http://www.afcenergy.com/

Dawnay, Day Corporate Broking Research Note

Aim Admission Document

Oh well I was very wrong about the 40 to 50% increase. On reflection it was a very poor call by me. I think it is partly the lack of clarity, which will no doubt clear on the release of the full deal after the lawyers have reviewed it, and (mainly I feel) the connection with the White family, being involved on both sides of the deal.

Just read the brokers note, word for word taking about 1 hour.
As expected there are quite a few ifs, and as they say it is a conservative model, so the only ifs that are counted within the model/figures are relating to the Base Chemical Industry and are not counting the Waste to Energy or UCG possibilities.
So as said plenty of ifs (if there wasn't the sp would obviously be many multiples of the current value and probably too late to make any profit from being invested).

I would advise anyone who has not read the note to do so. It does read like a road map to the Holly Grail, and if (theres that word again) they don't get lost along the way, it looks like they (AFC) could easily become one of the share finds of the decade.

If this was worth a punt 1 to 2 years ago, it has to be worth backing now.

Read yesterday in The telegraph that it is expected that 1 coal fired power station will be opened somewhere in the world 'every day' next year.
Due to the ever increasing demand for power and the ever increasing cost, it appears that 'King Coal' is a long way from dead.
When it comes to polluting the environment or having insufficient power there is no contest, especially when the newer mega powers like China are expected to take over from the US as number 1 by 2030, (my own view is they won't, as the USA will I believe fight and win, this race to get back to the top).
So the new coal may well have to be cleaner, and as they say necessity is the mother of invention, surely we will see coal being used in ever increasing cleaner methods. UCG re coal and bio-fuels as supplements will have to become more efficient. AFC due to their link into UCG coupled with their other fuel cell use, IE waste, place them in a good position in the battle of power supply.

RNS out finally.

Excellent news although released late as this leaked out several hours ago.
There are so many things boiling for AFC at the moment it will surely take some gigantic catastrophe to make things go wrong now, (Hope that does not put the proverbial mocker on it).
If the big investors want to get in before things really start to motor they can't wait much longer.
Next few weeks/months will be very interesting.

Hi greekman, just come across this company and its tech. seems very exciting and well worth a closer look. Would appreicate any info which could get me upto speed,especially how long to build and commission a 50kw
power plant etc?
TIA
cyril

Hi Cyril,

Nice to have company on here.
There is so much happening re AFC that it is difficult to know where to start. Also I am a technophobe so I will probably not explain the Fuel system very well (I sort of understand it), although I do know it looks like a winner for the future.

I suggest you look at the AFC Company web site (you probably already have), and also if you go onto http://www.iii.co.uk/ and read posts on that site you will find plenty of info.
A poster STOCASITY is well up on AFC and their Fuel cells, although he can be just a tad 'Rose tinted glasses', but he does know his stuff.
He also often posts repeat links which are a very good source of information.

If you still want further info and don't want to go to http://www.iii.co.uk/ I will try to post links myself, although there are as said many out there.

My own view is that AFC have very little downside with a huge upside. Still a risky bet, but that risk is getting smaller by the day.

Hope the above helps, and good luck with AFC.

Regards Greek.

Greekman, thanks will take a look over the weekend.
cyril

Greekman with ref to Linc energy,gere's wow they see it?
http://www.asx.com.au

You need to enter LNC Com/annoucements and then 9th Dec presentaion.
They seem to quite an impressive company,probably about 250k M.Cap?
One worry i have is the link the White family who were invlved with SEO
may still be?
cyril

Morning Niceonecyril,

Glad you looked into things over the week-end. I fully agree with you about the Howard White connection and have posted such many times on the iii thread.
The link with H W is my main niggling worry. I was badly bitten by the Stanelco fiasco, so one bitten twice shy as they say.
Did you look at the iii thread re AFC. If you don't want to I will post several interesting links with info on AFC, but if you look at that thread yourself it will give a better balanced view as some doubts do surface.

Regards Greek.

GM,i'm going to take a speculative punt as i feel its potential is enormous,
while keeping in mind my SEO experience.
The 5 month timescale seems to be about right for delivery for the 50k unit
which is the size of a 12mtr cshipping container,then LINC(whom i am impressed with)will give it a good testing so about 12month and we should know?
cyril

Yes I think it is well worth a punt, but not much more at this stage. AFC look to have fantastic potential, but I think you are right being cautious, as I am. I have seen too many so called, 'Fortune Tomorrow' companies fail to put many of my eggs in this particular basket.
But the way they appear to be moving, I think within 3 to 6 months we will have a far better read of where they are headed.

Prepare for a Fossil-Fuel Miracle.

This was a headline to an article in Todays Daily Telegraph.

Many of the experts in this field are coming round to the view that natural gas could be 'The Fuel of the Future'.
This is due to new drilling techniques, which would make less reliance on countries such as Russia, Qatar and Iran.
It rates it as one of the cleanest, cheapest and also of huge availability.
It goes on the discus its competitors of such as Coal, Nuclear, Wind, Solar and many other.
I states that the US alone has enough to supply 100 year of Natural Gas.
The main downside to Natural Gas is that it takes vast amounts of water to be pumped into the shale to force the gas out. Often chemicals are added, which can cause the problem of the mixture polluting any nearby water supply.
Resistance to the drilling is spreading fast.
Concern is growing, so there is going to be legislation to improve matters.

I wonder if UCG will be looked at in a deeper vein (no pun intended) than it is now. There are two different types of extraction used, one using water (I believe this is the main method) the other generally uses oxygen or enriched air for gasification.

See Introduction to UCG.
http://www.ucgp.com/key-facts/basic-description

No water is used (according to the Allenby note on UCG) in the system where AFC are mentioned so presumably it is the second method.

This would obviously nullify any water contamination problems.

Don't have time to expand further as just off abroad.

No doubt others with more tech nohow can explain/correct any errors in my summing up.

But if I am right re the none water use, this looks like it could be the 'Holly Grail' for AFC.

Regards Pond.

Just had time to dig this out from Linc Energy.

It does mention water is used (apologise for misleading) but it appears that it does not used a chemical mixture, so still pollution problem looks to be solved. Clarification anyone please.
http://www.lincenergy.com.au/ucg.php

This company building very nicely.
AFC Energy Plc
27 January 2010






AFC Energy PLC

('AFC Energy' or the 'Company')


AFC Energy announces an order from Centrica




AFC Energy PLC, the developer of low cost alkaline fuel cells, is pleased to announce that it has secured an order from Centrica PLC reserving 250kW of fuel cell systems for use in a flagship project.

AFC Energy's fuel cells will provide Centrica with a source of carbon-free electricity generation with a conversion efficiency into electricity of up to 60%, far greater than any fossil fuel generation on the market today. The commercial terms of the agreement are to be agreed once AFC has completed development of its 50kW fuel cell system in 2011.

Ian Balchin, AFC Energy's Chief Executive, said:

"We are delighted to receive this order now which effectively gives Centrica an option over our future capacity when we start to roll out our 50kW fuel cell systems. We look forward to working with Centrica and the prospect of installing our fuel cell systems as part of its project."

Brian Amos from Centrica plc added:

"We have looked at a number of technologies that have the potential to generate low-cost electricity with zero carbon dioxide emissions and the fuel cell system from AFC Energy has the potential to meet our requirements for a specific project. We look forward to working with AFC Energy to deliver this solution."
cyril

market dosen't seem over excited...

The market seems to be correcting itdelf as predicted,so any Blue is a good result? This is New Technology and some way off proving up? I think roughly 4 months before the 1st 50k unit is delivered allow time for testing and if it turns out successful,it would become very sort after stock?
Ita a punt with a fair chance of making the Tech work,we should have a better understanding by end of yesr.
cyril

Balerboy/Cyril,

As you say. I put his entirely down to he fact that it is all dependent on the 50Kw development success, and the mention of 2011, so still some ifs.
But as 2011 is only a year away, if punter want a punt, leaving it much longer could be very risky.
I do like the wording, 'The commercial terms of the agreement are to be agreed once AFC has completed development of its 50kW fuel cell system in 2011'.

Not the agreement is reliant on the completed development, but the terms are reliant. Although I can't imagine what would happen to the deal IF the development of the 50Kw system failed. So although Centrica are obviously very confident in the ability of AFC, it is to me strange wording indeed.

Not ramping AFC, as with these ifs, I feel the price is not much below it's true value.

Of all the fuel cell companies, this looks like the best bet.

The Centrica connection has now been mentioned by,

Hoodless Brennan.
RTT News.
Renewable Energy Focus.
Wall Street Journal.

So a nice spread of news already, with no doubt more to come.
Rarely see a company the size AFC attracting such publicity.
I appreciate the attraction is due to the well known name of Centica, but any association with such well known companies can only bring the name AFC Energy to the fore.

The radar of publicity, is catching AFC nicely in it's glare.

but can it perform like you GM, when needed???