The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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They have a new article about Lithium Sulfer batteries [from Lyten, not Gelion]. Still of interest if you are interested in potentially transformative battery tech.
https://www.technologyreview.com/2024/02/14/1088177/sulfur-cheaper-better-batteries/
=== or ===
https://archive.ph/PWClK
Some massive director buys this week and yet the SP remains below 25p. Expect plenty of upward momentum this month.
Has released a video today about batteries with silicone anodes
https://www.youtube.com/watch?v=YJ4pg_exdvs
A crowded area of research, but the winner(s) could become very valuable.
I've had a quick look at the company and its staff, and I'm happy to participate and Fund this type of acquisition - More Strings to the Gelion bow. It can only be good for future R&D and commercialising products.
Great news from Gelion: Increased revenues = less chance of damaging capital raise.
Strong Buy
Good to get an update but still a lot of R&D ahead and burning cash..
You have to ask yourself... if a company currently valued at £30m with a lot gf R&D ahead and a long way off sales then is the value too high? I still think so sorry.
So still a strong sell in my book. Be more comfortable with value sub £10m (so share price around 9 or 10p) to reflect risks.
Ever the optimist! I read that as a positive update . Especially the commercialization aspect.
If they don't ask for buckets of cash long term should be a winner.
As with all investments, Timing is everything!
I guess it depends on how you read it. They identified a problem and also the solution and expect to validate it within the same timeframe. That's not negative really (if you believed their R&D plan earlier this year).
The update is not that promising; higher costs and more time is not often liked by Mr Market. At least there should not be cash issues yet.
Mention in a YouTube vid:
https://youtu.be/TLKjPCq-WgA?t=484
https://gelion.com/gelion-endure-battery/
There are signs that investor enthusiasm for battery stocks is returning:-
The UK's first Lithium-Ion battery recycling plant has just been approved.
And the s.p. of its part owner, Technology Minerals (TM1), has more than doubled recently, from 0.875p on 24th. March, to 2.225p today (market cap. £33.7M.)
25/04/2023 07:00 UK Regulatory (RNS & others) Technology Minerals PLC EA Approves Lithium-ion Battery Recycling Plant LSE:TM1 Technology Minerals Plc
https://www.lse.co.uk/rns/TM1/ea-approves-lithium-ion-battery-recycling-plant-k9j12sx5b2uq0al.html
And from a 19.4.23 ARA video interview:-
"... The sectors that we're particularly interested in are in energy storage generally, but particularly in battery technologies. ..."
https://www.proactiveinvestors.co.uk/companies/news/1012600/aura-renewable-acquisitions-very-hopeful-of-making-a-transaction-this-year-1012600.html
Aura Renewable Acquisitions (ARA) 5p Market cap. £525k. Cash c. £800K.
https://www.lse.co.uk/SharePrice.asp?shareprice=ARA&share=Aura-Renew-Acq
I think these guys are onto something but what worries me that a lot of R&D is still needed on both lines of their business.... so cash flow a long long way off.
My fear is they will burn through cash on their future R&D with no guaranteed results (it is high risk after all), resulting in a significant placing at the back end of this year.
Given this I feel a company that is currently valued at £43 million is way too high and I can see this value drop by at least 50% to reflect fairly the significant risks of this company. I know this post will not be popular to existing investors but we can not always look at blue skies but we need a sober assessment of the real risks/uncertainties in this company. Hope this is helpful.
Great presentation for sure!! I hope this is the bottom
Good presentation this morning... the bottom must be getting closer.
I have been trying to paste the link to their interim financials which has been highlighted in the RNS - much better presentation than the RNS and tells a story
https://gelion.com/wp-content/uploads/2023/03/Gelion-Interim-Results-31-12-2022.pdf
Yes, the cash balance incl term deposits is £14.4m and they have only used £2.6m between June 2022 and December 2022.
https://gelion.com/wp-content/uploads/2023/03/Gelion-Interim-Results-31-12-2022.pdf
I missed the £6m 'cash equivalents' so the runway is longer but I still expect a placing this year.
In the last 6 months they consumed more than £1m a month and had just £8m left at the end of December. £4m is needed for the Johnson Matthey IP acquisition. I expect a cash rise soon; down 60% over the last 12 months does not help when you want to market shares to raise a significant amount... a years cash runway would want over £10m; the discount / dilution could be eye watering especially if the market begins to anticipate a discounted placing and hammers the share price.
From the RNS:
1. Johnson Matthey IP acquisition
On 9 March 2023, Gelion signed an agreement to acquire a world-leading IP portfolio in a range of next generation battery material technologies from Johnson Matthey, a British multinational chemicals and sustainable technologies company. The Company acquired the entire LiSiS patent portfolio for £4.25 million which includes over 450 patents across 82 patent families. This transaction will be funded from the cash resources of the Company.
With the Group's focus on sulfur cathodes, Gelion is in advanced discussions to sell a subset of patents (73 patents across 17 patent families) as well as applications relating to silicon anode to a third party for c.£1.25 million. Should the third-party sale being successful, the net cash impact will be c.£3 million.
The Q&A from the recent Investor Meet session are now online. The thoughts of any battery chemists / material scientists who read this board who be much appreciated as some of the Q&A are past what I was taught at school decades ago.
I still get the feeling that they are onto something but they are not sure if it can be commercialised without years of improvement until / unless they are able to license the tech; promising but a 'guppy in a shark tank' gobbling up precious cash as it progresses.
https://www.investormeetcompany.com/investor/meeting/investor-presentation-194
You need to be a [free] registered user to read the Q&A or view any archived meetings.
Same here..small holding but very interesting
Just don't want to miss out if/when it goes boom!
The new CEO has repeated the phrase 'match to market' many times during the presentation. They seem to be battling to find where to sell their tech effectively and he seems to have swerved all direct questions including cash runway.
Even though this company interests me I see it keep drifting downwards until either a placing at the end of 2023 or the announcement of a licensing deal for the sulfur cathode advances. From what I heard I expect no news that will boost the share price until around the next update from the CEO in around 3 months time.
Huge potential though so remains one of a lot of interest firmly on my future energy watch list.
More good news. Director buys in the open market. Regardless of scientific application and commercialisation ( which will come) as no one is in business to fail!
Promising, but the market would react even more positively if there was some mention of commercialisation. I would also like to know if the chemistry has any application in sodium ion batteries.