CFU ceramic fuel cells limited

Syn, "The company has the best efficiency for a fuel cell in the...

  1. 9,381 Posts.
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    Syn,

    "The company has the best efficiency for a fuel cell in the world. The product previous to this announcement was already world leading"

    So, explain why they could only sell 460 of them over 5 years. They were also able to lose millions of dollars of share holder funds every year.
    The product in its current application is simply a dud!!
    The product is simply a generator (a small one at that) that runs off gas and costs 10-20 times what any other generator would cost.
    Because of the crash in solar prices, the equivalent money spent on solar generates more electricity over a year, without any input costs.
    Now they (CFU) have come out and admitted that the cells lost 6% of their efficiency in the first year of operation.
    The new cells look better in efficiency, yet there is only 4000hrs of testing, that's 6 months.
    If the stacks have to be replaced every couple of years because they lose too much efficiency, then counting the imbedded energy it is not that efficient at all!!

    Where will the money come from to build all these new stacks and replace those in existing units??
    Adding the last cap raise of ~$6.3m for a lazy 672m new shares in April, plus the 2.2 cash they had left at end of last quarter, and looking at the prevoius quarterly cash outflow of over $8m, they must be just about out of money again!!

    I've been saying for years this is a dud investment, because the one-off product, the BlueGen is too expensive by a factor of 10 (the real cost, not the super subsidised cost)!!
 
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Currently unlisted public company.

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