05-02-2024
Rising volume and a rising price. 8m shares already which beats Friday's volume. Nothing to stop this from getting to £1 now. Newsflow from ITM will see it go well beyond that.
I expect the oil majors (BP more than the others) to try to take a stake in ITM. There's already a connection with Shell. The opportunity might not be there right now, but if they ever need to finance expansion, there are investors ready to dive in. Opportunistic takeover bids? ITM will likely never be at this price again. If anyone were to try, it'd put a rocket under this sp.
But any news of a deal to supply electrolysers to a large H2 site right now will propel the sp hugely.
30-10-2023
https://fuelcellsworks.com/news/pineapple-power-cancels-proposed-reverse-takeover-of-element-2-limited/
19-10-2023
Well never say never Linde takeover for £20 a share :-)