Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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I wish I added more to my Monthly plan SP is low before it takes off. The next few weeks will be interesting.
I'd be content with giving away say 15-20% of the business at a premium to ensure a strong partner comes on board that capitalises the business right through to Mistral and beyond. 40 million shares issued at 50p i.e £20m funding and 17% ownership after dilution.
They wouldn’t sell for double, it would have to be many multiples. Look at Hotel Chocolate, that went for 250/300% premium and we ain’t selling chocolate here!!!! Schroeder’s hold 22% and there average price is far north or where we are so ain’t going to happen on the cheap imo and I just don’t see a sale of the business at this time
Certainly hope not. Even a 100% premium would be disappointing and, with Mistral imminent, all our patience would have been for nothing.
Have a listen to VSA's latest podcast from minute 15:26. Andrew Monk is heading to the states in relation to the possible takeover of one of the undisclosed UK listed companies that he is broker for. No names are mentioned, but I do know one VSA brokered, UK-listed company with a strong US presence. Now that would be an interesting RNS....
Two weeks til markets close for Christmas and not one single RNS of note this quarter - disappointed to say the least following the optimism i felt after the last Investor Meet at the end of September.
Got to hope they come like buses.
Https://www.lse.co.uk/rns/IES/invinity-awarded-16311m-for-30-mwh-flow-battery-h3knshm5snxe2fx.html
The key paragraph in the announcement states
"The award is structured as matched-funding and is conditional on the Company executing a sales contract with a project partner, who is expected to provide the balance of funding then develop, own, operate and optimise the battery project. The Company has already signed a heads of terms agreement with its preferred project partner and will provide a further update upon conclusion of definitive contracting. Upon completion of that step the build and commissioning phase of the project will commence subject to necessary planning and connection approvals being received."
What ever the balance is, the partner pays it. if the final price is not known I guess we cannot work out the percentage the £11m represents. It is a little unsettling that there appears not to have been an announcement of who the partner will be.
It says that this is match-funding - does anyone know what % of the total cost this £11m represents?
Is anybody else having trouble with this site. I keep being asked for cookie preferences when I change pages.
Recycling of old news maybe? Presumably part of the Doe funded projects... A news story all the same.
Better than the lack of news we see from invinity...
Whilst i'm also keeping the faith there is nothing baffling whatsoever about the recent share price action. In the Investor Meet following the interim results we were led to believe that we were in store for a very exciting end to the year and yet two months have passed since without any share-bolstering news.
Still one more month til 2024 so it might be that all the news comes at the end of the quarter but the recent dearth of news has been disappointing.
Https://assets.publishing.service.gov.uk/media/6560b0920c7ec8001195be01/uk-battery-strategy.pdf
IES - page 26
Case Studies 1 and 2: Examples of longer duration energy storage demonstration (LODES) competition winners
Invinity Energy Systems
Invinity Energy Systems has been awarded £11 million for the VFB LEAD project to build a longer duration, large-scale vanadium flow battery (VFB) that will be deployed at a key node on the National Grid.103 The battery will be the largest ever manufactured in the UK and will perform a broad range of grid balancing services, providing vital flexibility to the electricity network, and supporting the buildout of renewables. Invinity will manufacture the VFB at the company’s factory in West Lothian, Scotland and the project is expected to go live in early 2025.
He said ‘baffled with where the SP is at given all the positive developments/news in recent months but that the sector itself had been really beaten down and liquidity is an issue so they’re trying to lift that and it looks like was a significant seller so all that has probably contributed to the move in the SP significantly in a short space of time’
Hargreaves Lansdown Savings Monthly savings click on add share and buy for Invinity Energy Systems Plc ORD EUR0.01
No trading fee its free no Stamp duty. This is for the Sipp or ISA Monthly Investment you hold.
@Lamps - suspect they will have had a load of shares in their bag to sell from yesterday's sell off. A little rise gives them a good profit, a larger one might have deterred buyers and left them with too many shares.
And he said?
Well I spoke with Head of Investor Relations yesterday and am keeping the faith along with a number of others looking at the significant bits that've gone through today. I topped up towards close yesterday at 28.72p and got more dry powder to throw at it when she blows!!! GLA
Two wild statements form wildtiger. Get back in your cage.
On a more serious note: can anybody hazard a guess (not you tiger please) on why this has ticked up less than 1% after the deluge of blue today?
The next placing should drop this to 21-23p range
Wouldnt touch this until its 21p or below
“Invinity Energy Systems plc Short-Term Warrants
3,903,768 have been sold since 22 September 2023.”
Hope1815, where did you get this figure and what date is it up to? As at RNS on 1 Nov, they had circa 14.4 million short term warrants outstanding. I was expecting an update to that figure on 1 Dec but it would be interesting and positive if a significant number have been converted to date.
Trades across the board on these Platform By Country
Invinity Energy Systems PLC IES:LSE London Stock Exchange United Kingdom 3.58m
Invinity Energy Systems PLC J4Q5:BER Berlin Stock Exchange Germany 0.00
Invinity Energy Systems PLC J4Q5:STU Stuttgart Stock Exchange Germany 0.00
Invinity Energy Systems PLC J4Q5:FRA German Stock Exchange Germany 1.00k
Invinity Energy Systems PLC J4Q5:DEU German Composite Germany 1.00k
Invinity Energy Systems PLC IES:NXX Aquis Stock Exchange(AQSE) United Kingdom 404.38k
Invinity Energy Systems PLC IESVF:QXE OTC Markets Group Inc - International Premier QX United States 100.00
It is a broader view
4,425,394 shares have been traded today Hargreaves Lansdown
Invinity Energy Systems plc Short-Term Warrants
3,903,768 have been sold since 22 September 2023.
Unfortunately it doesn't take much to move this stock. What have we had today? 772k shares sold in 117 trades... Out of a total issue of 191 million shares. So sales of 0.5% of the stock moved the sp down by 13%??
Sounds about right for AIM I'm afraid! But, if there turns out to be no company based reason for this sale then an equally small volume can move it back up in short order. We had four decent sales and other good news from 28th July to 3rd Oct and then largely silence. Which means, to my optimistic mind, we are due another sale or two. The 15 MWh Taiwan Sale Secured with 255 MWh Follow-on Order Potential announced last December was meant to start delivery in Q4 2023. So we may get more news on that soon. Hopefully there's some uplifting news around the corner.