from Davis Derby of UK and longwall roof supports from Fazos of Poland.

Kerman - Coal Co. owns several coal operations within the country namely :Eshkli coal mine which has proven reserves of 16,887,500 tonnes and produces 360,000 tonnes of coal per annum; Hamkar coal mine which has proven reserves of 6,970,380 tonnes and produces 259,000 tonnes; Hashouni with proven reserves of 25.9 Mt and an annual production of 240 000 t; Hojedk with proven reserves of 817,000 t and annual production of 68,000 t; Kamsar with proven reserves of 874,000 t and an annual production of 120,000 t.

So is there a possibility in the not too distant future, of a connection between Kerman Coal Co and TNE/AFC.

Anyone else still in this share (it's very quiet on here).

This is the picture that I just can't help seeing in my mind.

The only way to look at this technology/share is as a bubble just waiting to burst.
Usually the term 'bubble and burst' gives the impression of impending doom, but not I feel in this case.

I have rarely if ever seen so much impetuous in a technology, over such a short time space.
I appreciate that many articles have been dug out of the either by posters but they have to be there in the first place.

That is why I see this as a bubble. You can't keep all this info from eventually becoming common knowledge (until a few weeks ago I had never heard of coal gasification) with articles now appearing in the media, not just specialist journals or science mags.

So when will the bubble of information burst, I feel we will not have to wait long. The 'first sign' in AFC,s case will not be contract driven as we the private punters always are a couple of steps behind the big investment institutions, it will be when these big boys start to invest.

As we know the norm with these big investors is they often sit on the sidelines watching like a predator shark, waiting to strike.
They are more reluctant to take risks as they, not like us PI,s, have to quantify their investment decisions with their shareholders or/and co-investors, so they tend to wait till the evidence is more secure and less speculative.

So I will watch for the big jump in volume buys with as much interest as contract news.

This is now the most exciting share I have in my portfolio. I just hope when the bubble bursts, we are left covered in cash and not anything nasty, which is obviously a risk that is always present.

All IMHO of course.

RNS..Letter of Intent with Ineos ChlorVinyls (AFC Energy)

Expected this to come along soon, now we can be more confident that AFC fuel cells are in business and hopefully a string of new deals are on the way.

A nice success story building here Greek!

Hi Steve,

Yes and nice to see company on this thread.

Just a snippet from it's site.

INEOS is a young company. It has grown through a series of related acquisitions to become the worlds third largest chemical company with sales today around $47 billion.

Most of our employees have spent all their working lives in the chemical or oil industry. They arrived at INEOS from companies such as BASF, Bayer, Borealis, BP, Degussa, Dow, Enichem, Hoechst, ICI, Norsk Hydro and Solvay. We continue unashamedly to extract best practices from this very impressive group of people in all spheres of activity.

So it looks like they will have good connections (a bit like Akzo) in the industry, both due to their size and world wide spread.

Also it is a privately owned company, being the largest such company (private owned) in the UK.

Let's hope that they do as well as their ticker symbol namesake is doing at the moment!

I feel that the closing sp, down 2.08% is the affect of many investors expecting news of a contract and the actual news being a letter of intent.
So the tick up over the last few days was on rumoured/expected very good news, (contract) when reality was good news, the LOI.
It's a bit like expecting a lottery jackpot but then being informed you only have 5 numbers and the bonus ball.
But we now have substance that we did not have until today, instead of rumour, but the sp drops.
It's as they say a funny old world, especially when it comes to investing.

Yep, I have to agree with that; it is still a young company though and it has achieved a lot in 3+ years. Patience will be rewarded well I think!

Good value. You must be kidding.

Under new rules which came into force on July 1, constituents are entitled to know how much time MPs spent on second jobs and the income they received.

Tim Yeo MP for Suffolk South earned 3,750 for six hours as chairman of AFC Energy which is developing alkaline fuel cell technology.

If he was worth paying 626 per hour, he must be good.

RNS re none platinum electrodes.

The iteration time to prepare new electrode materials, manufacture electrodes, test them, analyse them and review their performance is now a matter of hours rather than days as it was prior to the upgrade. The Company now has the capability to manufacture, depending upon the precise process details, up to 1000 electrodes per day in house.

The above paragraph could be a fantastic boost to the AFC system.

'Tis indeed good news. The future is bright!