Ceramic Fuel Cells Limited is engaged in the commercial development and demonstration of power generating products based on the Company’s ceramic (solid oxide) fuel cell technology. The Company operates in two geographical areas: Australia and Europe. In Australia, its areas of operation are principally solid oxide (ceramic) fuel cell research, product development and pilot manufacturing. In Europe, the areas of operation include the operation of a zirconia powder manufacturing plant, the construction of a fuel cell plant, sales, marketing and business development. Ceramic Fuel Cells Limited’s products include powder and ceramic production, high temperature metal and ceramic materials, advanced heat exchanger design and fully integrated fuel cell testing systems. Its subsidiaries include Ceramic Fuel Cells (Europe) Limited, Ceramic Fuel Cells (Powder) Limited and Ceramic Fuel Cells GmbH. In September 2009, the Company disposed of all of its securities.
I don't get where they are going with the price. Harvey Norman are talking $55,000 per unit!
Twelve months ago, CFCL was talking $8,000 then it became 12,000 then 30,000 when Neco were appointed in Vic. At $55,000, am horrified, these things only put out 1.5kW and need a heart (fuel cell) transplant every four years. Something not right with this. Be careful IMO.
Highly unlikely. Company is short of cash so expecting major cap raising soon.
MV is also getting quite high given where they are in their business plan. A one for 3 (for example) at 15c will only compound matters. Have been talking about large orders out of Germany but to no avail thus far. Had a great result 2 years ago with a bounce of their last cap raising but its a different game now. Have neg holding until I can see some sensible way forward. Certainly, at 55 grand, they are astride a very large white elephant imo.
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