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Got my open offer details yesterday from Interactive Investor, ii and taken up my entitlement. Was very straightforward.
Barclays yesterday 16-44.
Yes I emailed Halifax and they have now issued the open offer this afternoon. Thanks
I'm with Lloyds, and got my open offer today.
Thank you very much GBCol
A great explanation. Thanks
Has anyone received their invitation to take up their open offer yet?
I'm with Halifax and they're usually on the ball with these things but nothing received as yet.............other than an invitation to attend/vote at the General Meeting
Doyezee, there will be well over 200 million shares being issued in less than 3 weeks at 23p, so the price isn’t going to move much from that until the placing and open offer is finalised. At that point the SP will fluctuate depending on any news that the company issue ( or as in recent times, on lack of news). Indications are that there are some large orders ready to be signed once this fund raise is complete. If that turns out to be the case, and I believe it will, then the SP should rise significantly.
Oxford is the best example of the contrast in terms of noise and spacing between lithium and V flow
Can anyone also explain how the SP could be moved up/down by numerous percentages when only naff all number of trades done in a day yet now, we’re seeing hundreds of thousands of shares being traded yet the SP barely moves up or down?
Cereal-killer - basically if you currently hold shares you will get the option to buys shares at 23p in the open offer. 3 share options for every 20 shares you currently hold. You can apply for more than your allocated number of shares if you want to as “excess shares”, again at 23p each although you aren’t guaranteed to get all or any of the excess shares you apply for (depends on overall demand).
Allocations of OO options should start to be issued today.
Can someone please explain how the open offer works please as I really don't understand at all.
Thanks
Lots of state banks and institutions are getting more and more involved in the vanadium and critical mineral space to fuel the energy transitions move forward
The @WorldBank has issued a vanadium battery storage report Circular Business Model for Vanadium Use in Energy Storage. The report emphasizes the economic appeal and environmental friendliness of #VFBs as a solution for energy storage.
tinyurl.com/bvymck8t
Didn’t really want to commit too much new funds to the open offer, so I have sold half of my allocation on Friday (just above 23p) I will use the funds to buy my 3/20 shares. I don’t think they go much lower than 23p so it’s just a way to take the open offer shares with no cost to me, but IES gets the cash.
I have left the rest in case the share price increases and will sell the rest into this or may even add some short term new funds to trade depending on the share price and my feeling re risk/reward. I have quite a few of these, so I don’t really want to start finding new funds or sell other shares to fund this as it’s quite an amount!
If the share dips lower, I could then use the cash now in my account to buy lower than 23p and then not take up the open offer - subject to time frames…so I’m sort of hedged for 50% at the moment.
I still think this will do well in the short term as new investors can take a slice for just over 23p - FOMO anyone…
I don't know the size of the Mistral units or indeed if they are units at all in the usual sense but the existing units are bigger than the equivalent lithium capacity batteries. But the can be much closer and stacked (no fire risk). For most grid applications size is not a big issue. In urban areas the noise from lithium cooling units might be a problem. I think VFBs are almost silent. In most applications I'm sure it will be a capex per KWH and the longevity that will be the main considerations. Mistral cost are 40% less than existing VFBs we are told and they hope to get that down to 60%. Hope that helps.
How scalable are these batteries really? Most new grid bank projects under consideration are now 100MW+. These batteries do have many advantages over lithium-ion batteries (cost, durability, fire etc.) but size isn't one of them. Even when double or tripled stacked they're likely to need quite a lot more land than equivalent lithium-ion batteries, which might prove to be at a premium the closer grid banks are brought to urban centres where they are needed.
I’m going to have to see if anyone has a Sunday times left now so I can read it!
So far as the competition is concerned, until the specs for mistral are published we don’t have much to compare. And I would imagine that sodium-ion would have to jump through the same regulatory, funding and acceptance hoops that IES has spent the last few years negotiating so hopefully vanadium has a head start?
Do#es anyone have any views on the competition, in particular Sodium-ion which is getting some attention. How do IES come out against the field?
Thank you.
“the infrastructure bank has done six months of due diligence on us. that has been significant in getting other people comfortable that now is the time to back us,” said jonathan marren, the chief financial officer of invinity energy systems.
invinity’s capital raise is thought to be one of the largest in london this year and was oversubscribed. “we’ve had some big institutions backing us for the first time,” said marren. “that shows to me there is capital available. but i think you’ve got to have the story right. the hope is that we’ll get the market going again.”
invinity’s timing looks good. last week the g7 set a goal of increasing battery storage on grids sixfold by 2030. the move comes as governments look to wean themselves off minerals supplied by china, including lithium.
the company’s vanadium flow battery can emit 220kwh, enough to power 30 homes for a day. invinity claims that the 25-year lifespan of its product easily outweighs that of lithium batteries. flow batteries come in units the size of shipping containers and can be stacked closely together to generate more power. because they are water-based, there is no risk of fire.
“lithium batteries, while they have their uses, won’t meet all the requirements for energy storage, especially as the market demands longer duration to bridge the gaps in renewables,” said larry zulch, the chief executive of invinity.
vanadium is mined in brazil, china, russia and south africa but can also be recycled from iron ore ****. the ftse 100 giant glencore mines it in south africa. typically used to reinforce steel, it can also be used to store electricity. vanadium salts are dissolved into a water-based electrolyte solution that “flows” (hence the name “flow battery”) through a “cell stack” comprised of plastic frames and electrodes stacked together. this enables electrons to pass back and forth between the vanadium atoms, allowing electricity to be stored or released.
vanadium flow batteries are a relatively well-understood concept, zulch said, but they have taken time to gain traction as research has focused on lithium batteries. invinity’s customers already include scottish water and edf. three years ago it signed up the wind farm giant siemens gamesa as a partner to work on the next generation of its batteries. schroders is its biggest investor.
in the medium term, invinity plans to manufacture batteries in bathgate in scotland and vancouver, canada. it then hopes to license its tech in other markets, where batteries would be built by third-party manufacturers.
I'm not currently a holder but I'd say the gist was positive. On of the largest capital raises on the UK market this year despite the current lack of appetite for smaller company fundraisers.
The technology looks interesting. The article seems to suggest that one container size battery can store enough electricity to power 30 homes for a day and that it can hold its charge 3x longer than a lithium battery, with no fire risk.
Hi, I do not subscribe. What is the gist of the view please? Regards, Simon.
My small buy through H-L was marked unknown.
I’ve got a really good feeling on this for the coming year or two. There’s no way a state owned infrastructure bank would throw £25m into a listed co without a LOT of due diligence.
Also, the Mistral product was pretty much the main leading project with the US Department of Energy LDES funding round of $286m. How many validators do you want to see from state owned entities??
“ Noteworthy among the first group are new projects which will utilise the vanadium redox flow battery (VRFB) technology of Invinity Energy Systems and the carbon dioxide-based technology of Italy-based Energy Dome.
The DOE plans to fund six projects totalling 84MWh of energy storage capacity using Invinity’s latest VRFB product, Mistral, with deliveries expected in 2025. “
https://www.energy-storage.news/energy-dome-invinity-form-redflow-projects-among-does-us325-million-ldes-winners/