http://www.afcenergy.com/

Dawnay, Day Corporate Broking Research Note

Aim Admission Document

all the way and now trickling all the way down?
possibly is my guess, as i think sp was looking far too far ahead

20p support level.....good time to buy...

why is it a good support level?

Not technical at all me , but why is this share for the last week or so showing many more buys than sells , and yet it continues to go down. It never seems logical to me . Is there just a Fat Controller somewhere helping his mates.

Hi Victim,

Often happens as the sp drops it tempts people to buy as well as frightens some into selling, so often more buys result in a descending sp and visa versa.

Logic and the markets rarely correlate!

A second commercial contract would be nice....

so again, why is 20p a good support level?

Because people will buy around this price...they just will...

sounds to me more like "i hope, i hope because i paid quite a lot more"

Nay....11p.....though some 23.5p....

What's happened to my support level ?.....how dare they drop the sp like this !....grrrrr....

Nice rebound

Options for the finance director......90p plus....(one of the conditions).......looks like they reckon there is a serious rise coming....

20p now does seem to be the support...

Hmmmmm....take your pick rf. Not sure about 20p.

At the moment ....it's around that mark...I'm hoping that a second commercial contract will be signed ....

Don't forget to take some profit along the way! Volatile stock this one.

Grant of Permit

AFC Receives First Partial Building Permit to Commence Construction at Stade, Germany

AFC Energy plc (AFC.L), the industrial fuel cell power company, is pleased to announce that it has received its first Partial Building Permit from the Stade permitting authorities in Germany to commence construction of what will be the world's largest industrial alkaline fuel cell facility.

Over the past few months, the permitting review and approval process has consisted of a rigorous examination of the technical specifications of the plant's design and is the first time a regulatory authority has been asked to objectively review and consider AFC's plant design for industrial application.

The first partial building permit has afforded approvals to AFC's:

· Civil engineering drawings
· Plant specifications and process description of operations
· Building structural load calculations and geotechnical survey results
· Landowner approvals
· Approvals of other relevant state of Saxony departments on submitted documents, in addition to the Stade building planning authorities

This permit allows AFC to proceed with:

· Foundation works
· Piled foundation works
· Reinforced steel concrete base plate
· Support work for the above

AFC will also be proceeding at this stage with the plant cable and hardware connections to the medium voltage power grid, as well as connecting to local water and telephone networks.

The consenting process for the AFC fuel cell plant in Stade occurs across several phases with multiple phase permits issued for construction, operating and dispatch of power into the German grid. AFC is continuing work on progressing each of these permits over the coming weeks.

The commencement of construction works at Stade is expected to commence next week which will affirm delivery of the fifth key milestone in the 2015 POWER-UP programme (as articulated in AFC's RNS of 8 December 2014) and therefore, reaffirms AFC's ongoing confidence in the deliverability of the fast track execution timetable for the 240kW KORE fuel cell system scheduled for the second half of 2015.

more....

Good news.....progressing very rapidly now this company....

Permit was as expected, but it is another instance of how progress has been accelerated under the new CEO.

Will not try to predict where the sp will be end of year, but surely it will be far higher than today's sp.