ITM Power Plc (ITMPF)

[Gerry321]

What`s the safe alternative energy stock right now?

Let me make clear from the outset that I am heavily invested in ITM Power
However I didnt invest in ITM with my eyes closed
They are currently projecting a cash burn of $8m to $9m pa to April 2009 ( at £1=$1.8)
ITM had approx $48.5m in cash at end June 2008
Their policy is to licence their technology so it would be reasonably to assume that their annual average cash burn will not significantly exceed say $10m for the next few years
Their technology claims a cost/Kw reduction for both fuel cells and electrolyzers of the order of 80% when compared with Hydrogenics and all the other fc / electrolyzer cos
So
ITM to me looks like a fairly safe haven for those investors who want to stash away some cash in a growing industry
But
As I said at the beginning
I have a significant investment in ITM
So nobody who reads these comments
Should remotely consider investing in ITM without reading up on the Co and what it has done
At this point I could give a list of reference websites where you could get all the details about ITM
But then I`m biased as I am heavily invested in ITM
So
its much better if you do your own research
if you conclude you would be better off putting your money elsewhere........
then thats fine
Its your money after all
and I hope you have made the right decision
As I hope I have..........
#Sticking it into ITM